Comcast takes FCC to court over ownership rules

Comcast is beginning to feel the pressure of competition from Verizon. Yesterday, the company sued the FCC over a rule enacted in December that bars it from making a major cable acquisition.

The rule stops the cable company from owning more than 30 percent of the nation's pay-TV market. Comcast, the nation's No. 1 cable company, controlled about 27 percent of the market when the rule passed. The company's share of the pay-TV market has shrunk slightly, to 26.2 percent, partly because it has lost customers to competitors.