Last month, Comcast agreed — subject to regulatory approval — to purchase Time Warner Cable, which would mean the company would control the Internet services of more than 30 million households. It is not hard to imagine it using its muscle to restrict access to Netflix and Amazon Prime, along with other video streaming outfits.
A virtual monopoly is rarely a good thing for consumers. A hike of 6.4 percent may just be the tip of the iceberg.
“The impact on customer bills is always hard to quantify,” said Comcast Vice President David Cohen at a news conference about the merger. “We’re certainly not promising that customer bills are going to go down or even increase less rapidly.”