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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.

By Cecilia Kang  |  January 20, 2010; 5:50 PM ET
 
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Comments

How nice! The great nation's senators will sit in their grand chairs and make loud and threatening comments before walking away to collect their share of the money they'll be paid for allowing these gross violations of our country's anti-trust laws. Isn't anybody else aware that the USA has the highest priced internet, cable, satellite and cell phone bills in the civilized world? WHY? Because these people are bought and paid for by these big corporations. They may as well fart and burp for all the good their holier than thou comments and bluster will amount to. Sit in your homes and complain Americans. Hide behind your doors while these people run you over. We have the government we deserve if we're not willing to stand up and take our government back from these common thieves.

Posted by: bcreek1 | January 22, 2010 11:38 PM | Report abuse

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