Time Warner Cable and Comcast stuck in waiting game

Time Warner Cable (TWC) CEO Rob Marcus told employees last week in an internal memo that a busy FCC may be slow in reviewing the company's plan to merge with Comcast (CMCSA).

Despite the 40 meetings between management with TWC and Comcast aimed at getting a deal closed in the calendar year, the slow pace of the FCC could push the closing into 2015, says Marcus.

What to watch: The recent wave of media merger activity could prompt regulators to proceed cautiously with the TWC-Comcast combination lined up as the first domino to fall. AT&T, DirectTV, 21st Century Fox, Disney, Charter, and a host of other companies will be anxiously awaiting the decision of regulators.

Related: The media merger guessing game

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