Senate Commerce committee brings back Comcast and NBC Universal for fourth hearing
Comcast and NBC Universal will return to Capitol Hill next week to defend their proposed merger before lawmakers for the fourth time since it was announced in December.
Sen. John D. Rockefeller IV (D-W.Va.) announced that the Senate Commerce Committee has scheduled a hearing for 10 a.m. next Thursday to examine how the merger could affect consumers and competition in the media and communications industries.
Last week, Comcast chief executive Brian Roberts and NBC Universal chief executive Jeff Zucker appeared before the House Judiciary Committee, where lawmakers questioned whether the merger could lead to job losses or a weakening of union negotiating power.
The executives also were asked if the combined company would use its size to reduce competition or create imbalances in the media industry. The $30 billion deal would combine the nation's largest cable and Internet service provider with a media titan that owns a wide range of broadcast, movie, cable and theme park assets.
March 5, 2010; 6:00 AM ET
Categories: Antitrust , Comcast
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