The proposed merger of Comcast and Time Warner Cable, announced last week, is already drawing scrutiny and opposition from members of Congress, The Hill reports. House Judiciary Committee Chairman Bob Goodlatte (R-VA) and antitrust subcommittee Chairman Spencer Bachus (R-AL) have announced plans to hold an oversight hearing (see press release here).
Senate Judiciary Committee Chairman Patrick Leahy (D-VT) released a noncommittal statement indicating that he would be watching the response of the antitrust authorities and the Federal Communications Commission. Fellow Senator Al Franken (D-MN), who was quite publicly objected to AT&T’s failed acquisition of T-Mobile, has been far more vocal in his opposition, urging FCC Chairman Wheeler, Federal Trade Commission Chairwoman Ramirez, and Attorney General Holder to oppose further concentration in the industry.
The full article may be found here.
posted by Anant Raut
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