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Thu Feb 13, 2014, 06:57 AM

The monopolization continues: Comcast Set to Acquire Time Warner Cable for $45 Billion

Comcast is expected to announce on Thursday an agreement to acquire Time Warner Cable for more than $45 billion in stock, a deal that would combine the biggest and second-biggest cable television operators in the country.

For Comcast, which completed its acquisition of NBC Universal, the television and movie powerhouse, from General Electric less than a year ago, the latest deal would be its second big act to radically reshape the media landscape in the United States. And the merger is almost certain to bring to an end a protracted takeover battle that Charter Communications has been waging for Time Warner Cable.

For Time Warner Cable, the deal provides a neat solution to its problems. It will receive just about the $160-a-share price it said was its true value, and possibly more. It will no longer have to slog ahead with a turnaround plan being run by a new chief executive, Rob Marcus. And it will allow it to become part of the company that is already the dominant force in cable television services.

Despite combining the two largest cable operators in the country, a merger may have little impact on consumers. Comcast and Time Warner Cable compete in very few markets. As a result, few consumers will see their choices of cable operators reduced.

Nonetheless, regulators will surely look carefully at the impact on the deal to consumers, and may also focus on whether the combined company will have additional power in negotiations with cable networks, a recent source of tension in the industry.


http://dealbook.nytimes.com/2014/02/12/comcast-set-to-acquire-time-warner-cable/?_php=true&_type=blogs&nl=todaysheadlines&emc=edit_th_20140213&_r=0

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Reply The monopolization continues: Comcast Set to Acquire Time Warner Cable for $45 Billion (Original post)
liberal N proud Feb 2014 OP
Feral Child Feb 2014 #1
yeoman6987 Feb 2014 #2
ananda Feb 2014 #3
Laelth Feb 2014 #4
LiberalAndProud Feb 2014 #5
ctsnowman Feb 2014 #7
CFLDem Feb 2014 #9
abelenkpe Feb 2014 #10
livingwagenow Feb 2014 #6
TRoN33 Feb 2014 #8

Response to liberal N proud (Original post)

Thu Feb 13, 2014, 07:16 AM

1. K&R n/t

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Response to liberal N proud (Original post)

Thu Feb 13, 2014, 08:07 AM

2. Comcast and Verizon will be the only option soon

I can't blame Comcast for acquiring this company if it was for sale. I have Verizon Fios but have heard a lot of complaints about Comcast. Hopefully they get their act together.

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Response to liberal N proud (Original post)

Thu Feb 13, 2014, 08:09 AM

3. Can this buyout be stopped?

I want to sign some petitions.

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Response to liberal N proud (Original post)

Thu Feb 13, 2014, 08:41 AM

4. Will someone PLEASE just enforce the Sherman Anti-trust act?

Media consolidation has gone too far. It has become a threat to our fundamental, 1st Amendment rights.

-Laelth

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Response to Laelth (Reply #4)

Thu Feb 13, 2014, 08:46 AM

5. We need some trust busters, that's for sure.

Where is FDR when we need him?

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Response to Laelth (Reply #4)

Thu Feb 13, 2014, 08:54 AM

7. X 1000

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Response to Laelth (Reply #4)

Thu Feb 13, 2014, 09:03 AM

9. +1

 

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Response to Laelth (Reply #4)

Thu Feb 13, 2014, 09:05 AM

10. +1000 nt

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Response to liberal N proud (Original post)

Thu Feb 13, 2014, 08:49 AM

6. Sadly, correct. This will create a mega-monolpoly. knr nt

 

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Response to liberal N proud (Original post)

Thu Feb 13, 2014, 09:03 AM

8. Internet neutrality is about...

To take a big hit. Comcast, DirecTV, and Verizon will dominate the cable market and they aren't interested in giving us the most opium option for speed of internet. That is why Vermont is considering to allow people of state to publicly own the internet market.

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