I'm sure that Comcast is salivating at the thought of picking up TWC. Comcast is not available in several markets where they own NBC O&O's and at the top of my head, they would at least be covering LA (KNBC) and New York (WNBC). Also, if TWC were to include it's regional networks (sports, news) it will fit in nicely with CSN. CSN Los Angeles/CSN New York anyone? (TWC cable does have a stake in SportsNet New York as does Comcast along with the Mets.)
They would really love Comcast to come back to the Metroplex. TWC basically have that state locked, except for Houston, where they use to be.
Hell I wouldn't even mind a compromise in between split of the TWC assets or let Comcast leave some of their coverage areas. Comcast securing the bigger markets (they're already in the Bay Area, Chicago and their flaggy Philly), like the New York/Jersey (to complete the megalopolis strip), Upstate NY, California, Texas Cluster.
If Comcast have to sell some of their clusters, it can give their Atlanta cluster to Cox. It's Cox's home turf. Yeah they own the paper, the radio and Channel 2, but it would make the most sense. And give some of the rest (anything south of DC, the Virginia, Carolina, Tennessee, the Midwest Cluster (except for Ohio, Erie PA & Wisconsin), Colorado, Utah and the Northwest cluster) to Charter. Hopefully that would clear some of the air for any anti-trust issues. But the Texas cluster should be clustered up with Houston. And the NYC/NJ, upstate NY and Maine should be clustered up with the rest of the northeast.
While it would be wise to buy some and divest some, I doubt Charter and Comcast would even think about doing such of a thing. They want everything in one silver platter. And while Charter is still likely the favorite, and yes Comcast is no better than TWC, I would think Comcast has a way better shot of getting TWC. Not just for the regional cable and broadband standpoints, but what have been said with the NBC O&Os in those areas (NY, LA, San Diego & Dallas; Comcast is already six of those markets; Chicago, Philly, DC, Bay Area, Connecticut, & Miami).
This article have the map of both TWC and Comcast maps and their coverage areas.