National Journal: Senate Democrats Press Regulators to Kill Comcast Deal
Sen. Al Franken is leading the crusade against Comcast’s purchase of Time Warner as the government nears a decision.
Six liberal senators urged federal regulators on Tuesday to block Comcast’s planned $45 billion purchase of Time Warner Cable.
The effort, led by Democratic Sen. Al Franken of Minnesota, comes as the Justice Department and the Federal Communications Commission edge closer to a decision on the massive cable deal.
The companies are set to meet Wednesday with the Justice Department in an attempt to convince officials to let the deal go through. Justice Department staff lawyers are leaning towards recommending that their superiors block the deal, Bloomberg reported last week.
The senators are pressing the agencies to ignore the pleas of the cable companies.
“Should the transaction survive the FCC’s and DOJ’s reviews, we believe that Comcast-TWC’s unmatched power in the telecommunications industry would lead to higher prices, fewer choices, and poorer quality services for Americans—inhibiting U.S. consumers’ ability to fully benefit from modern technologies and American businesses’ capacity to innovate and compete on a global scale,” wrote Franken, along with Democratic Sens. Edward Markey of Massachusetts, Ron Wyden of Oregon, Elizabeth Warren of Massachusetts, and Richard Blumenthal of Connecticut, along with independent Sen. Bernie Sanders of Vermont.