time warner cable is. whatever the competitive dynamic is today for time warner cable negotiating regional sports network deals for multi-channel video distributors in the l.a. market for the lakers regional sports net will be exactly the same. we're not going to have any more power in the l.a. market to negotiate different deals because we also own regional sports nets in chicago and philadelphia and the washington area. those markets, the impact of regional sports net bargaining power is tied to the structure of the local markets where the regional sports nets are offered and there's nothing in this transaction that changes the competitive balance or competitive evening lib yum in those particular markets. >> there might be nothing in this deal that changes the configuration locally, but it increases the bargaining power on one side. >> the bargaining power for who? i mean, i'm trying to figure out -- >> the bargaining power for the entity that controls the programming. it's a bigger entity with more eco

time warner cable is. whatever the competitive dynamic is today for time warner cable negotiating regional sports network deals for multi-channel video distributors in the l.a. market for the lakers regional sports net will be exactly the same. we're not going to have any more power in the l.a. market to negotiate different deals because we also own regional sports nets in chicago and philadelphia and the washington area. those markets, the impact of regional sports net bargaining power is tied to the structure of the local markets where the regional sports nets are offered and there's nothing in this transaction that changes the competitive balance or competitive evening lib yum in those particular markets. >> there might be nothing in this deal that changes the configuration locally, but it increases the bargaining power on one side. >> the bargaining power for who? i mean, i'm trying to figure out -- >> the bargaining power for the entity that controls the programming. it's a bigger entity with more eco

we buy a lot of services from time warner and telecom. we buy it wholesale, and we buy almost all of our services from time warner wholesale. i think that may be largely due to the conditions that were placed on the aol/time warner merger by the ftc back when that occurred. our big concern is that that has been very advantageous for us and we think it's been advantageous for time warner. we're hopeful that when this merger occurs, that there's a condition placed that the conditions will continue to be enforced and monitored because it's helpful for us to provide a competitive service in buildings where the bigger providers are. >> thank you. i was thinking when mr. cohen was referring to small businesses, you probably consider yourself not a huge business there, mr. bosworth. >> no, we're not. >> there's a lot of independent contractors that are the focus of this hearing as well. do you want to respond? >> yes, thank you. we've raised $30 million from individuals, a little bit over that, and one of our only remedies right now is to go out

: race nal once again. >> ifill: marn get warner, thanks always for clearing it up for us. >> warner: my pleasure. >> woodruff: nine months after it became the largest city in the u.s. to declare bankruptcy, detroit is drawing closer to a deal on how to protect current and former city workers from deep pension cuts. until recently, officials had been warning of painfully large pension reductions. the shift was announced yesterday, and today, leaders of the retired police and firefighters group voted in favor of it. pensions for those retirees had faced a pension cut of up to 14%. under the new deal, they would not take a cut. other civilian workers faced a reduction that could have been as high as 34%. that's been scaled back to 4.5%. any action on pensions is being watched by other cities that confront huge debt. public television is here to fill in the picture. welcome back to the program, christy mcdonald. am i right that there were these dire warnings up until just a day or so ago that pension cuts could be enormous? >> absolutely, judy. that's probably part of the negotiation pro

lakers, right now the fact that time warner -- if previously time warner had owned the l.a. regional sports network and they're bargaining with other l.a. oriented video providers and that company is now co-owned by comcast, it doesn't really change the bargaining leverage of the l.a. lakers network against any of those other l.a.-based video distributors, and so this is, again, because l.a. programming is only primarily interesting to people in l.a., the fact that it's now co-owned by a person who also owns a regional sports network in philadelphia doesn't really change their bargaining power in the l.a. market. on a broader scale -- >> i suppose you're presup possing that all rsn's would have a regional fan base. >> that is correct. >> that won't always be the case. >> for the most part it is because if they don't, they tend not to -- the programming tends to migrate to the national sports networks as opposed to the regionals and countries have a choice about where they're going to place that programming. on a much broader level, we've been fighting about rsn's before this

