Time Warner Cable Customers Beg Regulators To Block Sale To Comcast
An anonymous reader sends this report from Ars Technica:
New York is shaping up as a major battleground for Comcast's proposed acquisition of Time Warner Cable. While the $45.2 billion merger will be scrutinized by federal officials, it also needs approval at the state level. TWC has 2.2 million cable TV, Internet, and phone customers in 1,150 New York communities, and hundreds of them have called on the New York Public Service Commission to block the sale to Comcast. Comcast doesn't compete against TWC for subscribers, and its territory in New York is limited but includes a VoIP phone service offered to residential and business customers in 10 communities. "Both Time Warner Cable and Comcast already have monopolies in each and every territory in which they do business today, and combining the companies will reinforce those individual territorial monopolies under a single corporate umbrella, with NBC-Universal thrown in to boot," resident Frank Brice argued in a comment to the PSC posted yesterday.
Customers: Please don't!
FTC: Hmm, the customers seem vocal about this one.
Time Warner/Comcast to FTC: Don't you dare...
FTC: We'll need to study the issue.
(One U.S. election cycle passes)
New FTC Head: What's good for Time Warner/Comcast is good for America! Full steam ahead, job-producers!
The deal will indeed be scrutinized by federal officials, to ensure that campaign contributions are large enough.
Considering the whole Janet Jackson issue was due to 1(one) letter, maybe they will
The Kruger Dunning explains most post on
As a slight point of clarification, one member of the public was granted time during the hearing to speak, and said person pre-request it and was asked to submit their script for review. It was not a "we will now open the floor" situation.
Thirty four characters live here.
Free market capitalism is very beneficial to the consumers...when there is open competition. .
When did the free market have anything to do with the telecommunications industry? At least in the United States, it has been a regulated industry for as long as anyone alive can remember. I really wonder why we've let companies with a government created monopoly in one area (local cable monopolies) leverage that monopoly to improve their business position in another area (content creation).
no, we just need regulatory bodies that have some teeth and backbone enough to say no to lobbyists and bribes. If a company achieves monopoly status, break them up.
This HAS happened in the past, and all the laws to do it are on still on the books. The only reason it doesn't happen is dick douches like Wheeler get spun around the revolving door of government and corporate America.