One Carrier to Rule Them All: Why Comcast Wants to Conquer Cable
The Comcast Corp.-Time Warner Cable Inc. (NASDAQ:CMCSA), (NYSE:TWC) merger is one for the record books. Even those with no interest in tech news have heard about the mega-merger that has sparked controversy at every turn; after all, if the cable provider succeeds during Senate hearings and reviews by the FCC and Justice Department, it will have established dominance over 19 of the country’s 20 largest markets, possess about 30 million subscribers, and provide internet to an astounding 40 percent of the U.S. Guess what? That’s a lot of people.
Comcast, for one, is feeling pretty confident about it’s chances of convincing antitrust agencies the merger is harmless. “I have been struck by the absence of rational, knowledgeable voices in this space coming out in opposition or even raising serious questions about the transaction,” Comcast’s CEO David Cohen, told C-Span, per The New York Times.
Over and over again amid the debates, Comcast continues to echo the same mantra: because Comcast and Time Warner’s markets don’t overlap, the merger isn’t anti-competitive, and won’t limit consumer’s choices. Instead, the company touts the merger’s ability to strengthen the quality of the network. “This transaction will create a world-class blue-chip company, committed to innovation,” Cohen said during a conference call earlier this year, according to Politico.