text: Representatives from Comcast and Time Warner Cable will meet with US Department of Justice officials to discuss concerns raised by their planned $45billion merger, according to reports. The meeting next Wednesday would aim to negotiate possible . concessions addressing competition concerns created by the combination of the two cable giants, . Staffers at both the Justice Department and the Federal . Communications Commission remain concerned the combined company . would have too much power in the Internet broadband market. Reps from Comcast and Time Warner Cable plan to meet with US Department of Justice officials on Wednesday . There are also concerns the merged company and would have unfair competitive leverage against TV channel owners and businesses offering online video programming. The proposed meeting will be the first time the cable companies have met with regulators since announcing their proposed . deal a year ago, the Wall Street Journal reported on Saturday. Representatives of the two companies and the Justice . Department did not immediately respond to Reuters' requests for . comment on the Journal report, which cited people familiar with the matter. News of the planned meeting followed a report by Bloomberg . on Friday that staff attorneys at the Justice Department's . antitrust division were nearing a recommendation to block the . deal. A spokesman for Time Warner Cable questioned the Bloomberg . report, saying on Friday the company had been working . productively with both the DOJ and the FCC. The meeting would aim to negotiate concessions related to antitrust concerns over their planned merger . A source close to Comcast said on Friday that discussions . with the DOJ had been positive and that the FCC was still gathering material . from companies, making it early for any discussion of conditions . for a deal. The Bloomberg report said Justice Department attorneys were . citing concerns for consumers as they lean against it and their . review could be handed in as soon as next week. A final decision . would be made by senior officials. Time Warner Cable shares closed down 5.4 per cent at $149.61 . on the New York Stock Exchange on Friday, while Comcast shares . ended down 2.1 per cent at $58.42 on Nasdaq. In its report on Saturday, the Journal said the DOJ and the FCC were nearing the final stages of . scrutinizing the deal. Discussions on potential remedies to . concerns would be an indication that the two agencies had not . yet made a firm or final decision on the merger, the paper said. But it added the meeting could be the first of many and said . it was not clear whether the companies could offer concessions . that would satisfy the regulators.
target: Reps from both cable giants will meet with DOJ officials on Wednesday .
  First meeting companies had with regulators since announcing proposal .
  Earlier reports said DOJ antitrust attorneys wanted to block the merger .
  Officials fear the new company would dominate internet broadband market .
  Time Warner shares closed Friday at $149.61 while Comcast was at $58.42 .