Time Warner Cable has been in the spotlight all day as its CFO Arthur Minson appeared before the Senate Judiciary subcommittee which is looking into the company's proposed merger with rival Comcast Corp (CMCSA).
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The $45 billion deal would give Comcast 30% of the cable market share and 40% of the Internet service provider market share.
Congress grilled executives from the two companies on everything from how the merger would affect consumers to "golden parachutes" for Time Warner's top executives.
Senator Al Franken (D-Minn) opposes the deal: "I'm against this deal. I believe this deal will result in fewer choices, higher prices and even worse service for my constituents."
Congress wants the Federal Communications Commission to review the merger. The fate of the deal lies with them.
TheStreet Ratings team rates TIME WARNER CABLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TIME WARNER CABLE INC (TWC) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."