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Merger

OPINION
February 14, 2014 | By The Times editorial board
The proposed merger between Comcast and Time Warner Cable, the country's two largest cable TV operators, generated a predictable wave of outrage from opponents of corporate consolidation. With about 30% of all pay-TV customers served by its wires, the combined company would have extraordinary leverage when negotiating with television networks over the fees for their programming. It also would be the gatekeeper to a third of all U.S. homes with broadband. Those are scary scenarios for consumers and content companies.
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ENTERTAINMENT
February 14, 2014 | By Joe Flint and Meg James
Comcast Corp.'s $45.2-billion stock deal for Time Warner Cable would create a media juggernaut with revenue approaching $100 billion and more than 30 million customers, including more than 1.5 million in the Los Angeles metropolitan area. "We view this as a merger that creates a company on the leading edge of innovation, a company committed to investing in networks, products and services that deliver the customer the best possible experiences," Comcast Chief Executive Brian Roberts said on a call with Wall Street analysts.
BUSINESS
February 13, 2014 | By David Lazarus
So will Comcast's roughly $45-billion merger with Time Warner Cable be good for consumers? To no one's surprise, Comcast Chief Executive Brian L. Roberts said Thursday that the answer is a resounding yes. Consumers will be the big winners here, he said. In Roberts' words, the merger would be "pro-consumer," "pro-competitive" and "in the public's interest. " But will it? The merger would allow Comcast to dominate the cable industry and to be the big dog in 19 of the nation's 20 largest pay-TV markets.
ENTERTAINMENT
February 13, 2014 | By Richard Verrier
The Writers Guild of America, long a fierce opponent of media consolidation, has given a thumbs-down to the proposed merger between Comcast Corp. and Time Warner Cable. Comcast Corp. reached an agreement Thursday to buy Time Warner Cable in a deal valued at $45.2 billion, creating a video and Internet colossus with 30 million subscribers and operations in some of the country's biggest markets. But the Writers Guild of America, West, contends that the proposed combination is a bad idea on several fronts.
ENTERTAINMENT
February 13, 2014 | By Saba Hamedy
Comcast's deal to buy Time Warner Cable is not fantastic, it's “#ComCrapstic,” according to some Twitter users. The proposed $45-billion transaction has sparked social media solidarity among those who hate Comcast, Time Warner Cable or both. Many users took to Twitter to complain about the potential merger, using hashtags such as “#Comcastsucks” “#Ihatecomcast” and “#monopoly.”  However, Comcast backlash is not new - websites have popped up over the last few years denouncing the company.  One such site, comcastsucks.org, has a simple message: “This site is dedicated to letting Comcast know what they need to do to (hopefully)
BUSINESS
January 26, 2014 | By Hugo Martín
The nation's airline industry has undergone so many mergers in the last decade that only four airlines and their regional carriers control more than 80% of all domestic air traffic. Despite warnings from consumer advocates, the merger mania is having a positive effect on the industry and is partly responsible for keeping fares low, according to a new study by PwC, the auditing and consulting firm formerly known as PricewaterhouseCoopers. The latest major airline merger was approved last month when American Airlines agreed to unite with US Airways to create the world's largest carrier.
BUSINESS
January 26, 2014 | By Hugo Martin
The nation's airline industry has undergone so many mergers in the last decade that just four airlines and their regional carriers control more than 80% of all domestic air traffic. And despite warnings from consumer advocates, the merger mania is having a positive effect on the industry and is partly responsible for keeping fares low, according to a new study by PWC , the auditing and consulting firm formerly known as PricewaterhouseCoopers. The latest major airline merger was approved last month when American Airlines agreed to unite with US Airways to create the world's largest carrier.
BUSINESS
January 7, 2014 | By Hugo Martin
A month after the merger of American Airlines and US Airways became official, the new carrier took steps Tuesday to give passengers access to the loyalty rewards programs and airport lounges for the two airlines. Airline officials said the merger that became official Dec. 9 may take up to two years to complete, creating the world's largest carrier. Starting Tuesday, members of American's AAdvantage and US Airways' Dividend Miles programs can earn and redeem miles while traveling on either airline.
ENTERTAINMENT
December 3, 2013 | By Meg James
The improving global economy has given media executives confidence for fiscal improvement in 2014 -- a year that could be punctuated by mergers and acquisitions in the media and entertainment sectors, according to a new report. Consulting firm Ernst & Young on Tuesday released its 9th Capital Confidence Barometer for the media and entertainment industry. The report -- a survey of senior executives of large media companies -- is intended to glean corporate concerns and boardroom trends.
OPINION
November 25, 2013 | By The Times editorial board
The Southwest Museum, which sits on a hilltop in Mount Washington, is the oldest museum in Los Angeles, a historic landmark, a testament to longevity in a town without much of that. For decades, it housed and displayed objects from a world-class collection of Native American and Latin American artifacts. But age - the museum will be 100 years old next year - along with the Northridge earthquake and financial troubles took their toll. In 2003, the museum officially merged with the larger Autry Museum of Western Heritage, which is located in Griffith Park and was founded in 1988 by its namesake, the Hollywood cowboy Gene Autry, the Western actor Monte Hale and their wives.
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