The Federal Trade Commission Tuesday cleared Comcast Corp. and Time Warner Inc. to complete their $17.6 billion carve-up of the assets of once-bankrupt Adelphia Communications Corp. without requiring any additional conditions.
The main issue investigated by the commission was whether the expansion of the two cable giants’ geographic “clusters” of cable systems would give them too much power to dictate terms competing cable “overbuilders” — satellite TV providers and telephone companies entering the TV distribution business — must pay for programming, particularly regional sports networks.
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