in one hearing they say we compete with time warner cable. and then in the next couple years later it is so, we don't compete with time warner. that is what they had. they are contradicting themselves completely. when they have this power now of you know, they are going to, you know, control so much broadband space and on the cable area they are competing with direct tv and satellite tv. even if you get satellite or direct tv or any kind of satellite tv you still want to be on the internet and you are going to have to go back to comcast. and when they have been talking to their investors in these talks with goldman sachs and other investment banks that have investment they talk about they would bundle and use this power to leverage. and that is their job as a corporation: make as much money for their investors as possible. so they were mischaracterizing what the market looks like. and this is going to, you know, their service is terrible. i sent out an e-mail asking people to tell me their views on this merger and i got over a 100, 000 letter

cabletioned time warner is one of those competitors. he said at the hearing with us that we are not expanding our distribution. it's ok for us to vertically integrate this way. they cannot have it both ways. they are trying to have it both ways. weone hearing you say, look, compete with time warner cable. in the next couple years later, competeh, we do not with time warner cable. that's literally what they said. they're completely contradicting themselves. now,they have this power they are going to control so much broadband in the broadband on theand they say -- cable area, we are competing with directv and satellite tv. if you get direct tv or satellite or any kind of satellite tv, you still want to be on the internet. you will have to go back to comcast. when they have been talking to their investors in these talks with goldman sachs and all the other investment banks that have investment in it, they talk about how -- we are going to bundle. we're going to use this power to leverage. that is what they say. that is their job as a corpo

between comcast and time warner cable. this week joining us is senator al franken, a democrat of minnesota, who is on the judiciary committee. in fact, he's chair of the judiciary technology and the law subcommittee. senator franken -- >> guest: it's privacy, technology and the law. >> host: i apologize. thank you so much, sir. >> guest: that's all right. >> host: yesterday at the hearing held by the committee you said that a merger between comcast and time warner cable would result in fewer choices, higher prices and even worse service for your constituents. how do you come to that conclusion? >> guest: well, because that's been the case when there's consolidation of media and of telecommunications media with. that's what's happening here. this is, comcast is the biggest cable tv company in the country, and it's the biggest internet broadband company in the country, and it's wanting to buy the second biggest cable tv and the third biggest internet broadband company x. that's just too big. and not only that, but comcast ha

warner telecom.e buy at wholesale and bathe why almost all of our services from time warner wholesale. i think that may be largely due to the conditions that were placed on the al -- aol-time warner commission back when it occurred. our big concern is that has been very advantageous for us and we think it's been advantageous for time warner but we are hopeful that when this merger occurs that there is a condition placed that the conditions will continue to be enforced and monitor because it's helpful to provide a competitive service and buildings where the bigger providers are. >> thank you and i was thinking when mr. cohen was referring to small business you consider yourself not a huge business mr. bosworth. there are a lot of independent contractors that are focus of this hearing. do you want to respond? >> thank you. we have raised $30 million from individuals and one of her only revenues right now is to go out and try to raise another 30 to litigate. patches shouldn't be the avenue in order for

>> warner: a similar weekend scene played out at the state security building in luhansk. authorities said protesters wired the building with explosives and are holding some 60 hostages, a claim the demonstrators denied. the unrest in the east also stoked tensions at ukraine's parliament. a fistfight broke out after the head of the communist party blamed ukrainian nationalists for provoking russia. at a senate hearing in washington today, secretary of state john kerry laid the blame for the unrest squarely on moscow. >> russia's clear and unmistakable involvement in destabilizing and engaging in separatist activities in the east of ukraine is more than deeply disturbing. no one should be fooled-- and believe me, no one is fooled by what could potentially be a contrived pretext for military intervention just as we saw in crimea. it is clear that russian special forces and agents have been the catalysts behind the chaos of the last 24 hours. >> warner: in moscow, russian foreign minister sergei lavrov flatly rejected the allegation. >> ( translated ): our american partners a

