Sarah McKenzie

Council committee approves Comcast's proposed franchise transfer to GreatLand Communications

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A City Council committee approved a resolution Monday conditionally transferring Comcast’s franchise agreement in Minneapolis to GreatLand Connections — a new company the cable provider has proposed forming as part of acquiring Time Warner Cable.

Comcast’s bid to purchase Time Warner Cable still needs to be approved by federal regulators. It has proposed divesting several million subscribers and transferring them to a new cable provider to keep its share of the country’s pay TV market below 30 percent — a benchmark set in previous cable deals.

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