Comcast announced on Thursday an agreement to acquire Time Warner Cable for more than $45 billion in stock, a deal that would combine the biggest and second-biggest cable television operators in the country.Ha ha sure. It's only a third of the market. No biggie! REGULATION SCHMEGULATION, is what I say!
For Comcast, which completed its acquisition of NBC Universal, the television and movie powerhouse, from General Electric less than a year ago, the latest deal would be its second big act to radically reshape the media landscape in the United States.
...In a bid to appease antitrust regulators, Comcast is expected say it is willing to divest three million of Time Warner Cable's roughly 11 million pay television subscribers.
It was not immediately clear if Comcast would propose certain markets to divest, but shedding those subscribers should keep Comcast with less than 30 percent national market share for pay television, a level the company believes will satisfy antitrust regulators.
Posted by Melissa McEwan at Thursday, February 13, 2014
Hey, remember when we used to have laws against monopolies?