chief foreign affairs correspondent margaret warner reports. >> warner: ballots by the truckload were brought to kabul from the far reaches of afghanistan, as the painstaking process of tabulating the saturday vote totals began in earnest. >> ( translated ): the sensitive and non-sensitive material including the results from districts of almost 15 provinces has been delivered to the center of the provinces according the schedule. >> warner: nearly 60% of the 12 million eligible voters headed to the polls amid tight security. long lines formed on a raw, rainy day in kabul. outgoing president hamid karza spoke after filling out his own ballot. >> ( translated ): i cast my vote today as a citizen of this country and i am so glad and proud that i have voted today. i am certain that today's event and our people's participation will take afghanistan towards stability and better lives for the people. >> warner: the pace of deadly taliban strikes had escalated leading up to the balloting. but saturday saw no major attacks, and the high turnout was its own message, said prominent lawmaker shuk

comcast, time warner, charter and cox.ow at the same time cable faces growing competition by satellite tv, and the two biggest satellite tv services, directv and dish are said to be in their own talks. with customers migrating more to the digital space to view their media content, we explain. >> comcast is the nation's largest cable provider. taking over time warner would give the company 30 million subscribers, dwarfing the competition, but dominating the cable landscape may not add up to much in the end. >> you have to wonder if they're trying to be the biggest in a declining industry. the people are pulling the plug and they're going to other ways of getting their television. >> devices from apple tv to roku and amazon's fire tv allow viewers to cut the cable cord by streaming media over their internet connections. companies like netflix distribute their content directly to viewers. and in 2015 one in five americans will not longer be watching tv. >> roku, comcas netflix, apple r more ways to watch the shows you like. a

we buy a lot of services from time warner and telecom. we buy it wholesale, and we buy almost all of our services from time warner wholesale. i think that may be largely due to the conditions that were placed on the aol/time warner merger by the ftc back when that occurred. our big concern is that that has been very advantageous for us and we think it's been advantageous for time warner. we're hopeful that when this merger occurs, that there's a condition placed that the conditions will continue to be enforced and monitored because it's helpful for us to provide a competitive service in buildings where the bigger providers are. >> thank you. i was thinking when mr. cohen was referring to small businesses, you probably consider yourself not a huge business there, mr. bosworth. >> no, we're not. >> there's a lot of independent contractors that are the focus of this hearing as well. do you want to respond? >> yes, thank you. we've raised $30 million from individuals, a little bit over that, and one of our only remedies right now is to go out

the move will take place after the deal of its deal with time warner cable.lion subscribers. merck selling its consumer health care unit for $148 billion. it makes claritin. and a judge approved amr and us airways to merge the justice department had bought that deal, you remembering, saying it will result in higher airfares. >> you claim to have been in mexico. >> i said i was in mexico. and here i am in rome. >> but look how happy. >> so thrilled. >> and the eyebrows. and that thing on your wrist. >> my black one. >> this is the orange one today. this is the black one. the fit bit he's wearing. >> we didn't catch you in rome. that is not you. >> i saw that over the weekend. i go, oh, my god. you lied to me. that's what i thought. wouldn't be the first time. you said you were staying at least on this continent and you didn't. >> how are the gold and energy markets faring? joining to us discuss this, frank holmes, ceo and cio of u.s. global investors. and matt smith from schneider electric. i talked to someone, was it our friend, what's his name? i'm slipping

peter cook follows the --cast-time warner merging merger hearings on capitol hill, but we begin withreaking news on the release of the latest fed minutes. >> remember the take away from the meeting was that fed officials might have moved up of the firstd pace interest rate increase, but it turns out several members at the meeting were worried that would be the market reaction. in the minutes, we find out that ofy said this component their economic forecasts could be misconstrued as indicating a move by the committee to less accommodative reactive function, said speak for faster and sooner rate increase. several participants noted that the projection overstated the shift. they are referring to the famous chart the fed uses. you can see in 2016, they moved up the median forecast for where they thought interest rates might need. we all thought that the meeting was janet yellen's first. turns out that was incorrect -- she presided over a march teleconference wherein they discussed getting rid of the 6.5% guidance. they agreed that the existing forward guidance with its reference to the .

