Cable executives want to consolidate the industry into just two companies in the US

cable tv

TV has always been a rough industry to succeed in, and apparently, in the wake of Netflix and Hulu engaging more and more users, major cable companies are starting to feel the squeeze.

That’s why John Malone, CEO of Liberty Media, and Tom Rutledge, the CEO of Charter Communications, have banded together to encourage cable companies to consolidate their interests (and organizations) into just two companies in the US, which would most likely end up being Comcast and Time Warner Cable.

Rutledge claims that by consolidating the industry into two powerful organizations would give everyone more lobbying power to control costs and leverage the media companies that supply TV programs, as well as giving them more advanced resources for investing in new technologies. We think consolidating the industry will result in less innovation and higher prices. Let’s see what happens.

[via BGR, image via Talk NYC]

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  • brian

    its already started Comcast just bougt out the second largest cable company for 45 billion dollars and weave already lost channels tthat were still paying for not to mention that both companys have the worst customer service records in the world wats that tell you were all going to get screwd not to mention there wyfy is open to eneyony to use so if your naeghbor is watching child porn your the one going to jail there spying on use with tracking cookies and now want to get envolved in are companeys with Comcast bisnes thanks for watching out for us cable companeys if you had enough of this join me in contacting Comcast corparet office at this very very hard to find number888 736 6711 extension1351014 and tell them weave had enough a group of us have all ready started ashraf is right this is the beginning of a monaply and were all going to be forced to pay over 100 a month or go back to the dark ages with an antenna on our roofs please I beag of you contact Comcast and tell them to keep there hands off our tv oh ya tell them mr jenson told you to call ive all ready started a revolt agenst this Ronnie knows me well please help use help you provide your children with saterday morning cartoons don’t they deserve it the same as we did and oh ya where are are government officials who are supposed to be protecting us from this call your local news channels aand ask them we cant stop this unless we all stick together we hear on tv were supposed to be afraid of isses shooting us iran getting a nuckler bom etc but what we realy need to be worwead about is Comcast cable remember they weren’t woryed about hitler at first eathier he tried to take over the world and control us Comcast is trying to take over what we wtch and what were going to pay for it and just how fare that telephone pole goin up are back side so please call that number and give it to your friends to please I cant say please or beag enough thease people need to be stoped and the only way that will happen is if we do it

  • Ashraf

    Im waiting for the day someone introduces viable TVoIP.

  • Mike

    Good for no one but the 2 cable companies and those who get bought out. But thanks for looking out for me, cable companies!

  • BR

    If it happens, the end result will indeed be higher prices for the consumer and even less choice than today – which as most cities only allow ONE cable company franchise to operate, is a rip off anyway.

  • Ashraf

    [@The Lone Gunman] It is actually called a duopoly.

  • The Lone Gunman

    Its called a monopoly and once upon a time it was illegal. Then the American people got sold out. Remember the Bastille!