Comcast Calls Off Merger With Time Warner

April 24, 2015 2:09 PM

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Comcast has pulled the plug on its $45 billion plan to take over Time Warner Cable. This proposed merger was one of last year's biggest. And it ran up against stiff opposition from regulators who were concerned the combined company might not be in the best interest of consumers. NPR's Yuki Noguchi is following the story. She's in our studious. Welcome to the program, Yuki.

NOGUCHI: Well, regulators didn't like the deal. The Federal Communications Commission told the companies this week that it had problems. It - what it was planning to do was refer the case to a hearing, which would have resulted in a protracted legal process. And in the industry, such referrals of ca...

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