Comcast acquires Times Warner Cable

Taken from: http://www.bloomberg.com/news/2014-02-12/comcast-said-to-agree-to-pay-159-a-share-for-time-warner-cable.html

Comcast and Time Warner are the United State's two largest cable companies - and Comcast (the biggest) recently announced plans to buy Times Warner Cable for 45.2 billion.  

Comcast has plans to become more than just a cable company, but to move into mass content creator, plus keep the high speed internet and cable TV side of things.

It puts them on a collusion course with Google, Apple, Facebook, Microsoft, Amazon and Verizon in the coming battle for digital dominance.

CNN had this comment:

"Americans already hate dealing with the cable guy -- and both these giant companies regularly rank among the worst of the worst in consumer surveys," said Craig Aaron, president and CEO of Free Press, a group that advocates for diversity in media ownership. "But this deal would be the cable guy on steroids -- pumped up, unstoppable and grasping for your wallet."

and this:

"An enlarged Comcast would be the bully in the schoolyard, able to dictate terms to content creators, Internet companies, other communications networks that must interconnect with it, and distributors who must access its content," said John Bergmayer, senior staff attorney for online consumer activist group Public Knowledge

So ... the future of cable TV, home internet and even entertainment is going to be effected by this merger.  Time will tell what happens!!!