Comcast is trying to buy Time Warner Cable for $45 billion. Comcast, already the No. 1 cable provider in the U.S., will get 8 million more subscribers and 30 percent of the market. That figure includes a proposed divestment of about 3 million customers that Comcast is offering to assuage anti-competition concerns. Comcast would get access to cable markets in Los Angeles and New York City, and together the companies would save $1.5 billion in operating costs, more than half of which would be saved in the first year according to Comcast CEO Brian Roberts.
In California, there's an argument about whether the hub innovation known as Silicon Valley would be a richer or poorer place if left more to its own devices. This week, we've heard about the case for moving innovation out to sea, outside the limits of regulation. There's also a bid to take Silicon Valley and make it its own state. Today, another sense of the word "island," the criticism that Northern California's tech community is sometimes insular: The bus.
The men were released over the strong objections of U.S. military commanders, who say the 65 include some who have attacked soldiers and civilians. But Afghan President Hamid Karzai says there isn't enough evidence to justify holding the prisoners.
Surveillance footage shows the floor opening up beneath some of the iconic cars at the National Corvette Museum in Bowling Green, Ky. Other videos, taken with cameras mounted on a small helicopter, show what it's like down in the pit.
The nation's No. 1 and No. 2 cable companies would come together if Comcast's plan to buy Time Warner for $45 billion goes through. Before that can happen, though, federal lawyers are expected to consider the effect of such a combination on consumers.