FTC Delays Vote to Block AOL, Time Warner Merger

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The

Federal Trade Commission

delayed a vote scheduled for Thursday to block

AOL's

(AOL)

planned acquisition of

Time Warner

(TWX)

.

According to published reports, the FTC wants more information on the new Internet-access agreement between Time Warner and

EarthLink

(ELNK)

and could seek changes before approving a merger.

A series of meetings are planned this week to go over other contract terms, delaying Thursday's vote. Representatives from the companies were unavailable for comment.

Federal regulators, as a condition for approving the AOL-Time Warner merger, have required Time Warner to provide open access to its cable system to competing Internet service providers like EarthLink.

Under the terms of a draft settlement being negotiated with the FTC, AOL and Time Warner would also have to sign up two more competitors within 90 days, and abide by a series of provisions to protect competition in Web access.

Shares of AOL were recently down $1.03, or 2.3%, to $42.94 in

New York Stock Exchange

composite trading, while Time Warner fell $1.61, or 2.4%, to $64.26.