No one can exactly accuse the editors of The Economist of being wild-eyed populists or enemies of capitalism, which is why it’s noteworthy that the magazine has taken a pretty strong stance against the proposed merger of Comcast and Time Warner Cable. In a leading editorial arguing against the merger, The Economist says that combining the two companies would create “a Goliath far more fearsome than the latest ride at the Universal Studios theme park” that would have entirely too much control over broadband infrastructure in the United States. “If the takeover is approved, Comcast would control 20 of the top 25 cable markets, according to MoffettNathanson, a research firm,” The Economist writes. “Antitrust officials will need to consider Comcast’s
Comcast-TWC merger would create a ‘fearsome Goliath,’ should be shot down
18
Mar
2014
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