Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: THURSDAY, October 21, 1993 TAG: 9310210135 SECTION: BUSINESS PAGE: B8 EDITION: METRO SOURCE: Los Angeles Times DATELINE: WASHINGTON LENGTH: Short
In a two-page memorandum sent to Assistant Attorney General Anne K. Bingaman, former FCC commissioner Nicholas Johnson, Nader and three others argued that the combination of TCI and Bell Atlantic "would lead to less competition and less diversity."
They also decried "attempts by large cable companies, particularly Time Warner and TCI, to leverage their monopolistic control" over local cable franchises "to obtain monopolistic control over cable programming channels."
The group's memo, which comes after recent criticism of the deal by some key lawmakers, appeared aimed at increasing pressure on the Clinton administration to re-examine the federal government's generally loose antitrust policy of the past three administrations.
Under that approach, the government has focused almost exclusively on price-fixing cases and permitted most mergers to occur.
Both Malone and Bell Atlantic chairman Raymond C. Smith - who attended a "Networked Economy" industry conference in Washington on Wednesday - expressed confidence that their proposed merger will be approved.
The two executives also insisted that the merger would promote competition in the industry. "Consumers are now paying a premium for not having a choice," Smith said.
by CNB