and charter and comcast, time warner and charter and then the deal was struck between time warner and comcast ultimately. we are very disciplined in the way in which we think about financial transactions. we want to make sure anything we do benefits shareholders and it is suggestional under oprationale sense. we would never want to take away from the operational team we have at comcast. but focused on the future of the company, and our balance sheet and brian loves to ask, we are comfortable where we have are today, but five and ten years from now what will the landscape look like? the additional scale that comes from this transaction gives us the ability to continue to invest in innovation and rnd to stay ahead and deliver a high quality, appropriate priced video, high-speed data and telephone services to residential and business customers and brian keeps our eyes focused on that ball in a great way. it is that frame of how do we continue to be competitive and impactful with the balance sheet and operational excellance on both sides of the table. >> host: i want to ask you about othe

both lockett and warner were convicted of murder. they each won a stay of execution earlier this month after challenging the secrecy of their execution drugs. but the oklahoma supreme court reversed the decision last week after oklahoma governor mary fallin objected and state lawmakers threatened their removal from the bench. warner's execution has now been delayed for 14 days pending a review of execution procedures. >> clayton lockett's execution was second botched execution this year in the united states. in january, an ohio prisoner named dennis mcguire was executed using an untested two-drug method. he made snorting and gasping sounds before he died, prompting his family to file a civil rights lawsuit. and call for a death penalty moratorium. sincey was the first time 1937 that two men were said to be executed on the same day in oklahoma since the death penalty was reinstated in 1976, although it has happened in other states. the last double execution was in texas in 2000. for more we go to tulsa via democracy now! video stream

time warner and cbs. i have been searching up and down to find an explanation of what's wrong with these two. time warner is such a winner. it's got a big dividend, it's making oodles of money. a voracious buyer, the ceo, a great american, has developed some of most successful hit programs of all time including "game of thrones" and the hbo go service is a remarkable way amor tyczing service. as for cbs, it's a hit machine. generating series after series that can be repackaged and sent overseas. the company makes more than $20 million a year from "i love lucy." but these stocks, these two stocks, they have been under tremendous selling pressure of late. now, i have been asking everyone is time warner going down because it was supposed to get a bigger dividend? is it supposed "game of thrones" crashed hbo go? is cbs actually asked this favor today, is cbs getting slammed because letterman is retiring, because the competition for nbc's own jimmy fallon, not that i can get a ticket to see it. sure enough, i

we are talking about the comcast-time warner cable potential merger. senate hearing just wrapped up on capitol hill. susan warner.by you were out with an op-ed on bloomberg view. comcastle of it " depends." to us.it is a gift >> this merger and has to go through. their job is to create an air of inevitability about this deal. the politics in washington are drifting against comcast's plant. it is not at all clear that the concessions in the public interest are actually in the public interest. >> senator franken pointed out saving money, those savings will not be passed on to consumers. >> they have an obligation to prove to the fcc that this merger is affirmatively in the public interest. they are saying whatever we do, it is not going to add up and to lower consumer prices. it will be more efficient for them to drive down the prices of programming, but no particular consumer benefit. yes, they have got an obligation to show that public interest is served by this merger, and as far as i can tell, they are not making that showing very strongly. the heari

and on line. >> consumers want to know where a combined tcomcast/time warner will be in a position toprovide high speed internet access, will consumes have more cable bills and more or less content? >> this issue touches people's lives every day and touches their wallets every month. >> a post-merger comcast will serve anywhere between 20 to 40% of the high speed internet market. but not at the expense of consumer choice. a top executive from comcast says that is because the competitive landscape is changing. >> while this transaction will make us bigger that is a good thing, not a problem. most of our real competitors are national and global and larger than us, like the bells, satellite companies, apple, google, sony and netflix. >> however, critics repeatedly pointed to comcast ownership of nbc universal. and the potential to levy that. >> so it could undermine the new innovative options that consumers are seeing. comcast, with its control of video and high speed broadband adding time warner systems could lock in high prices for nbc, programming, and sports and regional sports and c

