11 February 2004

More Antitrust Follies

So, Comcast wants to buy Disney, eh? This is a perfect example of the insidious nature of media/entertainment mergers. It's bad enough that Capital Cities/ABC, a Disney division, also include ESPN and a number of other leading providers of cable programming; and that elsewhere in the empire there are substantial creators of properties. Disney itself is a walking antitrust violation. But now, adding yet another step in the distribution chain to the vertical integration seems too much even for the Justice Department.

Or, at least, it would be if I had anything to say about it. But at this stage, I don't. I will, however, make comment through the clearance system at the appropriate time.