I’m not sure why, but I’ve always felt like Dan Lyons was desperate for attention. Now I know he is:
Daniel Lyons, visiting fellow at AEI’s Center for Internet, Communications and Technology, thinks antitrust regulators may be too stuck in the present when it comes to the Comcast-Time Warner Cable. He cites a blast from the past to make his point:
“Ten years ago, the FTC successfully blocked the merger between Blockbuster and Hollywood Video because the combined company would have dominated the market for video store rentals — failing to appreciate that technology was shifting so quickly that ‘video store rentals’ was no longer a relevant market,” he writes. “Without the scale to compete against new technologies, both companies eventually collapsed. It remains to be seen whether regulators have made the same mistake here.“
Comparing Blockbuster (a company whose revenue was already on the decline in 2005 and didn’t provide access to anything critical to our society) to Comcast (a company whose revenue continues to grow and has roughly 20% of the country’s broadband subscribers) is absurd. But, as John Gruber has pointed out, Dan Lyons specializes in the absurd.