Comcast Takes 30% Market Cap to Court

More than one-quarter of all cable customers in the U.S. have Comcast, but the country’s largest operator wants that fraction to grow.

Comcast will challenge an FCC ruling next month – April 24 – before judges on the U.S. Court of Appeals in Washington, D.C. That ruling caps at 30 percent the amount of the national cable market any one company can control. Comcast currently has 27 percent of the market.

The cable operator says the FCC’s decision was arbitrary. Comcast thinks the FCC under the Bush administration showed favoritism toward telcos in expansion efforts.

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