Comcast just can’t seem to get enough. With ownership of NBC Universal already, and an unethical way of doing business with its customers, they plan to continue to expand. On Thursday, Time Warner Cable Company and Comcast announced their plan of merging, and basically taking over the industry. The two companies are the biggest players in the industry. This means, the two will definitely play monopoly as they dominate our freedom of providers to choose from. Comcast’s number of subscribers is expected to go up by 11 million.
The deal between the two is said to be a trade of 284.9 million cable shares from Time Warner for about 45.2 billion dollars worth of equity value from Comcast. The transaction is expected to generate 1.5 billion dollars from savings in operational costs. According to the two, "this transaction will create a leading technology and innovation company, differentiated by its ability to deliver ground-breaking products on a superior network while leveraging a national platform to create operating efficiencies and economies of scale.”
Comcast and Time Warner say this will not only benefit them but the public as well, as it’s a “pro-consumer, pro-competitive” deal. Whether or not they are being rational and considerate, we will have to wait to find out. However, they are promising better products with advancement in innovation. The future of cable is being taken over by Comcast.