Netflix Latest to Oppose Comcast Time Warner Merger
Netflix is the latest company to join a petition asking the Federal Communications Commission (FCC) to deny the pending $45 billion Comcast / Time Warner merger. In a 256-page report, Netflix details how the merger will give the new entity too much control over the internet, and that this new power will enable it to stifle online video distributors that it sees as competition. Comcast continues to argue that because it does not overlap geographically with Time Warner, there are no major anti-trust concerns. Netflix was quick to point out that in 2000, the FCC required AT&T and MediaOne to divest a healthy portion of their broadband business because the final entity would have controlled too much broadband access to the internet. For more details on the controversial merger, click the link below.