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Senators Come Out Against Comcast-Time Warner Merger

posted by mrcoolbp on Wednesday April 22 2015, @04:42AM   Printer-friendly
from the monopoly-Time dept.

takyon writes:

Six leading Democratic senators have written to the Federal Communications Commission (FCC) and Department of Justice (DoJ) asking them to reject the proposed $45.2 billion acquisition of Time Warner by Comcast.

In the two-page letter, signed by Senators Franken, Sanders, Markey, Wyden, Warren, and Blumenthal, the senators warn that "Comcast-TWC's unmatched power in the telecommunications industry would lead to higher prices, fewer choices, and poorer quality services for Americans."

Sources have told the Wall Street Journal that both the FCC and DoJ are not happy with the proposed merger, and that the FCC may hold a formal hearing into the deal soon. Bloomberg also reported that staff attorneys at the DoJ's antitrust division are prepared to recommend blocking the deal [autoplay video].

 
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  • (Score: 2) by c0lo on Wednesday April 22 2015, @05:21AM

    by c0lo (156) Subscriber Badge on Wednesday April 22 2015, @05:21AM (#173829) Journal

    You have to wonder whether they've been under-bribed or taken out by a competitive bribe. If it's the second, I wonder which company is behind it?

    (now that I think of it...) There's nothing else in the equation that isn't related with bribes? Or is this a false dilemma?

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