The piece below gives you the basics of the failed Comcast / Time Warner merger. It also gives at least one reason that the failure is good for American consumers, namely that the merger would have given the combined company enormous market power, power that could be used to keep prices high and service poor. In other words, this is a win for good, basic capitalism. >>>
Take a deep breath, America. You’ve dodged quite a bullet.
Thursday’s news that Comcast planned to withdraw from its $45-billion deal to buy Time Warner Cable was meet with a combination of relief and rejoicing from just about everybody…..