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February 13, 2014

Media Reform Advocates Oppose Comcast-Time Warner Merger 
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The nation's two largest cable providers have announced a merger.
Comcast will buy Time Warner Cable at a cost of more than $45 billion in
stock. The deal comes less than a year after Comcast completed its
acquisition of NBC Universal. The merger still faces approval by
regulators and shareholders. Media reform advocates have expressed
opposition, saying the deal would give Comcast unprecedented control
over the media landscape. In a statement, the group Free Press said: "In
an already uncompetitive market with high prices that keep going up and
up, a merger of the two biggest cable companies should be unthinkable.
This deal would be a disaster for consumers and must be stopped."

 

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