The Writers Guild of America, long a fierce opponent of media consolidation, has given a thumbs-down to the proposed merger between Comcast Corp. and Time Warner Cable.
Comcast Corp. reached an agreement Thursday to buy Time Warner Cable in a deal valued at $45.2 billion, creating a video and Internet colossus with 30 million subscribers and operations in some of the country's biggest markets.
But the Writers Guild of America, West, contends that the proposed combination is a bad idea on several fronts.
“Comcast’s proposed merger with Time Warner Cable is bad for everyone: content creators, programmers, suppliers and consumers,'' the guild said in a statement.
"As writers know all too well, media consolidation leads to already too powerful companies limiting competition," the guild added. "The WGAW will fight to stop this ill-conceived merger.”
A spokesman for Comcast declined to comment.
Comcast Chief Executive Brian L. Roberts told analysts Thursday morning that he expects a fight from media watchdogs over its deal to acquire Time Warner Cable but that he is confident the sale will get the nod from lawmakers and regulators.
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