As if the internet and cable service of these two corporations weren't bad enough already! One can only surmise that the service will we twice as bad if this merger is allowed to go through. Media consolidation continues apace and represents a growing threat to the freedom of information in the United States. I do not imagine that the Democratic and Republican parties, which are effectively nothing more than subsidiaries of these corporations, will do much to prevent the further consolidation and monopolization of media in the United States. From
Reuters:
Comcast Corp's proposed $45.2 billion takeover of Time Warner
Cable Inc could face close scrutiny from U.S. antitrust regulators
because of the deal's potential to reshape the country's pay TV and
broadband markets.
The company resulting
from the merger of the top two U.S. cable service providers would boast a
footprint spanning from New York to Los Angeles, with a near 30 percent
share of the pay TV market as well as a strong position in providing
broadband Internet services.
The
all-stock deal, announced on Thursday, would put Comcast in 19 of the
20 largest U.S. TV markets, and could give it unprecedented leverage in
negotiations with content providers and advertisers.
The situation is bad enough already . . .
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