Stephen Colbert Explains the Cingular/AT&T/BellSouth Merger


So, this explains why we recently got a letter in the mail about our AT&T pension when we, in fact, never worked for AT&T. Thanks, Stephen! —MEGHANN MARCO

[via Gizmodo]

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  1. I am positively wetting myself in anticipation of O’Reilly’s appearance on Colbert’s show. I may even watch O’Reilly that day to see Colbert. Nah.

  2. This is funny, because it’s true.

  3. Gilbert Tang, Jr. says:

    This is bloody brilliant.

  4. JT says:

    The oil companies did the same thing; broken up in the ’80s but then later were allowed to get back together. Exxon/Mobile

    Some how they manage to $$convince$$ FCC dudes that not having to compete is important to the health of the industry and thus better for the consumer.

  5. Cal says:

    > Some how they manage to $$convince$$ FCC
    > dudes that not having to compete is important
    > to the health of the industry and thus better > for the consumer

    The only real competition is in cell service and Internet. Landline long-distance is a dying industry (and can be defeated by dial-arounds anyway… remember the 10-10-321 ads?).

    For cell service, there’s still the same number of competitors as before, Cingular just got brought back into the AT&T fold.

    For Internet there’s no real difference either–it’s still the local monopoly telecom versus the cable companies, and (soon) long-distance WiFi competitors. This doesn’t affect that battle either.

    The only thing I can think of it affecting would be long-distance trunk line market, but I think that’s still vastly over-built and divided (among Sprint, the remnants of MCI, Verizon, etc).

  6. joelion says:

    anyone have a link to the entire segment? It explains the Cramer bit at the beginning, and has a lot of other Cramer-esqe stock tips.