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Comcast Finalizes Deal To Buy Time Warner Cable, Dominant Cable TV Provider In Ventura County

Posted on Thursday, February 13, 2014 2:45pm

Tens of thousands of cable television customers in Ventura County, and throughout Southern California will soon be dealing with a different company.

Comcast today announced it’s finalized a $45 billion dollar all stock deal to buy Time Warner Cable.

The sale would solidify Comcast’s role as the nation’s largest pay TV provider. The company also owns NBCUniversal.

If the government gives its approval, the changeover could happen by the end of the year.

Comcast would end up with about 30 million cable television subscribers.

Industry observers say in most communities, cable television companies already have monopolies except for satellite television service.

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