The Department of Justice and the FCC chairman recently approved Charter Communications' $78,000,000,000 purchase of Time Warner Cable and their $10,000,000,000 purchase of Bright House Networks. Though they had to follow regulations in this deal, they still got to buy the companies. This purchase was considered about a year ago shortly after Washington denied Comcast's request to purchase TWC. Charter's regulations include a ban on data-caps, a prohibition of charging content providers for connecting them to their customers.
This event calls back to the event of the Sherman Anti- Trust Act, which was meant to prevent monopolies. This is the reason Comcast could not purchase Time Warner Cable. The government would not let it happen so a monopoly could not form.
Source: http://money.cnn.com/2016/04/25/media/charter-communications-time-warner-cable/index.html
That's so interesting to hear! And yeah, it's a pretty good thing to hear how Teddy Roosevelt fought for a more laissez-faire capitalist society.
ReplyDeleteThis is also a victory for net neutrality! Woo!
ReplyDeleteMatthew Taylor
Brenna Hale(6th Period)
ReplyDeleteGlad everything worked out for Comcast in the end, and the charter put a ban on charging content providers' communications with customers.
It's good that businesses could still buy out others without having an entire corrupt monopoly from
ReplyDeleteBella Di Fazio 8th
This is very interesting how it relates to the monopolies in the gilded age
ReplyDelete