Comcast Swallows Time Warner…You Get IndigestionPosted: February 13, 2014
With the announcement that Comcast is grabbing Time Warner Cable for 45 billion…with a b….dollars, a lot has been said already about how little choice that will leave for cable TV. To the companies, that’s probably not the big picture, and it shouldn’t be for you, either. Together, the combined company will control half the video-voice-internet service in the US…and will be the biggest provider outside of China.
The spin is, Comcast says you have many other choices for content…and while there’s truth to that, the real issue…and where they make real money…is broadband. Only the cable company and the phone company have pipes into your home or office. You can’t get broadband over satellite! It may not be a monopoly, but it’s the biggest duopoly in the country, and guess who will be paying higher fees for it? That’s right, you will. Right now, the US is not even in the top 30 worldwide in download speeds, either. Think that will improve? Think again.