Senator has called on FCC to review the proposed acquisition
Boston (November 4, 2016) – Senator Edward J. Markey (D-Mass.), a member of the Commerce, Science and Transportation Committee, today sent a letter to Commerce Committee leadership urging them to schedule a hearing on the video and media marketplace in light of the proposed AT&T – Time Warner Inc. acquisition. Senator Markey sent the letter to Chairman John Thune (R-S.D.), Ranking Member Bill Nelson (D-Fla.), Chairman Roger F. Wicker (R-Miss.), and Ranking Member Brian Schatz (D-Hawaii). Last week, Senator Markey called on the Department of Justice and the Federal Communications Commission (FCC) to carefully review the proposed AT&T-Time Warner Inc. acquisition and assess whether the deal benefits consumers and promotes the public interest.
“Recent consolidation in the video and media market could have potentially dramatic and lasting impacts on customer choice and competition,” writes Senator Markey in the letter. “As the committee with jurisdiction over the media and video industry, the Senate Commerce, Science and Transportation Committee should carefully review the state of video and media market and assess the impact of recent and proposed consolidation on consumers, competition and innovation.
A copy of Senator Markey’s letter can be found HERE.