The maligned merger between Charter Communications, Time Warner Cable, and Bright House Networks is complete, which means the three companies have now become the country’s second-largest cable provider, despite months of warnings from consumer and open internet advocates who assailed it as the creation of a ‘price-gouging’ monster. Charter ultimately paid $55 million to purchase Time Warner Cable and $10.4 billion for …
Who Supports Comcast-Time Warner Merger? Follow the Money
With cable giant Comcast still hoping to receive a federal blessing for its bid to acquire Time Warner Cable, currently its largest rival, the lobbying blitz is in full swing to sway lawmakers and federal regulators that the mega-merger will not, as critics charge, negatively impact consumers by further monopolizing an already highly-concentrated sector. Known for having one of the …
Capitalism was supposed to reduce red tape. Why is bureaucracy worse than ever?
Last month, I became a customer of Time Warner Cable, New York’s favorite quasi-monopolistic provider of patchy broadband that’s worse than the internet in Bucharest. Given the firm’s reputation, I was genuinely surprised at how smoothly it all went, up to the point at which I’d entered my debit card details. (I know, I know; in hindsight it seems so obvious.) Then the …