FierceCable.com reports that rumors surrounding a possible rejection of the upcoming Comcast-TWC merger by the U.S. Department of Justice are growing bigger and bigger.
Most interesting, however, is the far-reaching impact this failure to come together will have on the Cable TV industry.
It’s possible, according to BTIG Research analyst Richard Greenfield, that Comcast could rebound from this failure and buy a company like Netflix instead.
Charter Communications would also be greatly affected, as they were set to gain 3.9 million video subscribers if this three-way deal with Comcast and Time Warner Cable was approved. Since Charter was also reportedly getting ready to buy Bright House Networks, the domino effects would continue.