Belly Laugh on Media Monopoly

media-monopoly1 The filters that govern mainstream journalism sometimes produce sentences that are simply hilarious. Reporting today on the proposed merger between the Comcast and Time-Warner media profit fiefdoms, The New York Times notes that “the deal, if completed, could have impacts on consumers across the country, though it is unlikely to reduce competition in many markets.”

To be sure, you can’t really reduce what does not exist, can you?

FTC = MIA

“Social gaming is a math equation.  When you put millions of [advertising] dollars down to protect [a franchise], you will win it.”

— Lisa Marino, Chief Revenue Officer, RockYou, Inc., a startup hoping to make profits on Facebook via “social games,” quoted in Bloomberg Business Week

Advertising, in other words, is an intentionally anti-competitive undertaking.

Thank god we have the marvelous President Obama, who is delivering so much change, as promised!  Surely, his Federal Trade Commission will be intervening and imposing huge fines on these shameless economic criminals.

Surely.