February 13, 2014

Merge of the Titans? Comcast/Time-Warner Deal Called 'Unthinkable' | Common Dreams

Merge of the Titans? Comcast/Time-Warner Deal Called 'Unthinkable' | Common Dreams

"The deal, if approved by regulators, would see Time-Warner, currently the second-largest provider in the U.S., absorbed by its larger rival Comcast in an all-stock agreement. The merger would give Comcast nearly 30 million paying subscribers, roughly a third of the entire U.S. cable market.

Critics, like executive director of the media watchdog group Free Press Craig Aaron, say that though this deal might be good for the corporate titans involved, it will be a disaster for cable customers everywhere."