number one is time warner cable and comcast.re heading to the hill this morning to convince senators the proposed good for thee public. it is the first congressional hearing for the 45 billion dollar merger. we will hear much more from the companies. the bell has rung to kick off the opening session. let's ring in michael on the call. he is the chief global strategist and his call is the recent selloff in tech stocks might actually be healthy. one strategy you have mentioned is too short the shorts. what does that mean? >> if you look at where a lot of funds got wrong in q1 was towing in and shorting things like emerging markets or gold. if you look at the short interest, a lot of these assets or stocks, it was really excessive. everyone was on one side of the ship. if you could go against that and play relief rallies, you could play very good tactical money. that is not to say the fundamentals and a lot of these assets do not have to be considered over the long haul. but you have to watch the short interest. >> some of the shor

john mccain will weigh in on the proposed comcast-time warner cable merger. white house's foreign-policy agenda yesterday in a crash with john kerry. much more on that in a moment. here's a look at our top headlines. tech stocks rebounded from a three-day selloff. the 23 ridges silicon valley billionaires lost a total of $11 billion in the last few weeks. a promising sign of the search for the missing malaysia and jet. a ship in the indian ocean has reacquired electronic pings that maybe from the plane's black boxes. one of the biggest recalls in automotive history. toyota recalling 6 million vehicles to fix a variety of defects. none have been linked

the current ceo of time warner cable says by the time we close the deal, time warner able will be ine ever. he's being more flexible with the kinds of roddick sees offering customers like us. for example tablet-based stuff. time warner cable has been losing residential tv customers. those losses are still happening but he's not losing as many customers. overall, if you account for internet, voice and television, time warner cable added the most subscribers. >> and if you don't like it, tough nuts. >> caterpillar is of the most in the dow today floors -- up today. raised --r >> it could be held by strong herbal goods order report. that affects a company like caterpillar. >> it is reflective of the underlying trend that could help a company like caterpillar. >> when we come back, priceline founder jaywalker is added again. wait until you see what industry he wants to bust into this time. fireso, potential house as appeared last month. we will see what it says about the real estate market. it bloomberg television, streaming on your phone, tablet, bloomberg.com and you can find us on fir

-- or time warner would get acquired. >> you are no stranger to these big deals. will be approved? will there be a sweetener? >> i think the chair -- the share price is a function -- a lot of buzz about it not being approved. it is kind of a drag. i think it should be approved. it would be very hard legally to refuse it. there is no antitrust issue in terms of the size. a lot of people from outside saying it will hurt programming. it is not about the cable business because they are territories. >> it would be hard to make that argument. >> the antitrust rules were set up to deal with an existing problem and to be able to deal with them when they happen. this problem has not happened. .here is not an issue it is inappropriate to use antitrust in a situation where all you were talking about are things that might happen in the future. >> talking to some analysts about your tenure at nbc. they're pointing out the internet looks a lot like cable did when you took over. what would you do if you were in the internet world right now? lot ofould do what a people -- >> i wo

time warner cable and comcast don't compete directly in the same markets. the tv industry is such that it's woven together in such a way with so many different companies, not just cable and hollywood, and media networks, but technology and internet companies that are part of the what is an eco system affected by the merger, and the reason why is time warner and comcast together will own about or control about 30% of the cable tv market and more than 40% of the internet broadband market and that is the way people are getting video. >> a lot of people watching at home say they can't follow the company triangle, what does it mean for them and their cable rights? >> well there's a lot that could happen depending on if the merger is proved. the cable rates is down the food chain, it's what the beels mean. unless there's a big change in the industry and the cable bundle. you will not see a change from the trends over the last several years, which is cable bundles, hundreds of channels growing bigger and more expensive. >> we'll see where this goes. good to have y

that gets back to time warner and comcast.ll have you even if they are not delivering their content through the set-top box? they absolutely will. these cable television companies are thinking of themselves as broadband companies, not so much cable television companies. business is the broadband, the high-speed internet access. that has become a basic utility for every american. >> let's talk about the rollout of these netflix set top boxes in three different markets. tell me about those. netflix isves that becoming more like a premium cable network, more like an hbo, as a direct competitor -- as opposed to a direct competitor to the cable company. the three cable companies that will put netflix on the set-top box. >> why do they need to do this? we have just been talking about how they represent the competition. as people get frustrated with the monopoly power of the cable companies, and they will go to netflix. >> i think the preferred way for them to get into the cable, pay tv ecosystem is through an app. that is a threat f

