121–130 of 284 posts
Like a $10M merger should have 1 strong argument in favor of the consumer, a $100M merger should have 2 strong arguments, and a $100B merger should have 5 strong arguments in favor of the consumer (and I'm being forgiving by using a logarithmic scale here).
Media consolidation infographic from 2011. Back then, six companies controlled 90% of the market. I wonder where we're at now? http://www.businessinsider.com/these-6-corporations-control-...
Yet more media consolidation. And this one has the inherent conflicts of interest you get when a distributor buys out a producer. And of course the idea of protecting the public interest isn't a thing anymore in DC.
> And this one has the inherent conflicts of interest you get when a distributor buys out a producer. I'm not sure I understand the conflicts. Isn't Netflix essentially doing the same thing? Consolidating production and distribution?
It’s crazy to me how one judge gets to decide the fate of a 100 billion dollar merger. Humans are fallible.
Well, the judge has to base the decision on a whole bunch of laws. It's not like judges get to decide this on their own.
>to lead the next generation in innovation. Meanwhile I have 300k internet in Pasadena, CA. That's the fastest they offer. My roommate doesn't care and won't upgrade to Spectrum. Why is it whenever I read the above it means the opposite?
Earlier quoted context omitted.
The merger is set to close next Monday. DOJ can file for a stay, but the judge warned them that would be unwise. I think the DOJ will just take it as a loss.
> DOJ can file for a stay, but the judge warned them that would be unwise. What would they have to lose?
> The judge indicated during the trial that he wasn’t buying Shapiro’s projection. After his testimony, Leon said he was "confused." Further explanation from Shapiro didn’t help. "I’m not sure I got it, but it’s too late and too hot to belabor the point any further," the judge said. Amazing on so many different levels. (Shapiro is the economist whose model the DOJ based their case off of).
Absolutely shameful. AI judges can't come soon enough.