The commission and the companies settled on a series of conditions aimed at addressing competitive concerns raised by the merger. That agreement also could set an important precedent for how the government will oversee the development of new Web services like high-speed access and interactive television still in their infancy.Will be interesting to see just how this pans out as far as competition goes, but I'm not holding my breath.
The commission voted 5-0 to approve the deal, even though some members had earlier expressed concerns about its competitive impact on consumers. Details of the agreement were not immediately available, but the FTC scheduled an afternoon news conference to discuss the settlement.
To assuage wary regulators, Time Warner had agreed to give consumers a choice of Internet providers, besides AOL, on its high-speed Web access delivered over its cable lines.