A coalition of progressive-leaning nonprofit groups says it’s gathered 300,000 signatures for a petition opposing Charter Communications’ (NASDAQ: CHTR) proposed takeovers of Time Warner Cable (NYSE: TWC) and Bright House Networks.
According to a statement released by Free Press, the groups also included ColorOfChange.org, Common Cause, Courage Campaign, Daily Kos, Demand Progress, Future of Music Coalition, National Hispanic Media Coalition, Open Media, presente.org and Public Knowledge.read more
Another year, another massive merger. Recall back in April 2015, when cable/internet behemoth Comcast—also owners of the major content studio NBC-Universal—walked away from its planned acquisition of Time Warner Cable, after folks like Future of Music Coalition pointed out how devastating this deal would be to content creators and Internet users. Well, now another slightly-less-massive cable co., Charter Communications, is attempting to gobble up TWC. If allowed to go through, this deal would create a true Mega Cable conglomerate with the same incentive as Comcast to call the shots on content and innovation while depriving creators and fans of choice in the legitimate digital marketplace.