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.
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.