Merger spelling disaster?
Comcast just announced that it’s buying Time Warner Cable. “If approved, this outrageous deal would create a television and Internet colossus like no other,” Freepress.net columnist Craig Aaron wrote yesterday about Comcast’s announcement.
“Comcast is the country’s #1 cable and Internet company and Time Warner Cable is #2. Put them together and you get a single giant controlling a massive share of our nation’s TV and Internet-access markets,” he warned. “(...) Stopping this kind of deal is exactly why we have antitrust laws. After a year of sustained organizing, we convinced the DoJ and the FCC to stop AT&T from gobbling up T-Mobile,” he continued. Craig went on to underline that, “This merger would put more than a third of all cable-TV subscribers in Comcast’s hands and give it control over more than half of the ‘triple-play’ services that combine TV, phone and Internet service. Don’t forget, Comcast already owns NBC, MSNBC, Universal Studios and tons of cable channels. That means that for most of America, Comcast could control even more of what you see and how you see it.
“Putting this much power in the hands of one company is dangerous. This deal would lead to less consumer choice, less diversity and much higher cable bills.”
He ended the article urging readers to “Tell the FCC and the DoJ to stop this merger today. This is a fight we can win.”
—Herald staff with online media