Finally, Some Good News For Anyone Who Owns A TV Or A Cell Phone

August 6, 2014 10:01 PM

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Finally, Some Good News For Anyone Who Owns A TV Or A Cell Phone

This week, there were two different mergers in the works that would have brought together giants of telecom and media. On Tuesday, both of those deals fell apart. Sprint decided to abandon its $32 billion plan to acquire T-Mobile, and Time Warner, parent company of HBO and CNN, successfully blocked what could have been an $89 billion offer from Rupert Murdoch's 21st Century Fox.

Unless you're one of the disappointed shareholders of T-Mobile or Time Warner, this is probably good news for you. The busted deals come at a time when other major telecom and media companies are looking to enact mergers that would leave consumers with even fewer options than they already have.

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