WASHINGTON - U.S. Senators Mike Lee (R-UT) and Amy Klobuchar (D-MN), the chairman and ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, will hold a subcommittee hearing on the proposed AT&T, Time Warner acquisition sometime in November.
No final date has been set for the hearing yet.
“As Chairman and Ranking Member of the Antitrust Subcommittee, we have carefully examined consolidation in these industries to ensure that existing market leaders do not block or co-opt new options for receiving video content or exercise disproportionate control over the video content market,” Lee and Klobuchar said Sunday. “We will continue to carefully review and investigate any consolidation in this industry to makes sure that it does not harm consumers.”