WSJ Reports AT&T May Be Eying a $40B DirecTV Acquisition 73
New submitter rcht148 (2872453) writes with this excerpt from The Verge:"If the idea of Comcast buying out Time Warner Cable to become the largest cable company in America wasn't enough to make you worry about media consolidation, news [Wednesday] from the Wall Street Journal just might. Reportedly, AT&T has approached DirecTV to begin 'possible acquisition' talks, a deal that the WSJ says could be worth over $40 billion. If it were to happen, it would give the combined company something on the order of 26 million TV subscribers, making it second only to the hypothetical Comcast/TWC combination of 30 million."
Re:Both have better TV then comcast (Score:3, Informative)
That may be true (I happen to agree with you that it likely is), however this is not about TV. This is about competition and removing it.
If AT&T buys out DirecTV that creates one more super-monopoly and reduces choices even more, thereby allowing everyone to raise prices and reduce quality. Nothing about this is good for consumers.