From World Socialist Web Site - February 19
Last week Comcast, the largest US cable television and broadband provider, announced that it would merge with Time Warner Cable, taking over the second-largest US cable company for $45 billion. The merger would create a vast monopoly that would control over one third of the cable television and broadband Internet markets in the United States.
The merger is yet another expression of the growing control of enormous corporations over ever-greater sections of media, communications, and economic life, and the effective abandonment of anti-trust regulation by the US government.
The company that would result from the proposed merger would have almost twice as many broadband Internet subscribers as its closest competitor, and would have some 32 million customers, according to figures by the Leichtman Research Group. Its two closest competitors, AT&T and Verizon, have 16 million and 9 million customers, respectively.