Senator Al Franken (D-Minnesota) has come out strongly against a proposed merger between Comcast and Time Warner Cable. In a letter to the Federal Communications Commission, the Department of Justice and the Federal Trade Commission, Sen. Franken said that there is already not enough competition in this [we assume he means broadband and cable television] space and this deal goes in the wrong direction. He also said that he is thinks this deal will increase cable prices and decreased the quality of service for Time Warner Cable customers.
"My constituents express frustration at being squeezed by unacceptably high cable bills every month," he wrote in his letter, adding later that he was "concerned that Comcast’s proposed acquisition of Time Warner would only make things worse for consumers."
Comcast announced yesterday that it planned to buy out Time Warner in a $45 billion stock deal, which comes to roughly $159 a share for Time Warner Cable stockholders.
The deal is still subject to regulatory approval by various U.S. agencies.
You can read Franken's full letter here.