WASHINGTON, DC – U.S. Senator Amy Klobuchar released the following statement on the announcement of The Walt Disney Company’s potential acquisition of 21st Century Fox:
"This week we have seen the announcement of another industry-changing merger, which would have major implications in television, film, and media. Yesterday, Disney announced that it is acquiring 21st Century Fox’s film and television studios, cable entertainment networks, and international television businesses. I’m concerned about the impact of this transaction on American consumers.”
“As the Ranking Member of the Senate Judiciary Subcommittee on Antitrust, I have asked Senator Lee, who has worked closely with me in this area in the past, and Chairman Grassley to schedule a hearing on the proposed merger so that there is appropriate oversight over the antitrust review process.”
Klobuchar is the Ranking Member on the Subcommittee on Antitrust, Competition Policy and Consumer Rights. She has chaired or been the Ranking Democrat on hearings regarding mergers in the telecommunications, health insurance, airlines, music publishing, beer, and contact lens industries.
This week she met with Assistant Attorney General Makan Delrahim about current issues in antitrust law and policy and the need for continued vigilance in this area.