Comcast-NBC Universal merger is focus of Senate hearing Feb. 4
The Senate Antitrust subcommittee plans to hold a hearing Feb. 4 on Comcast and NBC Universal's proposed $30 billion merger, exploring how the union might affect both consumers and competition in the broadcast, cable and Internet video markets.
Comcast CEO Brian Roberts and NBC Universal CEO Jeff Zucker are slated to testify, according to an announcement by the subcommittee. They also plan to call witnesses from competitors and consumer advocates.
"Comcast is the nation’s largest cable company, with almost 24 million subscribers; its acquisition of NBC Universal will add programming and media to its control, raising concerns about whether the deal will give the new entity an unfair advantage in the marketplace at the expense of consumers," the subcommitee said in a release.
The merger will have to gain clearance from the Justice Department and Federal Communications Commission before it can be completed.
January 20, 2010; 5:50 PM ET
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