viacom, cbs, time warner -- but disney and comcast are getting bigger.gainst these big behemoths? >> are all the big guys winners by virtue of their size? >> i think they -- there is so much change in media. you need to be big to have a seat at the table, to manage the media model. the media model is really changing. it is not just time warner, comcast, and disney. appleamazon, netflix, and who have tons of cash. they are just now beginning to dip their toe into the water around content distribution. >> why haven't we seen google? amazon certainly is. google play is hardly a content play. why haven't they done more? >> you would have to ask them. they obviously have a lot of things going on. the real question is, when do they begin to spend the cash? >> content is google. >> it is. it is not the curated content like "breaking bad." they are trying to do that and put money into it, but what you are getting is more choice. how do you break through the clutter? that is what -- that is the power of the incumbent right now. >> it is clear that there are so ma

were comcast and time warner operate, they don't compete against each other. it's not like the consumer will lose options. consumers will get better options and ability to get lower costs through the efficiency. i'm concerned that the fcc is trying to come in and play heavy role in the negotiation. what we have seen in past negotiations with potential mergers, when he fcc gets involved, they tried to get companies to agree to things that are bad for consumers. that should be the role of the department of justice, and it should be based on what is good for consumers. i think it may help consumers in the long run. se,steve police -- scali republican from louisiana. talking about some of the tech issues that the energy and commerce committee is looking at. up next, representative jared polis, democrat of colorado. you have been quite active in tech issues, can telecommunications issues. where does your interest stemmed from? >> before i came to congress, i was an internet entrepreneur. i saw firsthand the need for a highly educated workforce. for schools to be ab

and a look at acquiring time warner cable.et's begin with phil mattingly and president obama's executive order on exec -- on equal pay. forward, they do going and more important, will it move the needle at all yeah president obama at sign -- at all? >> resident obama signed two executive orders today. comeayday to will only from federal contractors. if you shine a light on this data, you will be able to find it there, any disparities between men and women. however, for it to apply to a wider range, they will need congress. and once again, republicans are not in the mood to get along with democrats here, something obama addressed directly in his press conference today. >> if republicans in congress want to prove me wrong, if they want to show that they do, in fact, care about women being paid the same as men, then show me. they can start tomorrow. they can join us in this, the 21st century -- [laughter] -- and vote yes on the paycheck fairness act. [applause] humor both a little there, and a challenge there from the president.

she's a time warner cable subscriber in new jersey.er 4-year-old watches tv, why, because the interface is much better? look at the march madness. the amount of people who watched some -- this is what i would call munching rather than bringing works watched the final four on some device, not on their television set, was extraordinary. i mean, you know, so the change is -- this floor doesn't look anything like it used to look like and that's all i'm saying. let's take a look at what this disruption means because it isn't about the cable companies that, by the way, are responsible for most of the networks that we now watch and the proliferation of programming >> you think this means that allison will have to pay more for her cable than if it doesn't go through? >> no, knowing the cable business the way i do, the economics, cable rates will go up whether there's a time warner or comcast deal at all because the programming costs are going up. we're not talking about putting the time warner cable systems in the comcast cable systems. it's g

they missed out on a time warner contest.they're number-one and probably will be this year again. thank you. we're back after this. ♪ >> back in positive territory on the dow right now. three minutes and 40 seconds to go. your top 10, alcoa is trading up half of a percent. the women producer announced first-quarter earnings. >> number nine is activision blizzard cup of up almost two percent, and this news comes after the ceo took a 55 million dollar cut in pay last year. he only got $10 million. that is down from a 65 million he got in 2012. last year was also the first year in which he gained full control. he is essentially paying himself, which is why he decided to pay himself last. >> it make sense. nike is trading about three percent today. receiving an upgrade earlier today. abercrombie & fitch down two percent. the retailer announcing it will pay thousands of dollars to assistant managers due to improperly withheld wages. more are merging to join the lawsuit. >> number six is ebay. shares four percent. march comparable

