Scrutiny For Comcast-NBC Deal
The Senate Judiciary Antitrust Subcommittee will hold a hearing, most likely in late January, to examine how Comcast Corp.'s pending bid for a majority stake in NBC Universal will affect consumers, particularly the price they may pay for cable television, Reuters reported Monday. Among those expected to testify include Comcast Chairman Brian Roberts and NBC Universal President Jeff Zucker as well as a consumer advocate and a representative from a competing firm, according to Reuters. Consumer groups have raised concerns about the merger, saying it could hurt competition in the video market.
The public interest group Free Press on Monday once again called on federal authorities to closely scrutinize the merger in light of a new initiative by Comcast and other cable and multichannel video operators to provide programming online to their subscribers. Free press and other groups have called on the Justice Department to investigate the initiative called TV Everywhere. (See related story).
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