Comcast Buys Time-Warner Cable for $45 Billion

The merger between the two cable giants is still awaiting government approval.
3:00 | 02/13/14

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Transcript for Comcast Buys Time-Warner Cable for $45 Billion
And big news for millions of Americans watching us right now on cable television there's a made -- merger in the works it could affect your. Monthly bill ABC's Rebecca Jarvis. Has all the details on this 1 good morning about -- -- good morning a lot of people impacted by this this impacts thirty million cable TV subscribers this morning. Comcast announcing that it is buying Time Warner Cable in a 45 billion dollar deal. Comcast and Time Warner on the top two cable companies in the country. Both are fighting to retain subscribers amid fierce competition from companies like Netflix who are now producing their own shows. But consumer advocates are already criticizing the deal this morning one public interest group calls the merger a disaster for consumers. Claiming less competition will only drive up cable bills. But Josh it is not a done deal the merger is going or -- required government approvals you wanna stay tuned.

This transcript has been automatically generated and may not be 100% accurate.

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