As most people know, for the past several months, the cable company Comcast has been attempting to purchase Time Warner Cable. Doing so would increase Comcast subscription numbers by 50%, and also narrow down what few cable options you have. Comcast has argued that its purchase would not limit cable options since Comcast and TWC provide services in different places. However, it does not seem so with this latest move. It sounds horrific that Comcast is going to simply trade consumers with another firm. I think this really shows the signs that Comcast has obtained or already had a monopoly over digital cable.
http://www.reuters.com/article/2014/04/28/us-charter-communi-comcast-idUSBREA3R0N620140428
2 comments:
They should not be able to merge because even though they are in different locations, it could still affect prices and how many consumers the companies have overall. I think it would really hurt consumers if they were allowed to do so.
For growth investors, the prospects of this merger create significant upside for the Comcast investment. The investment club holds some shares of Comcast. It might be smart to hold onto the investment for the long run.
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