People think Comcast/TW Merger is a Bad Deal

It seems that most Americans think that the Comcast deal to buy up Time Warnner is not a good thing.

In a Reuters/Ipsos online poll, a majority of Americans are skeptical about the proposed merger of Comcast Corp and Time Warner Cable Inc, and they are not convinced the U.S. government is doing enough to prevent monopolies.

The poll found that 52 percent of those surveyed believed that mergers such as the Comcast-Time Warner Cable deal result in less competition and are bad for consumers, while 22 percent believe they allow cable and internet providers to be more efficient and provide better service to consumers.

The two rivals said last month they were planning a $45 billion combination that would have just under 30 percent of the U.S. pay television video market and a similar share of the high-speed Internet market. The deal is expected to draw close scrutiny from antitrust enforcers and communications regulators, as well as from members of the U.S. Congress.

"These types of mergers give people pause. They make them a little bit nervous about how it will affect them as consumers," Ipsos pollster Julia Clark said.

H/T HuffPo