The Comcast Deal Won't Make a Terrible Industry Any WorseBy
There is some pleasure in reading telecom merger press releases—each one is a study in protesting too much. I count five mentions of the word “competitive” in Comcast’s announcement that it would merge with Time Warner Cable, four mentions of “consumer,” and eight of “innovate.” The announcement, like all such announcements, is a not very subtly coded plea to the Justice Department and the Federal Communications Commission. The merger will not harm competition, Comcast is saying. It will not harm consumers nor halt innovation.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.