Comcast-Time Warner Merger: Welcome to MegaConglomCo
In a headline that must rank as one of the understatements of the admittedly still-young century, CBS News' "Moneywatch" points out the Comcast-Time Warner merger could be bad for customers: For many consumers, cable is a virtual monopoly. Neighborhoods or even entire towns may have contracts with a specific provider, which means a lack of competitive pricing. The long-standing theory is that...