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Amy Klobuchar

U.S. Lawmakers Press Comcast On Time Warner Cable Merger

Executives from Comcast Corp (NASDAQ:CMCSA) and Time Warner Cable Inc (NYSE:TWC) are expected to defend their plan to merge as they go before the Senate Judiciary Committee on Wednesday, the first hearing since the $45.2-billion deal was announced in February.The proposed merger has stirred the ire of public interest groups who worry that a bigger Comcast would have too much clout over fast-growing broadband, free rein to raise cable rates and more power over what Americans watch on television.David Cohen, executive vice president of Comcast, and Arthur Minson, TWC's finance chief are expected to argue that their cable and broadband services do not compete with each other. Time Warner customers also stand to get faster Internet speeds and better cable service, the companies have said.Further, they are likely to reiterate that Comcast faces competition in both Internet and video markets from the likes of Google Inc <GOOG.O> and Apple Inc <AAPL.O> - an argument Comcast made in filings wi...

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