"Mega Cable" is here, as Charter finalizes purchase of TWC
http://arstechnica.com/information-technology/2016/05/charter-completes-acquisition-of-time-warner-cable-and-bright-house/
Charter has nearly quadrupled in size as a result of the
transactions, going from 6.8 million customers to about 25.4
million in 41 states, second in the US after Comcast's 28
million. The merger drew opposition from some advocacy groups,
including one that took to calling the new Charter "Mega
Cable." The cost of the acquisitions was originally expected
to be about $67.1 billion, though Charter will reportedly end
up paying a bit more than that.
- - -
OK, now let's list all the ways this actually helps cable subscribers
like you and me in what have been Time Warner Cable areas. Ready? OK,
here's the list: All done. Total rot. What will happen is even faster
cable rate increases as Charter exercises its virtual monopoly muscle
in these areas and squeezes subscribers to help pay down all the debt
Charter took on for this fiasco -- including the graft paid to
government officials/politicians to push it through, of course.
--Lauren--
Lauren Weinstein ([email protected]): http://www.vortex.com/lauren
Founder:
- Network Neutrality Squad: http://www.nnsquad.org
- PRIVACY Forum: http://www.vortex.com/privacy-info
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://google.com/+LaurenWeinstein
Twitter: http://twitter.com/laurenweinstein
Tel: +1 (818) 225-2800 / Skype: vortex.com
I have consulted to Google, but I am not currently
doing so -- my opinions expressed here are mine alone.
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