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Time Warner Shareholders OK Comcast Deal

WAMC Northeast Public Radio | By Dave Lucas
Published October 10, 2014 at 5:11 AM EDT

Time Warner Cable said Thursday its shareholders approved its acquisition by Comcast Corp., clearing another hurdle for the $45 billion deal.

In February, Comcast said it agreed to buy rival Time Warner in an all-stock deal. The deal will make Comcast, which also owns NBCUniversal, a dominant force in both creating and delivering entertainment to U.S. homes.

The news comes a day after Comcast shareholders approved the deal, which is still awaiting clearance from regulators.

The deal is expected to close by the end of the year.

Copyright 2014 The Associated Press
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Business Comcastcable televisiontime warner cable
Dave Lucas
Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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