time warner used to be the same company as time warner cable. content and distribution were one. now that time warner is a different company than time warner cable and there has been a bifurcation between content and distributor -- a few years ago, when they were one company, it they would have been unlikely to do a deal like the amazon deal where they are prodding people away toward getting pay-tv. .> my head hurt i just want to watch tv. >> it is changing so fast. thank you so much for breaking it down. it is not just hbo. you can watch bloomberg tv on amazon fire. president obama just kicked off a three-day visit to japan and a world-famous sushi restaurant. ♪ >> president obama is in japan, the first stop of an eight-day trip designed to underscore america's commitment to the asia-pacific region. megan hughes joins me from washington with more on the travels. the trip began with a world-class sushi. california rolls, i do not think that was on the menu. .et's step back a little bit we are talking about a four country tour. he will be back in

comcast and time warner are making the case for their proposed merger.k is tracking the hearing and has the latest. this deal is proving to be a bit of a tough sell. given the view part on part of senators, they need to represent consumers in the home states. it is clear that comcast executives are on the hot seat. the top executive from time warner -- they are facing tough questions from the committee. we have had questions about whether conservative voices would be lost. the big question has been on the focus of consumers. we have had comcast executives making the case. this is good for consumers, or access to faster broadband, more choices. this is not going to be anti-competitive. here is david cohen. a challenging transaction. our company serves separate and distinct geographic areas. we do not compete for customers anywhere. lead tosaction will not reduction in competition or consumer choice in any market. >> we have also heard from witnesses that said the combined size of the company makes it a behemoth in the business. it will control 40% of the

>> warner: well, judy, it remains the exact same issues.en i sat down, i sort of blogged about this, when i sat down an watched this play, i thought oh my god, nothing has changed. the same issues, the settlers, the occupied territories, whose land it is. but to me what came out of this play s you know, there is always carping about how this american president is handling it or that, or how this israeli-palestinian leader is going to step up to the plate or not. but the play brought out to me was on human terms how alike they are. theyÑ)hp)e both prisoners of their past. they have deep sense of grievance about one another. and about the world and how-- . >> woodruff: you mean began and sadat. >> ands the israelis and palestinians. begun cannot-- began cannot forgive that the world stood by and let -- >> and they don't believe that the united states can ever empathetically understand what it is like to live with a blood feud. and they seem unable to escape theirs. >> woodruff: an much of that is still true today. >> warner: exactly. i that i

before a sometime skeptical senate judiciary committee, comcast and time warner contended their dealter services for their customers. >> there are vast number of competitive choices and that is why the scale that we're trying to get here to stimulate investment, to provide a better experience for consumers, is so important to us and to the american consumer. >> comcast can't have it both ways. it can't say that the exist continues of competition among distributors including time warner cable was a reason to approve the nbc deal in 2010 and then turn around, a few years later and say, that the absence of competition with time warner cable is a reason to approve this deal. >> opponents of the deal say such a large company providing video, internet and content will prevent competitors from entering it these markets prompting price hikes for consumers and greater leverage over content providers. comcast downplayed its influence saying content providers have leverage in negotiations how much money per subscriber their channel gets. the department of justice and federal communications will

he's here to tell you why he thinks the comcast-time warner merger would be a disaster. it seems like there's always something going on over there. this one raises journalistic questions we'll get into. >>> and the search for the malaysian jet liner from china's perspective. they have their own thoughts on the recovery and some conspiracy theories, too. >>> david colbert taking over for david letterman on the late show. he's a likeable guy, so we all want to see him make this work, right? wrong. welcome to 21st century america, or seemingly, anything divided along political lines. my weekly look at stories that get twisted by the partisan media. in this case a lot of conservative media big shots think cbs is showing bias by bringing colbert over from comedy central. see what rush limbaugh had to say on thursday. >> i'll give you the short version. cbs has just declared war on the heartland of america. no longer is comedy going to be a covert assault on traditional american values, conservatives, now it's just wideo out in the open. they've hired a convert to be on a come

