The Comcast/Time Warner Cable deal “can either contribute...
The Comcast/Time Warner Cable deal “can either contribute to the steady decline of African American wealth or be part of the nation’s course for economic recovery,” said the Rainbow PUSH Coalition in a statement Thursday. The coalition commended Comcast for…
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“positive investments” in broadband and minority new media ventures that resulted from the Comcast/NBCUniversal deal. “A deal of this size could generate tremendous value for the economy and citizens seeking a pathway towards economic recovery,” said Rainbow PUSH. If divestiture is a condition of regulatory approval of the Comcast/TWC buy, it should include “a component focused on the creation of new, minority cable operators,” Rainbow PUSH said. “These opportunities for minority ownership can help narrow the disparities that contribute to the wealth gap in African American communities."