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BUSINESS: CORPORATIONS: NAMED CORPORATIONS: COMCAST, TIME WARNER :
BUSINESS: ACQUISITIONS MERGERS:
Yes, the Comcast-Time Warner Deal Collapsed,
But Big Cable Still Has Plenty of Friends in Washington
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Yes, the Comcast-Time Warner Deal Collapsed,
But Big Cable Still Has Plenty of Friends in Washington
Why does Congress insist on standing up for business instead of consumers?
By Michael Copps April 28, 2015
Michael Copps is a former commissioner of the Federal Communications
Commission. He currently serves as the special adviser to the Media &
Democracy Reform Initiative at Common Cause.
Washington Post
http://www.washingtonpost.com/posteverything/wp/2015/04/28/
yes-the-comcast-time-warner-deal-collapsed-but-big-cable-
still-has-plenty-of-friends-in-washington/
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A shorter URL for the above link:
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http://tinyurl.com/qfef98n
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A funny thing happened on Comcasts path to becoming the de facto national
cable monopolist. Following multiple reports that regulators at the
Department of Justice and the Federal Communications Commission (FCC) were
poised to block its proposed acquisition of Time Warner Cable (TWC),
Comcast conceded defeat and abandoned the $45 billion deal.
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This is a huge victory for consumers. Ive maintained since the day the
proposed deal was announced that combining Americas two largest cable
providers would have been an anti-competitive, anti-consumer and
anti-democracy. Despite my concerns, most industry watchers anticipated
the FCC would allow the merger.
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Why? Because too often, Big Cable and Big Telecom call their own shots.
They donate heavily to politicians in both parties, and the FCC has
historically done their bidding.
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I was there for one of the agencys worst decisions: its 2011 approval of
Comcasts takeover of NBC-Universal, the precursor to the Comcast-TWC
proposal. In casting the lone FCC vote against that deal, I concluded that
the merger of broadcast and broadband, medium and message, content and
distribution was simply too much, too big, too powerful and too lacking in
benefits for American consumers and citizens.
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Apparently the staffs at both the FCC and the Department of Justice were
disappointed with Comcasts spotty compliance with the conditions it agreed
to on the NBCU transaction. They surely must have asked themselves why
they should trust Comcast now when a Comcast-TWC merger would only make a
bad situation even worse.
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://workface.com/e/daviddillard
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