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This month, it has been confirmed that one of the largest cable and telecommunications company, Comcast, is buying out Time Warner cable. This will mean that Comcast will now have a virtual monopoly on cable television. The merger will cost Comcast 45 billion dollars. This means that Comcast expects to make much more than this amount in profit.
It is up to US regulators to decide if this merger can take place legally. If Comcast has the monopoly it would be possible for them to fix prices, quality, and speed. It is the job of the US government to make sure that monopolies are not allowed to prosper.
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