Regulators should block Comcast buying Time Warner Cable...
Regulators should block Comcast buying Time Warner Cable as being bad for consumers, said the American Antitrust Institute in a white paper released Wednesday (http://bit.ly/1xJTv56). The deal would let Comcast “exercise buyer market power against content and middle-market service providers…
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and potentially exclude rivals,” said AAI in a news release (http://bit.ly/1uXUT1Y). “The deal doesn’t pass the cost-benefit test,” said AAI President Bert Foer. With the net neutrality debate and AT&T agreeing to buy DirecTV (see separate report above in this issue) and other telecom deals occurring at the same time as Comcast/Time Warner Cable, regulators should adopt a “go-slow policy” in deciding to approve it, AAI said. “We don’t think the merger is fixable, given what would need to be done on the remedies side to ensure that competition and consumers are not harmed,” said Vice President Diana Moss. Comcast had no immediate response.