Friday, cable giant Comcast announced that it is walking away from a deal to acquire Time Warner Cable.
The deal would have been a disaster for consumers. It would have created a cable behemoth that would drive up prices, drive down choice, and, if you can believe it, make service even worse.
Comcast walked away from this deal because they knew the tide was turning against them. They saw the writing on the wall -- and NanuqoftheNorth we helped put it there.
I’ve been against this deal from the very beginning. And along the way, thousands of you joined me. You signed petitions. You talked to your friends about it. You posted on Facebook and tweeted about it to boost our efforts.
It’s a huge victory for American consumers. It’s proof positive that a strong, persistent grassroots movement can make a difference. And while our fight to protect consumers will no doubt continue in the days and weeks to come, let’s enjoy this win.
Thank you for all you’ve done.
Another win for government regulation against corporate monopolies!