NY PSC Extends Comcast/TWC Review

Says Commission, Staff Still Examining Effect on 2.2 Million Customers

The New York Public Service Commission says it is extending its review of the Comcast/Time Warner Cable merger at the request of staff, but expects to be done this year.

"Comcast’s proposed acquisition of Time Warner is a complex transaction. The PSC fully expects that it will complete its review by year’s end," the commission said in a statement.

The commission has not taken a position on the deal, but has told the FCC it has a number of "potential concerns," including that the companies may be lowballing the potential of vertical and horizontal harms.

A PSC source said the commission is still vetting the proposed deal's impact on some 2.2 million video and broadband customers in New York, a deal the commission sees as having a $3 billion impact on the state. Given the extent of the public record, and the importance of the issue, the commission extended the review.

The FCC has an informal 180-day shot clock on its review of mergers. Currently the clock is stopped on the merger at day 85 while the RCC resolves some issues about access to documents, so it looks like the earliest the FCC could be done would be first quarter 2015.