Wednesday, February 12, 2014

The Octopus

And the big get bigger.

Comcast will announce a deal to acquire Time Warner Cable in an all-stock deal worth more than $45 billion that will unite the biggest and second largest cable television operators in the country, according to people briefed on the matter.

The surprise merger — expected to be announced on Thursday — is likely to bring to an end a protracted takeover battle that a smaller cable rival, Charter Communications, has been waging for Time Warner Cable, and will be the second major deal for Comcast in recent years to radically reshape the American media landscape. ...

Maybe it's time to unlimber the Sherman Anti-Trust Act before our entertainment choices are strangled by One Big Cable Company. But in our current corporatist age, I'm not holding my breath.


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