Comcast released its quarterly earnings report and the timing couldn’t be better, with the FCC set to vote on Chairman Tom Wheeler’s net neutrality proposal later this week. [More]
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52 Ill-Informed Mayors Agree: The Comcast/TWC Merger Is Greatest Thing Ever
The gleaming USB drive that is Comcast HQ towers above the rest of the skyline here in Philadelphia, and the company is set to build another gleaming spire as a monument to its greatness right across the street. Just a few blocks away from the nation’s largest cable and Internet provider sits Mayor Michael “Why do people always laugh at my last name?” Nutter, who recently rounded up a bunch of other mayors to tell the FCC how awesome Comcast’s merger with Time Warner Cable would be. Of course, missing from that list of mayors were the leaders of New York City and Los Angeles, the two cities that would be most affected by the deal. [More]
Comcast Deal With Charter Isn’t About Improving Competition; It’s About Carving Up Marketplace
Earlier today, Comcast, Time Warner Cable and Charter Communications finally confirmed reports that the three would be playing swap-the-subscribers in an effort to make the unappetizing Comcast/TWC merger slightly less sickening. But while Comcast wants consumers and regulators to believe this sacrificial offering is about keeping the marketplace competitive, it’s really just an easy way for the players to rearrange their customers for better regional monopolies. [More]
Comcast Agrees To Buy Time Warner Cable For $45 Billion
A month after Time Warner Cable laughed off Charter’s $37 billion merger offer, the cable company has reached a $45 billion deal with Comcast that would make its nearly 15 million customers permanent citizens of Kabletown. [More]