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Comcast-NBC Merger Is a Bad Deal
The proposed merger threatens competition and innovation.
Jun 08, 2010
When you watch the news or read the paper, it's not hard to find
evidence of the negative impact of media consolidation. As media
companies get bigger, local news and in-depth reporting take a backseat
to sensationalism and celebrity gossip.
Now there's a new media merger on the horizon. And it's a real doozy.
A few months ago, cable giant Comcast announced it would buy NBC.
Comcast has agreed to pay billions of dollars to acquire the venerable
broadcaster--but the cost to the public will be far greater.
If Comcast, the nation's largest cable and Internet access provider,
takes over NBC, it would be the largest media merger in a generation.
The combined company would include the NBC broadcast network (which
supplies programming to NBC-affiliated stations all over the country),
10 NBC owned-and-operated TV stations, the Telemundo broadcast network,
16 owned-and-operated Spanish language TV stations, Internet properties,
exclusive rights to the Olympic games, regional sports networks,
television and movie studios as well as an ownership stake in a slew of
cable channels, including MSNBC, the USA Network, and E!.
In short, Comcast and NBC would control a sizeable chunk of the
content you watch, as well as access to the platforms you use to watch
it--namely, broadcast TV, cable TV, and the Internet. Indeed, market
analysts have estimated that a combined Comcast/NBC would control one in
every five hours of television viewing.
The proposed merger also threatens competition and innovation as new
forms of online video delivery, like Hulu.com, are emerging and gaining
audiences. If the merger is approved, Comcast could prioritize its own
online content and stifle the free flow of Internet traffic, giving you
less choice in what you watch and how you watch it online.
If this seems like a raw deal for consumers, you're right. But that
hasn't stopped Comcast from shelling out millions to convince Washington
otherwise. Comcast spent $12.6 million on 100 lobbyists in 2009, and
another $3.1 million in the first quarter of 2010. Most of this has gone
toward hiring Beltway insiders, including 78 former government
officials, to join its lobbying arm.
That may sound pricey, but Comcast can well afford it. In 2009,
Comcast's operating income was $7.2 billion, up 7 percent from the year
before. Plus, spending $15 million on 100 lobbyists is chump change when
you consider what Comcast pays its top brass. Last year, CNN Money ranked
Comcast as one of the five "Highest Paid Worst Performers" in America.
Roberts' 2008 compensation: $40.8 million.
If you're a Comcast customer, you probably think that money would be
better spent improving your service or lowering your bills rather than
helping Comcast get even bigger. Comcast consistently ranks among the
worst companies in customer service, and the Consumerist recently named
it the "Worst Company in America." Even so, Comcast's customers have
already endured price hikes of nearly 50 percent in some areas. Clearly,
the company isn't above padding its bottom line by raising your cable
rates.
That's the bad news. Here's the good news: The government gets to
review the proposed merger. The Department of Justice and the Federal
Communications Commission are supposed to carefully review the
transaction and consider what's best for us--the public. Please tell
them what you think. The FCC is taking public comments until June 21.
Visit www.freepress.net/comcastaction
before it's too late and tell the FCC why it should reject this bad
deal for the American people.
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
This column was distributed by OtherWords.
When you watch the news or read the paper, it's not hard to find
evidence of the negative impact of media consolidation. As media
companies get bigger, local news and in-depth reporting take a backseat
to sensationalism and celebrity gossip.
Now there's a new media merger on the horizon. And it's a real doozy.
A few months ago, cable giant Comcast announced it would buy NBC.
Comcast has agreed to pay billions of dollars to acquire the venerable
broadcaster--but the cost to the public will be far greater.
If Comcast, the nation's largest cable and Internet access provider,
takes over NBC, it would be the largest media merger in a generation.
The combined company would include the NBC broadcast network (which
supplies programming to NBC-affiliated stations all over the country),
10 NBC owned-and-operated TV stations, the Telemundo broadcast network,
16 owned-and-operated Spanish language TV stations, Internet properties,
exclusive rights to the Olympic games, regional sports networks,
television and movie studios as well as an ownership stake in a slew of
cable channels, including MSNBC, the USA Network, and E!.
In short, Comcast and NBC would control a sizeable chunk of the
content you watch, as well as access to the platforms you use to watch
it--namely, broadcast TV, cable TV, and the Internet. Indeed, market
analysts have estimated that a combined Comcast/NBC would control one in
every five hours of television viewing.
The proposed merger also threatens competition and innovation as new
forms of online video delivery, like Hulu.com, are emerging and gaining
audiences. If the merger is approved, Comcast could prioritize its own
online content and stifle the free flow of Internet traffic, giving you
less choice in what you watch and how you watch it online.
