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Article: Internet Eases Pressure on Media Mergers.(Brief Article)
- Article from:
- Multichannel News
- Article date:
- March 27, 2000
- Author:
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WASHINGTON -- The W Clinton Administration's top merger review chiefs last week signaled to Congress that the Internet explosion could lessen the competitive impact of media mergers, but said they would not let deals go through without close review.
Joel Klein, chief of the Justice Department's antitrust division, and Robert Pit of sky, chairman of the Federal Trade Commission, told a Senate subcommittee that large media mergers warrant close scrutiny; however, the Internet's multimedia features and openness could counter fears of an information bottleneck.
"There are some major mergers going on in this industry, but there is also innovation in the form ...