April 9, 2014
Officials of Mixed Minds as to Thoughts On Bigger Being Better
Could a bigger conglomerate of a cable company make for a more competitive market?
That’s the pitch being used as Comcast attempts to move ahead with its $45-billion acquisition of Time Warner. The company announced Tuesday it has moved forward by filing its joint Applications and Public Interest Statement to the Federal Communications Commission. The move is to be followed by a testimony by David L. Cohen, executive vice president and chief diversity officer in public policy, before the U.S. Senate Judiciary Committee.
In a press release issued Tuesday, Cohen argued that bringing the two giants together would only benefit customers by delivering “consumers the next-generation of broadband Internet, video, voice, and related technologies.”
Bringing the two company’s together, he stated, will improve the experience for customers now and in to the future.
In a conference call Tuesday, Politico reported, Cohen addressed the concern that a larger company may, in fact, not be a good idea.
“There’s been a lot of discussion as to whether big is bad, and sometimes when companies join together big can be dangerous,” he said. “But in this particular space with this particular transaction, we think big is very good.”
If the merger is granted, it would bring America’s two biggest cable companies under the same umbrella. It would mean nearly half the country’s population would be getting its Internet via Comcast.
While Cohen is saying bigger would be better, not everyone is agreeing.
Politico quoted Free Press CEO and president Craig Aaron: “The question before the FCC is whether this deal serves the public interest. The answer is clear: A bigger Comcast is bad for America,” he stated. “We need an Internet and video marketplace that offers people high-quality options at prices they can afford — not a near-national monopoly determining what we can watch and download.”
W. Brice McVicar is a staff writer for SiteProNews.