If this seems like a raw deal for consumers, you're right. But that
hasn't stopped Comcast from shelling out millions to convince Washington
otherwise. Comcast spent $12.6 million on 100 lobbyists in 2009, and
another $3.1 million in the first quarter of 2010. Most of this has gone
toward hiring Beltway insiders, including 78 former government
officials, to join its lobbying arm.
That may sound pricey, but Comcast can well afford it. In 2009,
Comcast's operating income was $7.2 billion, up 7 percent from the year
before. Plus, spending $15 million on 100 lobbyists is chump change when
you consider what Comcast pays its top brass. Last year, CNN Money ranked
Comcast as one of the five "Highest Paid Worst Performers" in America.
Roberts' 2008 compensation: $40.8 million.
If you're a Comcast customer, you probably think that money would be
better spent improving your service or lowering your bills rather than
helping Comcast get even bigger. Comcast consistently ranks among the
worst companies in customer service, and the Consumerist recently named
it the "Worst Company in America." Even so, Comcast's customers have
already endured price hikes of nearly 50 percent in some areas. Clearly,
the company isn't above padding its bottom line by raising your cable
rates.
That's the bad news. Here's the good news: The government gets to
review the proposed merger. The Department of Justice and the Federal
Communications Commission are supposed to carefully review the
transaction and consider what's best for us--the public. Please tell
them what you think. The FCC is taking public comments until June 21.
Visit www.freepress.net/comcastaction
before it's too late and tell the FCC why it should reject this bad
deal for the American people.
When you watch the news or read the paper, it's not hard to find
evidence of the negative impact of media consolidation. As media
companies get bigger, local news and in-depth reporting take a backseat
to sensationalism and celebrity gossip.
Now there's a new media merger on the horizon. And it's a real doozy.
A few months ago, cable giant Comcast announced it would buy NBC.
Comcast has agreed to pay billions of dollars to acquire the venerable
broadcaster--but the cost to the public will be far greater.
If Comcast, the nation's largest cable and Internet access provider,
takes over NBC, it would be the largest media merger in a generation.
The combined company would include the NBC broadcast network (which
supplies programming to NBC-affiliated stations all over the country),
10 NBC owned-and-operated TV stations, the Telemundo broadcast network,
16 owned-and-operated Spanish language TV stations, Internet properties,
exclusive rights to the Olympic games, regional sports networks,
television and movie studios as well as an ownership stake in a slew of
cable channels, including MSNBC, the USA Network, and E!.
In short, Comcast and NBC would control a sizeable chunk of the
content you watch, as well as access to the platforms you use to watch
it--namely, broadcast TV, cable TV, and the Internet. Indeed, market
analysts have estimated that a combined Comcast/NBC would control one in
every five hours of television viewing.
The proposed merger also threatens competition and innovation as new
forms of online video delivery, like Hulu.com, are emerging and gaining
audiences. If the merger is approved, Comcast could prioritize its own
online content and stifle the free flow of Internet traffic, giving you
less choice in what you watch and how you watch it online.
If this seems like a raw deal for consumers, you're right. But that
hasn't stopped Comcast from shelling out millions to convince Washington
otherwise. Comcast spent $12.6 million on 100 lobbyists in 2009, and
another $3.1 million in the first quarter of 2010. Most of this has gone
toward hiring Beltway insiders, including 78 former government
officials, to join its lobbying arm.
That may sound pricey, but Comcast can well afford it. In 2009,
Comcast's operating income was $7.2 billion, up 7 percent from the year
before. Plus, spending $15 million on 100 lobbyists is chump change when
you consider what Comcast pays its top brass. Last year, CNN Money ranked
Comcast as one of the five "Highest Paid Worst Performers" in America.
Roberts' 2008 compensation: $40.8 million.
If you're a Comcast customer, you probably think that money would be
better spent improving your service or lowering your bills rather than
helping Comcast get even bigger. Comcast consistently ranks among the
worst companies in customer service, and the Consumerist recently named
it the "Worst Company in America." Even so, Comcast's customers have
already endured price hikes of nearly 50 percent in some areas. Clearly,
the company isn't above padding its bottom line by raising your cable
rates.
That's the bad news. Here's the good news: The government gets to
review the proposed merger. The Department of Justice and the Federal
Communications Commission are supposed to carefully review the
transaction and consider what's best for us--the public. Please tell
them what you think. The FCC is taking public comments until June 21.
Visit www.freepress.net/comcastaction
before it's too late and tell the FCC why it should reject this bad
deal for the American people.
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