Consumer groups dance on the grave of Comcast-TW deal
Consumer groups are cheering the news that Comcast abandoned its proposed US$45 billion acquisition of fellow cable and broadband provider Time Warner Cable, saying it’s good for customers and demonstrates the power of Internet activism.Comcast’s decision, announced Friday, would have taken away a major cable and broadband provider in the U.S., critics of the deal argued.“The only competition consumers would have had in their living rooms if this mega-merger had gone forward would be who handles the remote control,” Senator Edward Markey, a Massachusetts Democrat, said in a statement. “Combining Comcast and Time Warner Cable would have created a corporate colossi, hampering consumer choice, competition and innovation in both the broadband and pay TV marketplace.”To read this article in full or to leave a comment, please click here