The House Judiciary Committee will hold a public hearing on the proposed Comcast-NBC Universal merger worth a reported $30 billion next Monday in Los Angeles.
There has been much speculation in the media regarding the impact of the proposed merger, with state governors proposing allowing the merger to go through. California Governor Arnold Schwartzenegger is in favor of the merger. The FCC recently sent an 18-page questionnaire to Comcast and NBC Universal about the merger, asking questions on customer dissatisfaction, current holdings, service pricing, and required term agreements and penalties, like early termination fees.
Free Press Associate Program Director Josh Stearns said the proposed merger would have a drastic impact on consumer choice and content creation. “The Comcast-NBC merger would combine the nationâ€™s largest cable and Internet provider with one of the largest content providers.â€
“Comcast would have a lockdown on content and distribution platforms, and would own 1 in 5 television viewing hours, as well as a top movie studio in Universal Pictures.” Rep. John Conyers (D-Mich.), chairman of the House Judiciary Committee will be presiding at the hearing.
â€œThis merger also has the potential to start a wave of acquisitions by media companies seeking to compete with this new monster,â€ said Stearns. â€œThis hearing is vital to the Los Angeles community. It is crucial that the publicâ€™s voice is heard.â€
Date and Time of the Hearing:
Monday, June 7 at 9 a.m. at The Donald P. Loker Conference Center, 700 Exposition Park Drive, Los Angeles. The public is encouraged to attend.