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Feds delay Comcast deadline

(Bloomberg) Regulators pushed back by three weeks their informal deadline to complete consideration of Comcast Corp.’s proposed $45.2 billion purchase of Time Warner Cable Inc. U.S. officials need time to review in excess of 31,000 documents Time Warner Cable was expected to submit Monday, the Federal Communications Commission said in a notice posted on its website. The three-week delay, to conclude Jan. 12, follows a pause from October to December as the agency awaited documents and heard objections from video providers over the disclosure of confidential contracts. The FCC and the Justice Department are vetting the deal for impact on competition and consumers. The informal 180-day clock used by the FCC to complete merger reviews will have 76 days remaining when the pause ends, implying a new deadline of late March.

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