DirecTV Urges Feds to Scrutinize Comcast-Time Warner Deal
Source: Philadelphia Inquirer
NEW YORK (TheStreet) -- Satellite TV provider DirecTV has weighed in on the most hotly-contested M&A move in years: Comcast's bid to buy up Time Warner Cable .
On a post-earnings conference call, DirecTV CEO Mike White pressed federal regulators to ensure the deal is "appropriately scrutinized" in ways more "unique" than other transactions might face.
"If the deal is approved as proposed, it clearly represents an unprecedented media concentration in one company," White said on the call.
Of particular concern is that the combined companies would hold an effective broadband monopoly with dominance in two-thirds of the U.S.
Read more: http://business-news.thestreet.com/philly/story/directv-urges-feds-to-scrutinize-comcast-time-warner-deal/12432539
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