According to Bloomberg.com, Comcast will drop its bid to merge with Time Warner Cable amid growing opposition to the $45 billion deal in Washington.
Writes Alex Sherman:
Comcast is planning to make a final decision on its plans Thursday, and an announcement on the deal’s fate may come as soon as Friday, said one of the people, who asked not to be named discussing private information.
Time Warner is currently the sole carrier of the Dodgers’ television network, SportsNet LA, in Southern California. Many have debated the ripple effect of a merger — as it pertains to baseball and other facets of society — in recent months. Had the merger been approved, all Charter cable customers in Southern California would have had access to SportsNet LA, which is currently available to only an estimated 30 percent of the local market.
The merger was seen as central to the Dodgers’ strategy of improving SportsNet LA’s distribution. There certainly had to be a Plan B. Soon enough, we might even find out what that plan is