PITTSBURGH, November 16, 2010 - "Last week, the American Cable Association presented a report from Professor William Rogerson (former Federal Communications Commission Chief Economist, 1998-99) demonstrating that the proposed combination of Comcast and NBC Universal would result in $2.4 billion of harm to consumers over a nine-year period. After almost a year of first producing and then revising its economic arguments to justify government approval of this transaction, Comcast is surprising no one by again revising its arguments for why this deal is not harmful to the American consumer. Professor Rogerson's conservative estimate shows that this proposed combination will produce billions of dollars of harm, and that the FCC and the Department of Justice cannot approve this deal without adopting robust remedies to ameliorate these harms."
About the American Cable Association
Based in Pittsburgh, the American Cable Association is a trade organization representing nearly 900 smaller and medium-sized, independent cable companies who provide broadband services for more than 7.6 million cable subscribers primarily located in rural and smaller suburban markets across America. Through active participation in the regulatory and legislative process in Washington, D.C., ACA's members work together to advance the interests of their customers and ensure the future competitiveness and viability of their business. For more information, visit http://www.americancable.org/
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