via Ars Technica by matthew.lasar@arstechnica.com (Matthew Lasar) on 11/8/10
A new economic study written for local cable television providers concludes that the proposed merger of Comcast and NBC Universal would ultimately cost consumers $2.4 billion more in subscription fees than they would fork over otherwise. The American Cable Association released the report on Monday along with dire words from its President, Matthew Polka.
"Regulators must protect consumers and competition from a transaction whose benefits are vastly outweighed by its harms," Polka warned. "Without meaningful and cost effective conditions on the Comcast-NBCU transaction, regulators also run the risk of crippling effective competition in the pay-TV distribution market."
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