X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Even if Comcast can get its bid for AT&T Broadband past AT&T’s board of directors and shareholders, the company faces another, equally important hurdle: regulatory approval from the Federal Communications Commission, as well as from either the Justice Department or the Federal Trade Commission. The FCC is already in the midst of developing a new benchmark for cable ownership limits, after a federal appeals court, partly at AT&T’s urging, threw out the FCC’s previously established 30 percent ownership cap in March. The FCC is expected to propose a new, higher cap in the next few months. Comcast’s new market share should come in below that cap, especially if it didn’t include AT&T’s minority stake in Time Warner Entertainment, but the FCC could still block the deal as being against the public interest. FCC Chairman Michael Powell is skeptical about regulating media ownership consolidation, however. In addition to an FCC review, either the DOJ or the FTC would perform an antitrust review of the acquisition. But analysts expect that the Bush appointees at those agencies — who, like Powell, are more laissez-faire than their predecessors — would clear the deal. “The problem is not the regulatory problem,” said Legg Mason analyst Blair Levin. “The problem is how do you get it in front of shareholders.” Consumer advocates already are marshalling opposition to government approval of the prospective deal, akin to the broad campaign mounted against the AOL Time Warner merger. Jeffrey Chester, executive director of the Center for Digital Democracy, said the deal would be “a recipe for disaster in terms of competition and consumer interests.” Related Articles from The Industry Standard: Why AT&T Broadband Is Cheap CNN to Cease Personalized Internet News Service EU Investigators Raid Mobile Operators Copyright � 2001 The Industry Standard

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.