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Article: Mega media mergers eyed.(Brief Article)
- Article from:
- Broadcasting & Cable
- Article date:
- March 27, 2000
- Author:
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Both Antitrust Assistant Attorney General Joel Klein and FTC Chairman Robert Pitofsky are increasingly concerned about mega media mergers, such as AOL-Time Warner and Viacom-CBS, they said last week at a hearing before the Senate Antitrust Subcommittee. "Whether there is more or less media concentration now I am not sure, but I am certainly looking at media mergers with heightened concern," Pitofsky said. "Mega mergers in media deserve very careful and thorough scrutiny," Klein said.
But Klein also believes competition is developing in the telecommunications marketplace because the means of distribution are increasing. "We are early in the process of the ...