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Cuomo Reviews Comcast, Time Warner Merger



ALBANY, N.Y. (AP) - State regulators will conduct a review of the merger between Time Warner Cable and Comcast to determine whether the union is in the best interest of New York customers.

Gov. Andrew Cuomo on Monday says the $45.2 billion merger will be reviewed by the state's Public Service Commission.
  
The commission will investigate how the merger will impact state policies and how it will affect pricing and competition.
  
The merger deal, announced in February, is currently undergoing a federal review. The companies must receive the state's approval, federal approval and approval in the other states where they operate.
  
Time Warner Cable has roughly 2.6 million subscribers in New York, and Comcast 23,000.

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Locations : AlbanyNew York
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