Nightmare: Comcast to Acquire Time Warner Cable

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 . . .

Source:http://blog.agupieware.com/2014/02/nightmare-comcast-to-acquire-time.html