Topic: Charter Communications

Comcast announced plans to acquire Time Warner Cable, a move that would create a massive gatekeeper for American internet and television services. The merger was triggered after Charter Communications made a competing bid for Time Warner. Concerns are raised regarding the lack of competition in major markets like Austin, where residents are left with few choices beyond AT&T, Google Fiber, and the newly merged cable giant.

Microsoft co-founder Paul Allen is identified as a major beneficiary of the stimulus bill through his stake in Charter Communications. The cable provider's $8 billion debt forgiveness during Chapter 11 bankruptcy is reportedly eligible for tax deferment until 2014 under the new legislation. This is characterized as a significant tax break for the wealthy.