Today, Walt Disney Co. announced a deal to acquire significant programming assets from 21st Century Fox Inc. The deal would unite two substantial content companies and mark the second media mega-merger to face antitrust scrutiny next year. Public Knowledge contends that this merger may pose harms to competition and consumers by further consolidating must-have programming assets and major motion picture studios, and ultimately leading to consumers paying higher prices for video content.
Today, Public Knowledge President Gene Kimmelman submitted a statement to the U.S. Senate Committee on the Judiciary’s Subcommittee on Antitrust, Competition, and Consumer Rights. His statement in the December 13 hearing on “The Consumer Welfare Standard in Antitrust: Outdated or a Harbor in a Sea of Doubt?” contends we need more than antitrust law to promote market competition that benefits consumers.
Today, Public Knowledge joined conservative groups -- including the Tea Party Patriots and Frontiers of Freedom -- in a letter to Attorney General Jeff Sessions requesting that the Department of Justice block or condition the proposed AT&T-Time Warner merger.
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.