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John Malone Says Big Tech Is “Running Wild”
“Tying an industry’s hands behind its back, and allowing big tech to run wild in any direction they chose to run in is inappropriate,” says Liberty Media's John Malone, slamming tech giants that are “almost monopolies."
“I think that Charter should be allowed to merge with Comcast or Cox or anybody” to reduce costs and improve quality of the service they provide,” he said at the close of Liberty Media’s NYC investor meeting. The intention behind it was good, Malone said today, but it allows “these giants to have distribution platforms at no cost to them, and really favors a shift to streaming technology for the simple reason that it is free compared to making a deal” with a linear distributor. They have enormous breadth, [massive] balance sheets, and they have been the principal beneficiaries in recent years of the equity rise,” meaning the surging stock market
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