by Norman Horowitz
I’m trying to imagine the moment when that itsy bitsy company AT&T decided, “Hey, we’re only grossing $124 billion. We only have 300,000 employees. Our assets are only worth $268 billion. Why don’t we go out and ‘eat’ another company? Why not T-Mobile? They only have 34 million customers. Their gross income is a paltry $21 billion.”
Have you seen the TV commercials advertising how great it’ll be if these two companies operate as one rather than — God forbid — competing with one another? This will be good for America, they always say, just like the previous “consolidations” that allowed CBS to be gobbled up by Viacom, ABC to be consumed by the Walt Disney Company, NBC by Comcast, and of course Fox by News Corp. They are, like Antonia in Man of La Mancha, only thinking of us.
Actually, those mergers were not good for America. Our purported “regulators” sided, as they almost always do, with “the regulated,” and everyone won…except the public. Continue reading “I’m Only Thinking of Him”