The liberal senators who stood up in opposition to the Comcast-Time Warner merger scored a major victory as Comcast has pulled out of the planned deal.
Sen. Sanders (I-VT) reacted to the news by saying, “The report that Comcast is backing away from its bid to take over Time Warner Cable is good news for American consumers. The level of media consolidation in America already is unacceptable and it would have been extremely dangerous for one company to control 57 percent of the broadband Internet market, 30 percent of the cable market and dominate 19 of the 20 largest U.S metropolitan areas.”
Sen. Franken (D-MN) said, “I’ve been opposed to this deal since it was first announced, and I’m glad that over the last 15 months, more and more people have come to see it the way I do. This transaction would create a telecom behemoth that would lead to higher prices, fewer choices, and even worse service. We need more competition in this space, not less. If reports of the collapse of the deal are true, it would be a huge victory for American consumers.”
Sen. Franken was correct. Getting Comcast to drop their monopolistic Time Warner deal is a great win for consumers, but it was the pressure generated by Senate liberals that turned up the heat on the deal. The power of the liberal movement in this country was flexed in the outrage generated by the potential creation of the largest cable company in the country. Outside of the extreme concentration of wealth at the top, and the staggering disparity in income inequality, the death of the free market is a one of the biggest problems facing the U.S. economy.
The objections of the FCC and the Department of Justice caused Comcast to pull the plug, but it was liberal outrage that started and fueled the fire. Liberals killed a huge deal for two of the biggest corporations in the country.
This is a good day for the left, and a moment that cements that it is the liberal movement in this country who are the real defenders of consumers and free market competition.