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Sen. Al Franken 'Skeptical' of AT&T-DirecTV Deal

6/17/2014

By Tim Molloy
TheWrap

Sen. Al Franken, a reliable critic of media mergers, says he is "skeptical" of the proposed merger between AT&T and DirecTV.

The companies announced over the weekend that they have reached a $67 billion deal in which AT&T will acquire DirecTV. The deal follows February's announcement that Comcast plans to acquire Time Warner Cable.

Also read: Senator Al Franken to Netflix CEO: What's Your Take on the Comcast-Time Warner Deal?

"I'm skeptical that this deal is in consumers' best interest," the Minnesota Democrat said in a statement. "We're witnessing a major transformation of the telecom industry — and it's going in exactly the wrong direction. We're moving toward an industry with fewer competitors — where corporations are getting bigger and bigger and gaining more and more control over the distribution of information"

Both the Comcast-Time Warner Cable and AT&T-DirecTV mergers need federal approval. Franken said he would push for the Federal Communication Commission to scrutinize the deal, and for congressional hearings.

Also read: Comcast-TWC Deal Draws More Fire From Al Franken in Senate

"This hurts innovation, and it's bad for consumers, who have been getting squeezed by higher bills," He said."

The post Sen. Al Franken 'Skeptical' of AT&T-DirecTV Deal appeared first on TheWrap.

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