Moffett also predicted that the proceeding, even if it causes the DoJ to end broadband capping policies, could be bad for OTT video wannabees, as it "is likely to slow the pace of innovation and reinforce the closed nature of the cable infrastructure," and actually hinder the likes of Apple Inc. (Nasdaq: AAPL) or Google (Nasdaq: GOOG) from getting access to cable video feeds. Netflix Inc. (Nasdaq: NFLX) has been vocal about how caps discriminate OTT services, but Moffett believes that if a shift toward more usage-based billing by ISPs could be more damaging to the video streamer: "Be careful what you wish for," he warned. (See Netflix Cranks Up the Net Neutrality Heat .)
But the path isn't entirely clear. Knology shareholder Sheila Lewis is suing Knology, claiming that the deal undervalues the company, reports Bloomberg, noting that WOW's bid was 34 percent more than Knology's average three-month closing price before The Wall Street Journal reported on February 28 that the companies were in merger talks.
— Jeff Baumgartner, Site Editor, Light Reading Cable