comcast is defending its move to acquire time warner cable.g in washington, here is their vice president. >> this is not a challenging transaction from an antitrust perspective. our companies serve separate geographic areas. we do not compete for customers anywhere. the transaction will not lead to any reduction in competition or consumer choice in any market. american consumers will enjoy the same choice among broadband providers before and after this transaction. there are no competition issues in that market either. all, thatetition at is the company line from comcast. the executive vice president reiterated that customers would not be hurt. >> there is nothing in this transaction that would cause anyone's cable bill to go up. i have a nasty little habit of telling the truth, and when i was asked whether people's cave -- cable bills was going to go down i said i could not make that commitment. but between the synergies in this deal and whatever marginal additional leverage we might have in programming and quitman and purchasing, whatever ec

when companies like comcast and time warner cable were founded the term binge watching was unheard of. now it describes how many americans watch their favorite shows. cable companies have moved beyond delivering televisions after the networks provide broadband. they're now the sole source of service for millions of americans, resulting in playing a dominant role in how many people in the country get their information. and consumers deserve to know how the combination of the two largest companies in the industry will impact them. every senator has heard from their constituents saying what is this going to do to me? so we're going to cover the current state of the video and broadband markets. hear discussions of vertical integration, relevant markets, public interest standards, importance issues to consider when analyzing the mergers. co consumers don't want to hear complex legal jargon, they just want to know why their cable bills keep going up. they want to know why they do not have more choice of providers, and consumers want to know, is this merger good for them or not. frankly ever

time warner will not be guaranteeing the debt.een the worst performing -- time has been the worst performing portion of time warner. the competition to create the next hit tv show is heating up. there are a lot of new players in the game. can yahoo! and xbox compete with netflix? why walk when you can run? spritz? when you can a new app that could change the way we read. stay "in the loop." ♪ >> we might see more jobs added in the u.s.. bmw may be expanding further in north america. they're considering building a second factory. chad,'s in berlin, who broke the story for us. what is behind this possible expansion by bmw? about going where the growth is. the u.s. is already bmw's largest market and sales continue to rise for them. sales inn contrast to europe. the european market is starting to come back, but that is after six years of declines industrywide. we are hearing the new factory may build the bmw 3 series. that is the best selling model. that would help them compete against mercedes in the u.s.. mercedes has said they are

you previously mentioned the legendary house armed services chairman, senator warner. sorry? [inaudible] imeant to say senate, and inadvertently couple minute the congresswoman sitting next to you, but i'm sorry, i knew exactly the position you are in it, and senator warner, it is a pleasure to have you. >> i am randall ford with raytheon. general, the marine corps talked about being be first to fight our country's battles on the air, sea, and land. there is a new domain in the 21st entry -- cyberspace. i was wondering if you talk a little bit about how you see cyberspace, the challenges, the opportunities, the threats, and how you see the core responding in a new domain. >> thank you. i am asked that question often, and sometimes it is asked in this venue -- what business do you have in cyberspace? you are such a small mom-and-pop organization. but the answer always evolves are in there we world today. people still argue about -- is cyberspace a domain, what is it? we need to get past that. cyber operations are real, both defense, offense if, even the way we communicate and

>> copps michael copps, you compare with what is going now with comcast merging with time warner. talk specifically about that. that is happening at the same time. >> this is amazing. it all started with the big comcast-nbc merger a few years ago. when they came into the commission and i was there and told me the dimensions and extent of merger, i was just about breath taken away because this was not just a cable company merging with another cable company. this was about broadband as well as broadcast because they are huge provider of broadband. it was about old traditional media and about new media, content, and distribution. it was giving so much power to one specific company. and now they're taking that footprint they got high-paying all of those billions of dollars to buy nbc and are buying of time warner cable, even larger swaths over the united states of america. the way i see the business plan, it is from ration scarcity to make a profit from the scarcity, data caps, having people pay for faster lanes and slower lanes. what i really want people to realize is that this isn't