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Time Warner Sells Telecom Business to Level 3

Posted by Unknown on from the lose-an-arm-gain-nationwide-monopoly dept.

gavron (1300111) writes "We all know about TW Cable being acquired by Comcast (subject to regulatory approval) but news from today is that their non-cable business is being purchased by Level3 for almost 6 billion dollars.

What used to be the 'largest media and distribution company ever' (AOL Time Warner) is now nothing more than a garage of pieces being parceled off to the first available bidder. This might be good for consumers, but recently Time Warner (and Comcast) won awards for consumer hatred."

1 of 38 comments (clear)

  1. Free market always wins by rodrigoandrade · · Score: 1, Insightful

    No matter how much government tries to regulate something, no matter how much money is poured into lobbying, the free market forces always win.

    Good riddance, I say.

    Friedman, Hayek, and Mises were right all along!! :-)