A shame...
Probably inevitable, but this merger is a mistake. More choice of broadband is needed, not MegaISP being the only choice for large regions...
Executives from Comcast and Time Warner Cable are stepping back from plans to fund a gala dinner for Mignon Clyburn, a member of the US Federal Communications Commission(FCC). The two firms had been among the companies set to sponsor a Kaitz Foundation Fundraising Dinner event honoring commsissioner Clyburn. The foundation, …
"members of Citizens for Responsibility and Ethics in Washington (CREW) noted that the companies spending tens of thousands of dollars on an event honoring Clyburn might be a bit of a conflict of interest."
$110,000 I'd phrase more accurately as "over hundred thousand dollars" not tens of thousands.
Any Comcast and Time Warner merger will result in a monopoly position, further reducing scant competition and exacerbate already poor customer service, underprovisioning of bandwidth and general crap product.
There is no compelling reason to allow this merger to happen besides the rampant bribery of the FCC most likely in various future employment opportunities, if not outright cash.
We need the penalties changed for corporate influence of a public entity.
Minimum 20 years without parole and forfeiture of an entire years gross revenue would be a good start, followed by a ten year ban on former FCC employees being hired away by those that the FCC regulates.
"To avoid any further misunderstanding, we are re-directing our giving from the Kaitz dinner to the Foundation’s unrestricted funds which largely supports their programs."
I'm pretty sure I didn't misunderstand at all. An attempt to bribe an FCC commissioner has been made public, and the corporation involved has had to back off.
Not much to misunderstand there really.