By on May 8th, 2014. This post currently has no responses.

Philly.Com: Comcast-TWC Back on Capitol Hill for Deal Scrutiny Read

“Comcast executive vice president David Cohen testified for the company, and his voice grew hoarse over time.

The strongest comments against the deal came from Allen P. Grunes, a former federal antitrust investigator and now a Washington, D.C., attorney. He said the Clayton Antitrust Act of 1914 says a deal would be anti-competitive if it “may substantially lessen competition or tend to create a monopoly.”

A merged Comcast and Time Warner Cable could thwart online video competition because of its large share of the residential broadband market, Grunes said. He also was concerned about Comcast/Time Warner Cable’s economic power in local cable-TV advertising markets and regional sports networks that could be used as leverage against pay-TV competitors.”


Read more at http://www.philly.com/philly/business/20140509_Before_a_House_committee__Comcast_exec_fields_more_questions_on_Time_Warner_merger.html#8mSQgBfTjUyS2Hj3.99

Comcast-TWC Back on Capitol Hill for Deal Scrutiny Read more at http://www.philly.com/philly/business/20140509_Before_a_House_committee__Comcast_exec_fields_more_questions_on_Time_Warner_merger.html#8mSQgBfTjUyS2Hj3.99