Comcast makes the hard sell for its proposed merger with Time Warner Cable
Comcast, already the largest cable company in the United States, has offered to buy out Time Warner for $45 billion. According to Comcast’s CEO, it’s a ‘pro-competitive’ move.
This is such a miserable idea. Comcast confirms $45 billion merger with Time Warner Cable http://t.co/Q7v9bKXs62
— nilay patel (@reckless) February 13, 2014
It has also led to considerable speculation that the Federal Communications Commission won’t approve the deal. The Los Angeles Times‘ Michael Hiltzik put it rather bluntly: “There’s no way this combination can conceivably be in the public interest.” He goes on to write that the deal “manifestly would be disastrous” for competition in the world of cable TV and Internet service. A combined Comcast and Time Warner would have a user base of about 30 million subscribers, more than six times what each of its nearest competitors, Cox and Charter, have.
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