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Comcast nears deal with Charter on $18-$20 billion in divestitures: source

(Reuters) - Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers to Charter Communications, a source familiar with the matter said Tuesday. Comcast is studying what could be a two-phase process, where Charter would first acquire up to 1.5 million subscribers directly from Comcast, the source said on condition of anonymity because discussions were continuing and a final agreement had not been struck.

Cable TV provider Comcast posts 30 per cent rise in 1st quarter profit, cites NBC results

PHILADELPHIA - Comcast Corp. said Tuesday that its first-quarter net income rose by 30 per cent as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon's elevation as host of "The Tonight Show." Comcast is the largest cable company in the country with 22 million video customers and 21.1 million Internet customers. It is in the midst of an expected yearlong review of its $45 billion acquisition of No. 2 rival Time Warner Cable Inc.

Comcast in talks with Charter over divestitures: source

(Reuters) - Comcast Corp <CMCSA.O> is in talks with Charter Communications <CHTR.O> over selling or spinning off roughly 3 million subscribers worth approximately $18 billion to $20 billion as part of the divestitures related to its $45.3 billion takeover of Time Warner Cable <TWC.N>, according to a source familiar with the matter. The talks center around either a straight sale of 3 million or so subscribers, or the potential creation of a spinoff in which Charter would buy a substantial minority stake, the source added.

U.S. lawmakers press Comcast on Time Warner Cable merger

By Alina Selyukh and Diane Bartz WASHINGTON (Reuters) - Comcast Corp and Time Warner Cable Inc executives sought to reassure lawmakers on Wednesday that their planned merger would not send cable TV prices skyrocketing but found a fair amount of congressional skepticism.

Comcast, lawmakers debate mega-merger benefits

Comcast and skeptical lawmakers sparred Wednesday over the merits of a proposed mega-merger with Time Warner Cable which would boost the position of the largest US cable and broadband provider. The huge cable, Internet and media firm defended the deal as some senators expressed concern that it would concentrate too much power over Internet and cable access, and one consumer advocate said it would create a market "octopus."

Comcast, Time Warner to face lawmakers on merger plan

By Diane Bartz and Alina Selyukh WASHINGTON (Reuters) - Executives from Comcast Corp <CMCSA.O> and Time Warner Cable Inc <TWC.N> are expected to defend their plan to merge as they go before the Senate Judiciary Committee on Wednesday, the first hearing since the $45.2-billion deal was announced in February.

Comcast defends merger as U.S. review kicks off

By Alina Selyukh and Liana B. Baker WASHINGTON/NEW YORK (Reuters) - Comcast Corp's merger with Time Warner Cable Inc would not deprive consumers of TV or broadband choices and would help the two companies compete against newcomers including Google Inc and Apple Inc in the video market, Comcast told U.S. regulators on Tuesday.

Comcast, Time Warner executives to face critic at merger hearing

WASHINGTON (Reuters) - Comcast Corp and Time Warner Cable Inc executives will face one of the toughest critics of their proposed merger when they go before a U.S. Senate panel this week. The Senate Judiciary Committee will hear from Comcast Executive Vice President David Cohen and Time Warner Cable Executive Vice President Arthur Minson on Wednesday. Comcast, the No. 1 U.S. cable operator, has announced plans to buy rival Time Warner Cable for $45.2 billion. Both are major broadband providers as well.

Bobcats 123, 76ers 93

Bobcats 123, 76ers 93: Al Jefferson had 25 points and 10 rebounds as Charlotte rolled past host Philadelphia. Anthony Tolliver contributed 16 points and eight rebounds and Gary Neal added 15 points as the Bobcats remain two games behind sixth-place Washington in the Eastern Conference race. Gerald Henderson and Chris Douglas-Roberts scored 14 points apiece as Charlotte matched its largest winning margin of the season.

Hawks end six-game losing streak

Hawks end six-game losing streak ATLANTA - Paul Millsap made sure that the Philadelphia 76ers did not start a winning streak at the expense of the Atlanta Hawks' playoff hopes. The veteran Atlanta forward had 28 points and 17 rebounds as the Hawks snapped a six-games losing streak with a 103-95 victory over the 76ers on Monday night at Philips Arena.
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