Yesterday, Senator Amy Klobuchar (D-MN) introduced the Merger Enforcement Improvement Act, a bill that promotes merger enforcement and protects competition. Senator Klobuchar also introduced the Consolidation Prevention and Competition Promotion Act of 2017.
Yesterday, Public Knowledge filed a Reply to the Opposition Sinclair and Tribune filed to Public Knowledge, Common Cause, and United Church of Christ, OC Inc.’s original Petition to Deny, which asked the FCC to stop the merger of those companies.
Last week, the Federal Trade Commission approved the merger between internet-giant Amazon and Whole Foods, the original organic grocer. You may be surprised how quickly the merger passed regulatory muster, especially given the public’s desire for strong antitrust enforcement to promote vigorous competition and equity in our economy, including our digital one. You may be wondering: Is this a case of weak enforcement? Is it proof that today’s antitrust doctrine is useless for digital-age companies? Or are critics of growing digital market concentration simply wrong to express concern? My guess is “none of the above.” Here’s why.