Sen. Richard Blumenthal (D-Connecticut) said that he has asked that the Justice Department (DOJ) to investigate the Comcast-NBCUniversal merger and whether it will pose a threat to consumers after conditions to the transaction expire in September, 2018.
He referenced the transaction, approved by the DOJ and the Federal Communications Commission (FCC) in 2011, at a Senate Judiciary subcommittee hearing on antitrust law and enforcement. But it also comes with renewed scrutiny on media mega-mergers, as the DOJ challenges AT&T’s proposed merger with Time Warner and reports that the Walt Disney is in a deal to purchase most of the assets of 21st Century Fox.
Blumenthal said at the hearing that if the set of conditions placed on the Comcast-NBCUniversal transaction are not extended, “I believe that this will pose a very serious threat to competition.” The conditions include provisions that prohibit Comcast-NBCUniversal from withholding content from online, cable, and satellite rivals. The company also must comply with anti-retaliation provisions, which are overseen by the FCC and are set to expire on January 20.
Full Content: The Hill
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Massachusetts AG Sues Insulin Makers and PBMs Over Alleged Price-Fixing Scheme
Jan 14, 2025 by
CPI
Apple and Amazon Avoid Mass Lawsuit in UK Over Alleged Collusion
Jan 14, 2025 by
CPI
Top Agent Network Drops Antitrust Suit Against National Association of Realtors
Jan 14, 2025 by
CPI
Weil, Gotshal & Manges Strengthens Antitrust Practice with New Partner
Jan 14, 2025 by
CPI
Russian Court Imposes Hefty Fine on Google for Non-Compliance with Content Removal Orders
Jan 14, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand