Comcast Set to Acquire Time Warner Cable for $45 Billion ⇥ dealbook.nytimes.com

This deal is for the biggest cable provider in the US to buy the second-biggest. This is a huge deal, and one that would be terrible for consumers. Or would it? Peter Kafka or Recode thinks that this acquisition will be okay:

So here’s the big idea that’s supposed to get the deal approved in the coming months: It’s okay for a giant cable company to buy another giant cable company, because cable companies don’t compete.

Translation: due to weird little fiefdoms, the market is already so shitty that a merger of the two largest companies in that market won’t actually reduce consumer choice.