A PYMNTS Company

US: Senators seek DOJ vetting of possible Comcast/Fox deal

By  |  July 12, 2018

Some high-profile media consolidation critics in the  US Senate have called on the Department of Justice’s (DOJ ) antitrust division to conduct a thorough review of Comcast’s bid for Fox assets, reported The Hill.

Comcast does not have a deal yet as it is in a bidding war with Disney, but the senators are not waiting for a victor.

“In addition to horizontal concerns over local stations and regional sports programming, further consolidation that enhances and reinforces Comcast’s vertically integrated status as both a distributor and creator of media poses unique challenges, especially given that the merger would provide a majority stake in the streaming service Hulu,” the letter reads.

The letter was signed by Senators Richard Blumenthal (Democrat-Connecticut), Elizabeth Warren (Democrat-Massachusetts), Bernie Sanders (Independent-Vermont) and Ed Markey (Democrat-Massachusetts).

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.