Washington, D.C. – On Thursday, May 8th at 9:30 a.m., the House Judiciary Committee will hold a hearing on Comcast Corporation’s proposed acquisition of Time Warner Cable. Yesterday, Comcast submitted a formal filing to the Federal Communications Commission (FCC) outlining its arguments in support of the transaction. The Department of Justice and the FCC are currently reviewing the proposed transaction.
Chairman Bob Goodlatte (R-Va.) and Regulatory Reform, Commercial and Antitrust Law Subcommittee Chairman Spencer Bachus (R-Ala.) issued the following joint statement on the hearing announcement:
“The House Judiciary Committee is pleased to announce the date of the Comcast-Time Warner Cable hearing. We believe that holding the hearing on May 8th will allow the Committee and consumers an opportunity to review Comcast’s arguments in support of the transaction included in the FCC filing. We look forward to conducting a balanced hearing on the proposed transaction and ensuring that both consumers and competition in the marketplace are protected.”
The hearing will be held in 2141 Rayburn House Office Building. Additional information on the Comcast-Time Warner Cable hearing will be released closer to the hearing date.