Lee, Klobuchar Respond to AT&T, Time Warner Deal
WASHINGTON—Today, Senators Mike Lee (R-UT) and Amy Klobuchar (D-MN), the chairman and ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, issued the following statement in response to AT&T’s agreement to buy Time Warner:
“As Chairman and Ranking Member of the Antitrust Subcommittee, we have carefully examined consolidation in the cable and video content industries to ensure that it does not harm consumers. An acquisition of Time Warner by AT&T would potentially raise significant antitrust issues, which the subcommittee would carefully examine.”
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Sunday, October 23, 2016
Lee, Klobuchar to Hold Hearing on AT&T, Time Warner Deal
WASHINGTON - U.S. Senators Mike Lee (R-UT) and Amy Klobuchar (D-MN), the chairman and ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, will hold a subcommittee hearing on the proposed AT&T, Time Warner acquisition sometime in November.
No final date has been set for the hearing yet.
“As Chairman and Ranking Member of the Antitrust Subcommittee, we have carefully examined consolidation in these industries to ensure that existing market leaders do not block or co-opt new options for receiving video content or exercise disproportionate control over the video content market,” Lee and Klobuchar said Sunday. “We will continue to carefully review and investigate any consolidation in this industry to makes sure that it does not harm consumers.”
