Comcast and Time Warner Call Off Their Engagement ⇥ bloomberg.com

Alex Sherman, Bloomberg:

This week, U.S. Federal Communications Commission staff joined lawyers at the Justice Department in opposing the planned transaction. FCC officials told the two biggest U.S. cable companies on Wednesday that they are leaning toward concluding the merger doesn’t help consumers, a person with knowledge of the matter said.

Bloomberg’s source says that the decision should be announced tomorrow, but this is Comcast, so it could be next Tuesday for all they care.