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Comcast Abandons Plan To Buy Disney

HeadlineApr 29, 2004

In business news, cable giant Comcast has abandoned its plans to buy the Walt Disney Company and ABC.. Jeff Chester of the Center for Digital Democracy said “”This is a victory for all Americans who are concerned about the dangers of media consolidation. It wasn’t just the negative response from investors that helped to undermine the proposed deal. There was a strong expression of opposition from citizen groups, unions, cable subscribers and many others.”

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