Free Press Builds Upon Mountain of Evidence Against Proposed Comcast-Time Warner Cable Merger
In a filing to the Federal Communications Commission, Free Press defended its petition to deny the proposed merger of Comcast and Time Warner Cable, building upon the mountain of evidence already amassed against the proposed $45 billion merger.
Free Press' filing urges the agency to reject the proposed merger for three primary reasons:
1) It would lead to no merger-specific benefits but ample transaction-specific harms;
2) It would occur in a market already trending towards a nationwide cable monopoly; and
3) It would give Comcast the market power and incentive to discriminate against and control the emerging high-speed online services market
One company controlling that much of the telecom-capable infrastructure, but refusing to sell telecommunications services, would mean future innovators could not build the next interconnected network of computers.
[Dec 23]
Free Press Builds Upon Mountain of Evidence Against Proposed Comcast-Time Warner Cable Merger