Hooray for Media Consolidation

FOR THE 1.2 MILLION ADELPHIA customers in greater Los Angeles, it's time to say hooray for media consolidation. The Federal Communications Commission has approved a plan by the two largest U.S. cable operators, Comcast and Time Warner, to split bankrupt Adelphia's assets and swap selected cable systems. When the dust settles this summer, Comcast and Time Warner will serve a larger share of the country's homes; here in Los Angeles, Time Warner will go from minor player to kingpin — it will be the sole cable operator for about 98% of the city and 75% of the region.

July 17, 2006