Three top House Democrats want the Communications Subcommittee...
Three top House Democrats want the Communications Subcommittee to hold a hearing on industry consolidation, focusing on Comcast’s proposed purchase of Time Warner Cable, AT&T’s proposed purchased of DirecTV and the possibility of a SoftBank/T-Mobile deal. “If approved, these mergers…
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could have a lasting impact on the wireless and broadband marketplace as well as how video programming is produced, distributed, and consumed across multiple platforms, including broadband-delivered video services,” said Commerce Committee ranking member Henry Waxman, D-Calif., Communications Subcommittee ranking member Anna Eshoo, D-Calif., and Rep. Doris Matsui, D-Calif., in a letter to Chairman Fred Upton, R-Mich., and Subcommittee Chairman Greg Walden, R-Ore. (http://1.usa.gov/1q1xEEe). “The Communications and Technology Subcommittee with its oversight jurisdiction over the media and communications sector has a responsibility to ensure these proposals meet the public interest test and truly benefit American consumers.” A GOP aide has previously stressed to us that Walden prefers to watch these deals and let the expert agencies review the transactions, only intervening with a hearing if there are any problematic issues.