– Comcast today announced plans to buy Time Warner Cable in a $45.2 billion-dollar deal that would combine the country’s two biggest cable companies.

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The following statement can be attributed to , Senior Policy Counsel for the Open Technology Institute at New America:
 

“At a time when cable companies already serve as gatekeepers in the delivery of a number of communications services, this merger represents an unprecedented move to consolidate market power even further. A Comcast-Time Warner Cable merger will mean fewer competitive incentives to invest in network infrastructure, and will likely lead to higher prices and less innovation. We’ve seen these trends already, and dramatic increases in market power will only exacerbate them.

 

Comcast already serves nearly a quarter of the total broadband market in the U.S. If the merger is approved, the combined corporation – even with proposed divestitures – would control at least a third of all broadband connections and would be over six times the size of the next largest cable company. Other competitive options like Verizon FiOS and Google Fiber serve only a fraction of U.S. households, by comparison.

 

The federal agencies reviewing this merger must not ignore the public interest harms this merger would cause. The only way to ensure that the best interests of the general public are protected is to stop this merger in its tracks.”

 
The following statement can be attributed to Sascha Meinrath, New America Vice President and Director of the Open Technology Institute at New America:
 

“The prospect of a merger between Comcast and Time Warner Cable raises immense concerns about concentrated power in an already highly-consolidated market. Comcast is a vertically-integrated communications industry Goliath that not only controls access to Internet service, cable television service, and bundled triple-play packages, but also – through Comcast’s earlier merger with NBC- Universal – controls access to a massive content stream of its own.

 

Allowing Comcast and Time Warner Cable to merge would seriously threaten any meaningful possibility for a competitive cable market, further empowering an ever-growing corporate giant that already has monopoly power in communities throughout the United States. The harm this merger would cause – through lack of meaningful competition, further erosion of independent broadband measurement efforts, and the undermining of communications access initiatives in communities across the U.S. – cannot be overstated.”

 
The following statement can be attributed to Barry Lynn, Director of the Markets, Enterprise, and Resiliency Program at New America:
 

“The American people have a fundamental right to completely open and unmediated access to news, information, and entertainment. The present degree of vertical and horizontal concentration in this industry is already unacceptable, and violates basic balances in place since the founding of our republic. This proposed merger will only worsen this situation and therefore must be rejected.”

News Source : – Comcast today announced plans to buy Time Warner Cable in a $45.2 billion-dollar deal that would combine the country’s two biggest cable companies.

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