TWC goes to Comcast. This chart helps put it in to perspective. pic.twitter.com/XmlAZvOE3Y
— James Gross (@James_Gross) February 13, 2014
That chart above went around a bit last night, with the news of the purchase of Time Warner by Comcast for $45.2 billion. It compares the "market value" of LinkedIn, Twitter, Facebook and Google v. the "market value" of CBS, Viacom, Disney, Comcast and Time Warner Cable. You know, the new establishment v. those stupid old dinosaurs. Hmm, how else could we compare these companies?
Oh right, how about by that crazy out-of-fashion metric: by the money they make? I made you a chart! Here's that [...]
You know what obscures facts sometimes? Opinion-free, neutral language. True! Here is the soothing language from yesterday's Times: "Nearly a year after the federal rescue of the nation's biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again…. These early returns are by no means a full accounting of the huge financial rescue undertaken by the federal government last year to stabilize teetering banks and other companies…. But the mere hint of bailout profits for the nearly year-old Troubled Asset Relief Program has been received as a welcome surprise." So, wait, what are they saying? [...]