US to examine AT&T deal to buy Time Warner
Source: BBC News
US to examine AT&T deal to buy Time Warner
8 hours ago
US lawmakers and both presidential candidates have raised questions about AT&T's deal to buy Time Warner.
The US telecoms giant, already the country's third largest cable provider, is paying $85.4bn (£70bn) for the company, which owns CNN and HBO.
A Senate subcommittee responsible for competition will hold a hearing in November.
However, AT&T's chief executive Randall Stephenson believes regulators will approve the deal.
Read more: http://www.bbc.com/news/business-37747358
Sherman A1
(38,958 posts)to contact their Senators and share their feelings with them regarding this proposed merger.
DK504
(3,847 posts)I am going to writing my über RWNJ elected officals in DC. I know they won't open one email, but I sure as shit can annoy the hell out of them.
Bury them in emails, they may get the message.
Ohioblue22
(1,430 posts)Better pricing or better service just buy up the competition
Dustlawyer
(10,493 posts)This is true for many industries today. The SEC and the FCC are rubber stamps because of the revolving door in Washington. Media and banking are two others where mergers and acquisitions have created near monopolies and taken away consumer choice.
turbinetree
(24,632 posts)Last edited Mon Oct 24, 2016, 08:44 AM - Edit history (1)
oligarchies have said its about synergy, and market capitalization of the product.
Code words to raise the price of the product to the consumer because Wall Street and the stakeholders want to maximize the shareholder value and then everyone is sold it's better for the economy and free trade------------------------right
History----HBO was priced in the late 1970's on your cable provider at $4.00 per month through Time Warner
Now you get a one time $25.00 credit card to have it joined on your $125.00 service provider like Directv, and Dish is $50 one time credit card -----------------so do the math. Out of programming you have at least 60 programs selling you a church or pots and pans, or how to flip a house, or cooking, or to watch some tycoon take his classic and spend thousands.
While Free Speech TV, Vice, Pivot, PBS ( bastardized by republicans starting in the 1980's, because they said it was left wing pinko programming, and then out of the blue, corporations from the right started supporting it Like Art Pope and Koch's).
While young woman are being thrown to ground in North Dakota by a Wisconsin sheriff protesting the desecration of the sacred land and the water they need to live off of and everyone else down stream
syn·er·gy
ˈsinərjē/Submit
noun
the interaction or cooperation of two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects.
"the synergy between artist and record company"
synonyms: cooperative interaction, cooperation, combined effort, give and take
"there's no synergy between the two, so no costs are saved"
http://www.investopedia.com/terms/m/marketcapitalization.asp
"What is 'Market Capitalization'
Market capitalization refers the total dollar market value of a company's outstanding shares. Commonly referred to as "market cap," it is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to using sales or total asset figures."
So the slight of hand begins, on how many shares are created, instead of using sales and total asset figures
To bad the justice department and the other agencies would reinstate the Sherman Anti Trust Act, that Ronnie ray gun eviscerated
https://quizlet.com/1677721/apush-ch24-flash-cards/
https://quizlet.com/111672811/sherman-antitrust-act-flash-cards/
cstanleytech
(26,087 posts)but I am willing to bet more jobs have been lost by the varies mergers that created these megabanks in the first place so their excuse over why it would be a bad idea to break the banks up is imo complete bullshit.
onenote
(42,383 posts)Your History----HBO was priced in the late 1970's on your cable provider at $4.00 per month through Time Warner
Now you get a one time $25.00 credit card to have it joined on your $125.00 service provider like Directv, and Dish is $50 one time credit card -----------------so do the math. Out of programming you have at least 60 programs selling you a church or pots and pans, or how to flip a house, or cooking, or to watch some tycoon take his classic and spend thousands."
Actual History: Time Warner Inc. didn't exist until 1990. Time Warner Cable didn't exist until 1992. In September 1972, HBO had all of 8000 customers on 14 systems (obviously none owned by Time Warner) in Pennsylvania. For the most part, it was sold for $6.00 a month. By 1975, it had grown to 100,000 subscribers. It's boom years occurred in the 1980s when it grew to have millions of subscribers, typically for around $8 per month.
Today, my cable system offers HBO (multiple channels of it, not just one as was the case back in the day) for $10 -- a recent price drop from $16.00. That rate looks pretty good -- by comparison, the rate of $6.00 in 1972 is the equivalent of more than $34 a month today. When you consider that the price of going to a movie these days is approaching $10, HBO looks like a good deal, especially if you like their original content.
As for the fact that to get HBO you have to purchase a basic cable package first, that's something that Congress, with a push from the broadcast industry has forced on cable. However, Congress also requires that cable operators allow customer to buy a premium channel like HBO without first purchasing any other optional tiers of service above the lowest priced "basic" tier.
turbinetree
(24,632 posts)this was when the box issue for service was under review.
I remember it was about the cable being provided and who was going to pay for it, and so to get people to buy "cable" they were offering HBO, thru Sumner Redstone conglomerate empire in the 1970s.
Thank you for the clarification
dalton99
(781 posts)That and fewer workers.
time one gigantoCorp runs the world, most of you will be dead. But it will happen. Trust me.
cstanleytech
(26,087 posts)they are far more likely to rubber stamp this than they are to oppose it.
ChazInAz
(2,536 posts)We broke up Ma Bell once, looks like we need to do it again.