Comcast and NBC Universal Merger, Part 2

Feb 4, 2010

House Committee Energy & Commerce | Communications, Technology, and the Internet

Witnesses testified about the potential impact on the media marketplace of the proposed joint venture agreement between Comcast and NBC Universal. Among the issues they addressed were competition in the media marketplace, possible innovations which could result from the merger, the impact on local affiliates, and the affect on consumers.
Witnesses testified about the potential impact on the media marketplace of the proposed joint venture agreement between Comcast and NBC Universal. Among the issues they addressed were competition in the media marketplace, possible innovations which could result from the merger, the impact on local affiliates, and the affect on consumers.

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TIME SPEAKER TEXT
00:00:31 Boucher, Frederick "Rick" C.U.S. Representative THE SUBCOMMITTEE WILL RECONVENE. OUR APOLOGIES FOR THE LENGTHY DELAY. IT IS A MATTER OVER WHICH WE...
00:01:52 Roberts, Brian L.Chairman and CEO MR. ADAM THA DWRCHLT ER IS THE PRESIDENT OF THE PROGRESS AND FREEDOM FOUNDATION. WE WELCOME EACH OF...
00:07:33 Zucker, JeffPresident and CEO THE GREAT ICONS OF AMERICAN BROADCASTING AND COMMUNICATIONS PART OF THE COMCAST FAMILY. WE PROMISE...
00:13:10 Abdoulah, ColleenPresident and CEO COMPANY. THIS DEAL WILL GIVE US THE RESOURCES AND TOOLS TO INNOVATE AND ADAPT IN AN UNPREDICTABLE ...
00:18:58 Fiorile, MichaelChair COMPLAINANT WHO DOESN'T HAVE THE ACCESS TO THE DATA, SINCE THERE IS ABSOLUTELY NO PRICING TRANSPARENCY....
00:24:31 Cooper, Mark N.Director START IN FLUSHING OUT THE PRINCIPLES WHICH BOTH OF US CONSIDER IMPORTANT. WE BELIEVE THIS CAN STRENGTHEN...
00:30:34 Thierer, Adam D.President TEST FOR THE INTERNET AS THE ALTERNATIVE VIDEO PLATFORM THAT CAN COMPETE WITH CABLE. IF POLICYMAKERS...
00:35:26 Boucher, Frederick "Rick" C.U.S. Representative NEW BUSINESS MODELS AND OWNERSHIP STRUCTURES. ALTHOUGH THERE ARE NO GUARANTEES, DEALS LIKE COMCAST-NBC...
00:35:39 Q&A CRUCIAL SO WE CAN FIGURE OUT WHAT WORKS AND WHAT DOESN'T. THANK YOU AGAIN FOR INVITING ME HERE TODAY....
00:38:21 Roberts, Brian L.Chairman and CEO OWNER AND ONE OF THE FOUNDERS OF HULU. SO MR. ROBERTS AND MR. ZUCKER, MY QUESTION TO YOU IS THIS --...
00:40:08 Boucher, Frederick "Rick" C.U.S. Representative AND IT'S GROWING AT A VERY FAST RATE. SO IN THIS TRANSACTION, IF YOU LOOK AT THE FACTS, THERE ARE 30...
00:40:52 Zucker, JeffPresident and CEO I'M NOT AWARE EXACTLY WHAT SHE'S REFERRING TO, BUT -- DO YOU AGREE THAT SHE OUGHT TO HAVE ACCESS...
00:42:00 Stearns, CliffordU.S. Representative ARE DELIVERED OVER THE AIR BY NBC TODAY AND ARE THEN AVAILABLE ON THE NBC.COM WEB SITE FOR ONLINE VIEWING...
00:43:34 Cooper, Mark N.Director SO WHEN YOU MAKE THAT STATEMENT, YOU KNOW, COMCAST, NBC IS NOT ALL OF PRODUCTION, NOT ALL OF DISTRIBUTION....
00:45:23 Abdoulah, ColleenPresident and CEO RECORD OF COMCAST MAKING IT DIFFICULT FOR COMPETITORS TO ENTER. YOU CAN -- YOU'VE HEARD FROM THOSE...
