Why One Broadcast CEO Is Ripping the Proposed Comcast-Time Warner Cable Merger B&C
The president and CEO of one broadcast network has come out strongly against the proposed merger between Comcast and Time Warner Cable. B&C reports that Randy Falco, head of Spanish-language Univision, said on an earnings conference call that the merger deserves greater scrutiny.
“Based on what I have seen and heard, I am still concerned that the proposed merger could be bad for competition and, most importantly, bad for Hispanic audiences," Falco said Monday.
Falco added: “You've already heard that the new Comcast will be the dominant cable and high-speed broadband provider in markets with 30% of all U.S. cable households. What you may not know is that the new Comcast will serve markets with 91% of all Hispanic households and be the top TV distributor in 19 out of the top 20 Hispanic markets. That gives this new company staggering influence over Hispanic consumers."
The piece adds: “He said the merger's risks were not hypotheticals for programming competitors like his company. And Falco knows something about making NBC programming competitive as the former president and chief operating officer of NBCUniversal Television Group, one of a number of top posts in his 20-plus-year career at NBC.”