Comcast in deal with Charter as it seeks approval for TWC

Comments (9)
tmc wrote:

This was sooooo predictable. Right out of the play book. First, SpinCo is designed to be loaded up with bad assets like high priced personnel that have the old pension benefits, and facilities that would be duplicates. This appeases the politicians with no job losses until the new SpinCo fails in just a few short years.
Second, notice the deal is on “video customers”. I’m betting that does not include internet customers. Comcast knows the “cable” model is dying a slow death to be replaced by streaming/on-demand. That still requires high speed internet. So they get to keep their fingers deeply in the pie.

Apr 28, 2014 8:37am EDT  --  Report as abuse
Overcast451 wrote:

So much for effective anti-trust laws, huh?

Apr 28, 2014 9:39am EDT  --  Report as abuse
njglea wrote:

What a joke. According to Wikipedia, “Charter Communications is an American company offering cable television, high-speed Internet, and telephone services to more than 27.6 million customers in 31 states.[2][3] By revenues, it is the fourth-largest cable operator in the United States, behind Comcast, Time Warner Cable, and Cox Communications,[4] and by residential subscriber lines it is the tenth largest telephone provider.” This is simply collusion among BIG owners to gain even more power. In a few years they’ll all merge and leave us no choice. It’s undoubtedly ridiculous to imagine that the FCC and Justice department would stop this merger mania that is so destructive for average Americans.

Apr 28, 2014 11:47am EDT  --  Report as abuse
Vertigo wrote:

How appropriate to name this company “SpinCo.” It is precisely that. Spin, Comcast are masters of it.

Rather than make SpinCo a publicly traded company make it a publicly owned company as a first step to consolidating and nationalizing the entire cable industry to operate for the public benefit. Like the Interstates.

Prices will fall, service, speed, and reliability will increase. The present cable-industry model will see to it that the United States remains forever in the internet backwaters among industrialized nations.

Apr 28, 2014 12:32pm EDT  --  Report as abuse
lensmanb wrote:

Charter, which also reported better-than-expected first-quarter revenue, said it expected to fund the purchase of 1.4 million customers through debt.
And who do you suppose will pay off that debt? Better yet, where do you think they will get the money to pay it off?

Apr 28, 2014 12:44pm EDT  --  Report as abuse
GeorgeBMac wrote:

Sounds like both of them will be firming up their regional monopolies — and therefor the American people will pay higher prices for worse service…

These cable companies have it made: The U.S. government protects them while the American people pay exorbitant prices for a very mediocre product.

But, what are you going to do? It used to be just the Republicans pulling those shenanigans. But now the Democrats have joined sides with them.
… We need Hillary in there!

Apr 28, 2014 1:43pm EDT  --  Report as abuse
tmc wrote:

No @GeorgeBMac, she’s a political player. We need Senator Warren in there. She is not a party player.

Apr 28, 2014 1:54pm EDT  --  Report as abuse
Zyrgel wrote:

FCC head, Tim Wheeler, was a LOBBYIST for cable and wireless corporations!
This is like putting the wolf in charge of the hen house!

Apr 28, 2014 2:37pm EDT  --  Report as abuse

There isn’t much time left to make our voices heard!

I signed 5 petitions and sent emails to the FCC, the Department of Justice, and Senator Al Franken:

FCC: Tom.Wheeler@FCC.GOV
DOJ: askdoj@usdoj.gov
Al Franken: send an email though his website, https://www.franken.senate.gov/?p=email_al

The whole process, including signing the 5 petitions, took all of about 20 minutes. One person signing might not make a difference but if 20-30 million people took a few minutes to make themselves heard, the powers that be have to listen.

Based on the comments I’m seeing here and elsewhere, this is something democrats, republicans, and everyone in between all agree on, we hate the idea of making two horrible companies, Comcast and TWC, into an unstoppable monster who can do and charge us anything they want.

Apr 28, 2014 3:14pm EDT  --  Report as abuse
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