Comcast Takes Over Time Warner, And The Rich Get Richer

Time Warners 12 million  subscribers will likely join the ranks of Comcast’s 22 million. This means a Comcast will have an audience of  a whopping 34 million.

The merger of Comcast and Time Warner raises the 45.2 billion dollar question: What does this mean for consumers?

Comcast has become known as an aggressive business willing to shell out enormous amounts of money  to grow as a conglomerate. Take their bid to take over Disney with 54 billion dollars as an example. With Comcast’s C.E.O. Brian William’s at the helms, the deal failed, but his ambitions prevailed.

Although William’s says that this deal won’t “[remove] a  competitor from any consumer,” theres’s no denying this merge has created an even larger monopoly. This means Comcast’s share over the market continues to grow, and there’s a less likely chance that smaller providers can compete.

This also leads to the question of rising cable costs, and how much Comcast will control this. Again William’s claims he’s willing to sell off three million customers to even the playing field, but it will still remain the largest cable conglomerate.

Since the FCC is likely to approve the deal, consumers should brace themselves for the media giant to keep getting bigger… along with their pocketbooks.

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