SubscribeLike many cable companies, the results for cable television subscriptions continue to be challenged by the downturn in the economy. So cable operators are increasingly looking to their broadband and “digital phone” divisions to make up the difference in revenue.
Comcast also believes that “pure content” is the place to be, to avoid becoming the owner of “dumb pipes” that simply pass through someone else’s content. Comcast, the nation’s largest cable operator, is seeking to leverage that content through a reported offer to acquire NBC-Universal.
CNBC explores the likelihood of the deal going through with Tuna Amobi, senior media & entertainment equity analyst with Standard & Poor’s.
[flv]http://www.phillipdampier.com/video/CNBC – Comcast NBC Merger Outlook 11-4-2009.flv[/flv]
CNBC’s Martin Soong reviews Comcast’s third quarter earnings results and discusses the chances Comcast will pull off its interest in acquiring NBC-Universal. (11/4/09 – 4 minutes)
This will be yet another “dumbest ever mergers” just like AOL / Time Warner if it goes through. Of course the executives will get a big payday and golden parachutes, and the rank and file staff with get up to 10% layoffs due to redundancy and more “efficient” operations, while customers get a 5-10% rate hike to cover additional “service improvements”.
Anti-trust laws are rarely mentioned, let alone enforced. This proposed merger cries out for action. If the existing laws don’t measure up, new ones need to be enacted. Where is our generation’s trust-busting Teddy Roosevelt?