Competition for Comcast?
November 10th, 2007 3:48 pm · 3 comments
Hm, Comcast isn’t going to like this…
The Federal Communications Commission is preparing to impose significant new regulations to open the cable television market to independent programmers and rival video services after determining that cable companies have become too dominant in the industry, senior commission officials said. …
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The commission’s conclusion that the cable industry has grown too large will be used to justify a raft of new cable television rules and proposals. They include a cap that would prevent the nation’s largest cable company, Comcast Corporation, from growing, and would prevent other large cable companies, like Time Warner, from making any new large cable acquisitions.
Notes Chris over at AmericaBlog:
There is absolutely no reason why TV should be as costly as it is in the US. Comcast has been effective with their political lobbying and the result to consumers has been bloated and increasingly expensive cable bills. How many people in the US have monthly cable bills that are under $45 and include cable TV, phone service, and high-speech Internet? In Europe, it’s common.
As I have mentioned quite a few times, when France can offer numerous options for phone/internet/TV that are lower than the US, there’s something seriously wrong in the US. Even with the strong euro, the deals over here are still attractive at 30 euro or roughly $44 dollar per month. The offers are all about the same with high speed internet, phone calls around the world and a block of standard TV channels plus VOD and pay channels,
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Tags: Cable
There are currently 3 comments on this blog postView Topic | Comment on this blogusedmeat 11/10/07 4:00 PM | Government by,"Help me get elected and I'll help you loot consumers." I wonder who in the Bush administration Comcast pizzed off that this legislation is coming down the line. On the technical side when fibre optics replace wire the telcos will be able to compete with cable and sattelite providers. In a real free market economy that should drive prices lower. |
Artie See 11/10/07 9:04 PM | QUOTE(usedmeat @ Nov 10 2007, 04:00 PM) [snapback]335642[/snapback] On the technical side when fibre optics replace wire the telcos will be able to compete with cable and sattelite providers. In a real free market economy that should drive prices lower. In a real free market economy, perhaps. But in the U.S., corporate greed will prevent that from happening, even with two competing providers. Note that competition from satellite TV has failed to slow the dramatic rise of cable TV fees. |
UncommonSense 11/11/07 11:54 AM | QUOTE(Artie See @ Nov 10 2007, 09:04 PM) [snapback]335683[/snapback] In a real free market economy, perhaps. But in the U.S., corporate greed will prevent that from happening, even with two competing providers. Note that competition from satellite TV has failed to slow the dramatic rise of cable TV fees.
Local regulations also prohibit competition. Where I live, we have to buy our electric from one source. We have to use 1 source for phone service. There is only one cable provider allowed by the municipality (thank goodness for DirecTV). And you are quite correct Artie. What good is competition if there is also collusion and no agency willing to investigate or prosecute?
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