Hazlett Testifies Before House Committee on the Judiciary
Professor Thomas Hazlett was a witness before the House Committee on the Judiciary at its February 25 full committee hearing on Competition in the Media and Entertainment Distribution Market.
The hearing's focus was the proposed joint venture agreement that would give Comcast Corp. control of programming and content assets now operated by Comcast and General Electric Co.'s NBC Universal unit.
In his testimony, Hazlett expressed his belief that no one fully understands where today’s tide is headed. "Cable operators do not know if they need fear Verizon or Echostar, Google or Apple. Time Warner believes that splitting its cable operations from its program ownership is the best way to prepare for the coming storm. Comcast has come to a much different conclusion. Markets allow these rival strategies to be tested and winning strategies rewarded," he said.
In addition to Hazlett, witnesses at today's hearing included Comcast Chairman and CEO Brian Roberts, NBCU President and CEO Jeff Zucker, Independent Film & Television Alliance President and CEO Jean Prewitt, Consumer Federation of America Director of Research Mark Cooper, Communications Workers of America President Larry Cohen, Andrew Schwartzman of Media Access Project, and Marc Morial of the National Urban League.