NBC – Comcast merger leaves us out in the cold, again
It seems to me that every merger should be looked at through the lens of the middle class. Is this merger good for the middle class? I just don’t think that the answer is yes. I think that this limits choices and will lead to increased consolidation and increased prices.
From HuffPo:
Today, the Federal Communications Commissionblessed the merger of Comcast, the nation’s largest cable and residential Internet provider, with NBC-Universal. The Justice Department immediately followed suit, removing the last obstacle to the unprecedented consolidation of media and Internet power in the hands of one company. (FCC press release here)
You should be afraid and mad as hell.
The new Comcast will control an obscene number of media outlets, including the NBC broadcast network, numerous cable channels, two dozen local NBC and Telemundo stations, movie studios, online video portals, and the physical network that distributes that media content to millions of Americans through Internet and cable connections.
Comcast CEO Brian Roberts called it “a proud and exciting day for Comcast,” and showered Obama’s FCC and DoJ with praise. (more…)