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Dish Network: Charter-TWC not in public's interest

Nov. 13, 2015 10:01 AM ETDISH Network Corporation (DISH) StockDISH, CHTRBy: Jason Aycock, SA News Editor1 Comment
  • In a new reply filed with the FCC as its comment period ended, Dish Network (DISH -0.8%) says the merger between Charter (CHTR -1.2%) and Time Warner Cable (TWC -0.1%) isn't in the public interest, targeting the key attribute the agency reviews in potential mergers.
  • "The proposed merger is harmful for consumers, competition and innovation, and should be denied," the company said.
  • Dish Network had filed a petition with the agency in October in opposition to the merger. Its new reply comes in response to filings from Charter, TWC and Bright House Networks (also set to be acquired by Charter in the deal).
  • "The merger will create a dominant duopoly," Dish said in its most recent statement.
  • Speaking at Liberty Broadband's investor meeting yesterday, Charter chief Tom Rutledge suggested the deal's in its endgame.
  • "Everyone has had their say," Rutledge said. "The shot clock has stayed ticking as a result of our responsiveness so far. And there are very few local franchised authorities left for us to get clearance on. Our financing is done. We're sitting here, ready to close."
  • Previously: AT&T: We're not opposed to Charter-TWC, but probe carefully (Oct. 14 2015)
  • Previously: Dish Network files FCC petition to deny Charter-TWC merger (Oct. 13 2015)

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