Comcast-Time Warner Merger Fails

Fortunately for consumers, the proposed merger of media conglomerates Comcast and Time Warner has been canceled. It seems that the FCC wasn’t going to approve the merger due to antitrust concerns. Given that both companies have terrible records for things like consumer protection, this is a win for basically everyone. The merger would have given the new company a virtual monopoly over large swathes of the US, which means that consumers could have expected higher prices for less service.