Senate Judiciary Committee to Hold Comcast-TWC Merger Hearing in March

Today the United States Senate announced that it plans to hold hearings on the Comcast-Time Warner Cable merger. The hearing is scheduled to take place March 26 before the Senate Judiciary Committee. The hearing is to figure out how the merger might affect market competition, television services, internet pricing and more. No doubt the FCC's Open Internet Order will be talked about during this hearing as well.

One of the facts lost in the shuffle of this deal is that Comcast would secure other media properties in addition to owning NBC Universal -related properties including New Line Cinema, Time Inc., HBO, Turner Broadcasting System, The CW Television Network, TheWB.com, Warner Bros., Kids' WB, Cartoon Network, Boomerang, Adult Swim, CNN, DC Comics, Warner Bros. Animation, Cartoon Network Studios, Hanna-Barbera, and Castle Rock Entertainment.

"The merger of Comcast and Time Warner Cable touches on important policy questions about how Americans access these valuable services," said Senate Committee Chairman Patrick Leahy in a statement.

"It also presents a critical moment to discuss net neutrality principles that have allowed the Internet to remain an open marketplace for ideas."

The merger must also meet the approval of the Federal Trade Commission, the Justice Department and the Federal Communications Commission.

You can read Senator Leahy's statement here.

Source: Reuters

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