Rarely have we seen a pair of videos that so powerfully demonstrate the terrible harm that comes from unchecked media consolidation and concentration in our country, a highly destructive trend that has been continuing unabated for years, resulting in fewer journalists, fewer newsrooms, and fewer local owners.
Tag: Media Consolidation
Posted inBreaking News, Media & Culture
Comcast plans to acquire Time Warner Cable for $44 billion; FCC and DOJ should veto deal
Media and telecommunications conglomerate Comcast, the nation’s largest provider of cable television and the owner of NBC Universal, has just announced it has agreed to acquire the nation’s second largest cable television provider, Time Warner Cable, in a $44 billion plus all-stock megadeal. Bloomberg reports: Comcast is paying about $159 a share in the transaction, […]