Mar 15, 2014
The Making of a Monster Merger: Comcast-TWC Edition
Posted on Feb 13, 2014
Comcast has proposed a $45.2 billion takeover of Time Warner Cable that could create a corporate beast of disastrous proportions. The deal would grant Comcast, which already owns NBC Universal, domain over the data delivered to a near majority of homes in the U.S. via cable and Internet services. Netflix CEO Reed Hastings has already thrown down the gauntlet with Comcast over net neutrality concerns.
Craig Aaron, president of the online rights lobby group Free Press, gave a grim forecast about the Comcast-TWC deal to The Guardian on Thursday:
Of course, the heads of both companies characterized the deal as “pro-consumer” on a call to journalists that day.
—Posted by Donald Kaufman
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