FCC gives the nod to $17.7bn US cable mega-merger (no, not that one) America's internet mall cop the FCC has approved the proposed $17.7bn merger between Altice and US cable provider Cablevision. The deal, which is now only awaiting approval by state regulators, will give the Dutch-based telecoms biz Altice the fourth largest cable network in the US. If the gobble is successful, Cablevision …
There are very few areas in the US where you have the choice of more than one cable company at the same address. So these mergers aren't really decreasing competition/choice for consumers, since it doesn't really matter if the one cable company I have available changes owners. These mergers are more about gaining more market power when negotiating with networks like Disney to get better pricing.
This is great news for people who suck at maths! So, let me get my maths in order... 1.5 millions users plus 3 million users is about 8 millions users and that's about 1% of the 80,000,000,000(that's 14 kagillion to you and me!) current users here in the colonies!
HAHA! It's fun to make bad maths, but my point is that it's really only about 1% of total available users/customers. That's one fucking slim "swath."
"1.5 millions users plus 3 million users is about 8 millions users"
Hmm, this must be that Common Core math I've heard so much about. On reflection, it looks like Common Core English, too. Looking at the overall post, let's call it Common Core reasoning, as well.
Actually, it has all the earmarks of one of those corporate tax "inversions"; Cablevision trying to pull a tax dodge by being "acquired" by the smaller, financially weaker, but conveniently foreign Altice.
Corporoscum trying to pad their bonuses. In the immortal words of Mel Brooks: "We've got to protect our phony-baloney jobs, gentlemen!"
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