By now, you’ve all heard about it. Comcast is “merging” with Time Warner Cable (“merging” is what they call it when they buy the other company with Comcast stock instead of Comcast’s cash). The deal is reportedly valued around $45 billion, and the deal is expected to be complete by the end of the year.
Given the immense publicity of the merger in the 12 hours since the news was reported, the FCC’s review will need to seem competent. Comcast will make the same arguments: economies of scale, increased competition, and financial savings, etc. Yet just like their promise to be at your house between 8 and noon, you should be very skeptical.
If allowed, the Comcast-TWC Merger will have considerable consequences you won’t find in Comcast’s press release. Here are 4 Reasons the Comcast-TWC Merger is Bad for Everyone.
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