Monday, April 25, 2016

Charter's request to purchase Time Warner Cable cleared by regulators. - Bob Cummins Per. 6

       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

5 comments:

  1. 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.

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  2. This is also a victory for net neutrality! Woo!
    Matthew Taylor

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  3. Brenna Hale(6th Period)
    Glad everything worked out for Comcast in the end, and the charter put a ban on charging content providers' communications with customers.

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  4. It's good that businesses could still buy out others without having an entire corrupt monopoly from
    Bella Di Fazio 8th

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  5. This is very interesting how it relates to the monopolies in the gilded age

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