WASHINGTON – Sen. Orrin Hatch (R., Utah), one of the top Republicans on the Senate Judiciary Committee, warned against too much government intervention in the potential Comcast-Time Warner merger.
“Absent clear evidence of market failure, consumers benefit when the government allows free markets to allocate resources in the most efficient,” way possible, Hatch said at a Senate Judiciary hearing. “Government regulators must be especially careful not to intervene unwisely in such a technology dynamic market.”
Hatch conceded that the merger “raises issues that deserve attention” but in response to his questions, Comcast Executive Vice President David L. Cohen said the company faces a "fiercely competitive” broadband marketplace.
The company on Twitter posted a link showing that in each of the top 20 metropolitan areas, there are a dozen or more braodband options (excluding one that has no Comcast or Time Warner presence).