Upton, Walden, Terry Express Concern with FCC's Tactics in Approving Comcast-NBC Universal Transaction
WASHINGTON, DC - Congressman Fred Upton (R-MI), Chairman of the House Energy and Commerce Committee, joined Reps. Greg Walden (R-OR) and Lee Terry (R-NE), Chairman and Vice Chairman of the Subcommittee on Communications and Technology, respectively, in releasing the following statement upon the Federal Communications Commission's (FCC) approval of the Comcast-NBC Universal transaction:
"We are glad Comcast can now get back to doing business and creating jobs, but the price of doing so should not be coerced compliance with the heavy-handed tactics of an overreaching FCC. The FCC's efforts to circumvent both the free market and courts by railroading job- and investment-harming net neutrality provisions, as well as regulation of nascent Internet-distributed video, represent more of a Chicago-style shakedown than the thoughtful deliberation this transaction deserved. We will be examining whether changes in the FCC's transaction review process are needed as we exercise congressional oversight in the weeks to come."