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The Stock Market Is on Edge About A Cable Merger

NY Times writer Jeff Sommers recounts the amount of angst being felt on Wall Street because of all of the pushback against the proposed Comcast/Time Warner merger:

Investor concerns focus mainly on the Internet side of cable operations. They include these questions: Will the Federal Communications Commission act to ensure an open Internet — also known as net neutrality — and competitive and reasonably
priced choices for consumers, in ways that might impair cable company profitability? Will federal agencies block the merger outright, or impose conditions that might make it economically unattractive? And if the merger does not take place, auguring a tougher regulatory climate, are the two companies, particularly Time Warner Cable, appropriately priced?

Meet The Internet’s Most Powerful Man

Time Magazine profiles Comcast owner Brian Roberts (you'll need a subscription to read the piece):

Stooping slightly at the neck, Brian Roberts, the chief executive of Comcast, loped onstage in April at the cable industry’s annual trade show in Los Angeles. Behind rimless glasses, his face looked earnest and likable, more tenured sociology professor than cutthroat mogul. In a country that has long celebrated its tech titans as gurus and geek celebrities—think Steve Jobs in his black turtleneck, Jeff Bezos with his delivery drones—Roberts dresses for the boardroom, a peach tie with his charcoal suit, and utters none of the utopian rhetoric of Silicon Valley. If you met him on the street, you would never guess that he could soon control the U.S. Internet’s most powerful company.

Net Neutrality's Death Could Spark Populist Revolt

The National Journal's Ron Fournier argues that the loss of net neutrality could be the spark that ignites a populist tech revolt:
Where is the outrage? I asked that question of a half-dozen technology experts, including Obama administration veterans who witnessed the derailment of the Stop Online Piracy Act, or SOPA, a 2012 copyright protection bill that technology activists feared would undermine internet access an innovation. Two years after an online insurgency overwhelmed the gilded institutions of Washington, the grassroots are relatively quiet.

"The internet providers lost the battle and won the war," said a former Obama administration official who refused to be identified while criticizing the administration. "They've got their hooks into most members of Congress and both major parties." Said another: "Godspeed to the American consumer. We could be screwed and not know until it's too late."

If net neutrality dies and the internet "rails" suddenly become more expensive and less reliable via monopolies, the protests will be loud. Cheap, easy access to information, entertainment and e-commerce are as engrained in modern American life as the telegraph and trains had become in early 20th century. Take that away, and the elites will pay.

That brings me back to the Gilded Age, when innovative entrepreneurs morphed into monopolists who corrupted Washington and exploited workers. They were corralled by the era's "new media," so-called muckrakers like Upton Sinclair, S.S. McClure and Ida Tarbell. It was Tarbell who wrote a series of magazine articles on Rockefeller and Standard Oil that put an ugly human face on the trusts, galvanizing the nation behind Roosevelt's fledgling populism.

DailyCandy Founder Blasts Comcast: They Destroyed My Brand (Video)


DailyCandy was once a hip newsletter that kept subscribers in touch with the latest, coolest entertainment, food and fashion trends. And then owner Comcast ran it into the ground, founder Dany Levy tells The Wrap. "From my perspective, I watched them destroy a brand."

Levy believes Comcast botched DailyCandy's once popular format by copying other companies’ revenue strategies, like Groupon, which turned off a lot of users and, in essence, turned DailyCandy into a spam email subscription.

“It became a desperate clamoring to find something that was going to make money, and you were getting potentially eight emails a day,” she said. “To be frank with you, I unsubscribed, I couldn't watch it. It was like watching a train wreck.”

Apple, Comcast In Preliminary Talks To Provide TV Service Together

Apple and Comcast are in preliminary talks to partner on a streaming TV service that would reserve a congestion-free portion of the cable operator’s broadband service to ensure smooth video delivery, the Wall Street Journal reported late Sunday.

Details are scarce considering the early nature of the negotiations. But if talks come to fruition, such a venture would mark a breakthrough for Apple, which has futilely attempted many times to get in on the TV business but failed to come to terms on any of the variety of tie-ups that have been discussed.