House Energy & Commerce Committee Chairman Henry Waxman says he will work with Rep. Rick Boucher, chairman of the Communications Subcommittee, to schedule hearings on the deal Waxman says “has the potential to reshape the media marketplace,” as soon as possible.
House Energy & Commerce Committee Chairman Henry Waxman today announced that he wants to see hearings concerning the $13.75 billion Comcast-NBCU deal.
“The proposed Comcast-NBC Universal joint venture agreement,” he said in a statement, “has the potential to reshape the media marketplace. This proposal raises questions regarding diversity, competition and the future of the production and distribution of video content across broadcasting, cable, online, and mobile platforms.
“It is imperative that the FCC, the Justice Department, and the FTC rigorously assess whether this transaction is in the public interest.
“I will work with Rep. Rick Boucher, chairman of the Subcommittee on Communications, Technology and the Internet, to schedule hearings on this matter at the earliest practicable date.”
Later in the day, Boucher made the following statement: “My Subcommittee intends to learn more about the planned Comcast-NBC Universal joint venture, which has the potential to significantly change the communications marketplace. At an appropriate time next year, our Subcommittee will conduct a hearing with the goal of ensuring that the combination is in the consumer interest.”