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But a regional merger is far from certain.
The companies' competitors and media analysts were taking a regional merger for granted.
David Newell, director of the Newspaper Society, the body that represents regional publishers, said: "The NS welcomes today's announcement that the OFT is reviewing the local and regional merger regime within the timeframe of the Digital Britain report.
From where I sit -- not just on the train, but as a practitioner in, and chronicler of, regional development projects -- the most important thing that can come from this regional merger is the opportunity to improve the economy for all of its people.
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Northpoint appears to be off the table; it is merging with the D.S.L. operation of Verizon -- the regional phone company created this summer by the merger of Bell Atlantic and GTE.
And, prompted by advisers who should know (having worked on many bank mergers themselves), it has highlighted the disastrous performance of the spate of American regional bank mergers in 1997 and 1998.
Mr. Hawke helped break down laws prohibiting regional bank mergers, was an early engineer of interstate banking and won victories that reduced the Fed's authority to challenge bank mergers.
"I felt like this was a good time to leave because we got through a number of things that I wanted the commission to address," he said, citing the blocking of several regional hospital mergers and cases brought against Facebook and Google for violating their own privacy policies.
During the 1980s and 1990s, mergers created banks with larger regional retail "footprints": BofA, FleetBoston and Bank One are all products of such transactions.
They serve merely temporarily to prolong the life of regional banks through mergers with equally weak partners.In this section Fear, then greed Banks on trial Congress acts Revenge of the nerds Absolute disappointment Another time; another fix A ray of hope For sale, again How far is down?
For the past decade, the consensus strategy among hospital and health-system leaders has been to achieve scale in regional markets via mergers and acquisitions, to make medical staffs employees, and to assume more financial risk in insurance contracts and sponsored health plans.
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