The Return of the Mega Corporations

Look at this nauseating chart from the Wall Street Journal:


Rightful scrutiny has been placed on the proposed AT&T-Time Warner merger. Decades of effort have been put into breaking up monopolies and competition-stifling practices only to see even bigger corporations emerged. From the illustration above, it seems like the two companies have been on a collision course. Since the Comcast-NBC/Universal merger was approved, it is difficult to see this one not get similar approval. If this deal goes through, expect a cascade media consolidation in the coming years as the marketplace reshuffle in response. For what it’s worth, Bernie Sanders, Tim Kaine and Donald Trump are all aligned in opposition against this deal. Hillary Clinton has yet to chime in.