Comcastrophe: Comcast/NBC Merger Approved

[Joanne98]

Yesterday, the Federal Communications Commission blessed the merger of Comcast, the nation's largest cable and residential Internet provider, with NBC-Universal. The Justice Department immediately followed suit, removing the last obstacle to the unprecedented consolidation of media and Internet power in the hands of one company. (FCC press release here)

You should be afraid and mad as hell.

The new Comcast will control an obscene number of media outlets, including the NBC broadcast network, numerous cable channels, two dozen local NBC and Telemundo stations, movie studios, online video portals, and the physical network that distributes that media content to millions of Americans through Internet and cable connections.

Comcast CEO Brian Roberts called it "a proud and exciting day for Comcast," and showered Obama's FCC and DoJ with praise.

Culmination of the deal, combined with the FCC's recent, loophole-ridden "Net Neutrality" rules, sets the table for Comcast to turn the Internet into cable television, where it has the ability to speed up its content, slow down or block its competitors such as Netflix, and hike the rates for its programming and services. We'll all end up paying more -- whether you're a Comcast subscriber or not.

http://www.huffingtonpost.com/josh-silver/comcastrophy-comcastnbc-m_b_810380.html