I’ve been reading and thinking about the merger of Comcast and Time Warner Cable. Since I live in the Philly area, I suppose I should be happy about it since Comcast is already an important part of the area economy and this merger would seem to enhance the growth of Comcast and our regional economy. But the power of such a large company which would control such a large part of the internet bothers me.

One the one hand, Comcast and Time Warner Cable do not, to my knowledge, compete in any markets. So it would appear their should be little, if any, effects on competition in individual markets. On the other hand, should one company control an estimated 30% of the internet?