Consolidation at the End of the World

February 13, 2014 § Leave a comment

In a bold move, Comcast is acquiring Time Warner Cable, according to a Variety report.

Notably, Comcast will gain a big presence in the nation’s top two TV markets New York and Los Angeles. In L.A., it also inherits Time Warner Cable’s megabucks bets on two startup regional spots [sic] networks dedicated to the Los Angeles Lakers and Los Angeles Dodgers, respectively.

All told, Comcast will have presence in 19 of the nation’s top 20 markets. Execs from both camps will work together to determine which markets will be divested but none have been identified yet.

Naturally, media watchdog groups are crying “Monopoly!” and regulatory agencies are no doubt waiting to pounce – and who can blame them?  But in the end, in a world where the internet makes cable TV completely unnecessary for consumers (me, for instance) this merger will simply help Time Warner survive.

 

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