June 12th, 2018
Insane, anticompetitive, Soviet-style vertical integration.
So it goes…
Via: Los Angeles Times:
In the aftermath of a federal judgeâ€™s approval Tuesday of the mega-merger between AT&T and Time Warner, youâ€™ll be reading about how this deal will vastly remake the entertainment and information landscape, most likely at consumersâ€™ expense.
That take is absolutely true. Whatâ€™s being overstated, however, is that this deal is unique. Itâ€™s not. Its template was laid out in 2011 by what was then the biggest such â€œverticalâ€� merger in the information and entertainment sectors: Comcastâ€™s $30-billion takeover of NBCUniversal.
That earlier deal united a big Internet service provider with a big purveyor of content. It was pitched as bringing huge benefits to the public â€” improved cable TV and internet technology, more innovative TV programming, lower prices.
Have you seen any of that since 2011? Me neither.
Identical claims for consumer benefits have been made for all the media mega-mergers of the last two decades, encompassing deals involving Walt Disney Co., ABC, Viacom, CBS, Time, Warner Bros., CNN and AOL, among other companies. None of them has come about.
<!– AD CAN GO HERE
END: AD CAN GO HERE –>
Leave a Reply
You must be logged in to post a comment.
Source Article from http://www.cryptogon.com/?p=52963