On Wednesday, Charter Communications completed its massive purchase of Time Warner Cable and Bright House Networks, which means that America s newest three-headed cable monster has finally hatched out of its $65.5 billion egg.
It will also see the cannibalization of one of America s most hated companies: a Charter spokesman told Bloomberg that the Time Warner Cable name will soon disappear altogether, folded into Charter s Spectrum brand.
But as Gizmodo has pointed out more than once, the deal has some potentially bad consequences for customers.
Though it was subject to a number of regulatory conditions, including a limit on data caps and an agreement not to charge streaming companies like Netflix special fees, these conditions are only in place for seven years.
Charter claims that it will maintain a superior product set at highly competitive prices, but such a massive conglomeration can and should leave consumers feeling a little uneasy.
Larger, more powerful companies, which Charter has just become, means less space for the small companies—and that, of course, means consumers will no doubt get screwed over in the end.