Editor’s note: This article was originally published March 26, 2014
A majority of Americans believe the proposed merger of cable giants Comcast and Time Warner Cable will be bad for consumers, according to a new poll.
The Reuters/Ipsos poll, released Wednesday, shows 52 percent of respondents said the deal would lead to less competition, which could potentially cause prices to rise, among other consequences.
The percentage of Americans against the $45 billion deal was much higher among college graduates, Reuters said, hitting 62 percent. That compares to just 42 percent of people who completed high school but had no post-secondary education.
"These types of mergers give people pause," Ipsos representative Julia Clark told Reuters. "They make them a little bit nervous about how it will affect them as consumers."
But Comcast and Time Warner Cable representatives both told Reuters the merger would lead to more choices for consumers, innovative new services and lower costs.
The deal, which would give Comcast a roughly 30 percent share of U.S. cable subscribers, must be approved by federal regulators before it can be consummated.