Excerpt
GWEN IFILL (Newshour): Comcast’s deal to buy Time Warner means the media giant, which already owns NBC Universal, is about to cast an even longer shadow over the industry. If the deal is approved, Comcast will have 30 million subscribers and control just under 30 percent of all paid cable subscribers in the country. It also becomes an even bigger player in the world of broadband Internet and video.
Geographically, Comcast grows as well. It will operate in 43 of the largest 50 markets, extend its heaviest concentration of subscribers north all the way to Maine, and gain access to markets in New York City, Los Angeles, and Dallas. But the $45 billion deal is being criticized by public interest groups worried about media consolidation.
We get more on all this from Edmund Lee of Bloomberg News.
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