Comcast

Comcast Corp. will invest hundreds of millions of dollars in California and Florida theme parks, stepping outside its core business of telecommunications in an effort to boost revenue and profits.

Consumer advocates are worried the pending deal between the nation's top two cable TV companies could lead to higher cable rates and poor service for consumers in New Jersey.

Comcast Corp. has agreed to buy Time Warner Cable Inc. for $45.2 billion in stock, or $158.82 per share, two people familiar with the matter said late Wednesday.