00:45:48 Thierer, Adam D.President LOSE COMCAST, WILL DOMINATE AND WE'LL LOSE COMPETITION? HE'S BUTTRESSING YOUR ARGUMENT IN A WAY SO...
00:46:26 Stearns, CliffordU.S. Representative AND, YOU KNOW, I HEAR A LOT OF CONCERN ABOUT ADVERTISERS AND VIEWER OPTIONS FROM MARK. I'M SURE THE...
00:46:37 Abdoulah, ColleenPresident and CEO THEY HAVE A LOT OFONDS. I HAVE DATA I PRESENTED IN MY TESTIMONY THAT SHOWED HOW MANY DIFFERENT AVENUES...
00:47:00 Roberts, Brian L.Chairman and CEO GIVEN THAT COMCAST WOULD NOT BE GAINING ANY NEW CABLE PROPERTIES TO COMPETE WITH YOUR COMPANY, WHAT...
00:48:26 Abdoulah, ColleenPresident and CEO I'M SURE SOMEWHERE WE'LL TALK ABOUT THE INTELLECTUAL PROPERTY AND HOW TO PROTECT IT. WE ARE VERY MUCH...
00:48:49 Waxman, HenryU.S. Representative THAT'S WHERE THE CONSUMER WANTS TO BE. MAY I RESPOND TO THAT -- CLARIFY -- SURE, VERY QUICKLY. PARDON...
00:49:36 Roberts, Brian L.Chairman and CEO PROTECTING CONTENT AVAILABLE ON LINE, ONLINE CONTENT THEFT IS A SERIOUS PROBLEM. IT'S A DRAIN ON OUR...
00:53:36 Waxman, HenryU.S. Representative WOW, DISH NETWORK, VERIZON FIOS, AT&T UVERSE COMPELS US TO HAVE A PRODUCT AS FAIRLY EXCITING, PRESENTED...
00:53:53 Zucker, JeffPresident and CEO YOUR CONTENT AND OTHER CONTENT NOT PRODUCED BY YOUR ORGANIZATION -- WE HAVE TO GET THE BEST CONTENT,...
00:54:14 Waxman, HenryU.S. Representative EXPECTING COMCAST TO LOOK OUT FOR ITS OWN, AND IF SO, WOULD YOU EXPECT SUCH A PREFERENCE TO BE GOOD...
00:54:39 Buyer, Steve "Stephen"U.S. Representative MR. CHAIRMAN, I KNOW MY TIME HAS EXPIRED. I WANT TO POINT OUT THAT COMPANIES LIKE PEOPLE ENERGIY ...
00:58:59 Roberts, Brian L.Chairman and CEO THAT IT WILL NOT DENY ITS VIDEO DISTRIBUTION RIVALS ACCESS TO THE NBC U. BROADCAST OR CABLE PROGRAMMING...
01:03:33 Dingell, John D. Jr.U.S. Representative YOU SUBMIT THE BALANCE OF THOSE ANSWERS IN WRITING. WE'RE GOING TO BE SUBMITTING SOME ADDITIONAL QUESTIONS...
01:06:18 Roberts, Brian L.Chairman and CEO AGAIN, MR. ROBERTS, FURTHER, PUT UP ROADBLOCKS TO FIRST OR INITIAL CONTRACT NEGOTIATIONS WITH THE...
01:06:36 Dingell, John D. Jr.U.S. Representative SHOULD THEY BREAK DOWN BETWEEN COMCAST AND EMPLOYEES SEEKING TO FORM A UNION? WILL COMCAST SUPPORT OR...
01:07:00 Cooper, Mark N.Director HAVE A BREAKDOWN. SO IF THAT'S A HELPFUL WAY, THAT'S SOMETHING WE'LL CONSIDER, SURE. NOW THESE QUESTIONS...
01:07:30 Abdoulah, ColleenPresident and CEO EFFORT TO EXTEND THE MARKET DIVISION AGREEMENT THAT HAS EXISTED BETWEEN CABLE OPERATORS AND PHYSICAL...
01:07:55 Roberts, Brian L.Chairman and CEO I'M GOING TO REQUEST MS. ABDOULAH GIVE US HER COMMENTS. I'M CONCERNED, SIR, FOR TWO REASONS. ONE,...
01:08:32 Dingell, John D. Jr.U.S. Representative I THINK THAT TV EVERYWHERE JUST TO BE CLEAR IS MEANT TO SAY IF YOU'RE SUBSCRIBEING THE WAY IT WAS...
01:09:05 Roberts, Brian L.Chairman and CEO DR. COOPER ASSERTS THAT A LACK OF COMPETITIVE PRESSURE HAS FAILED TO PRODUCE APPRECIABLE DOWNWARD...
01:10:03 Abdoulah, ColleenPresident and CEO SNEFT IS -- OUR SNIFF IS ANY DIFFERENT GIVEN THE TWO COMPANIES COMING TOGETHER. I THINK THAT THE QUALITY...
01:10:38 Cooper, Mark N.Director WE ASKED COMCAST SPECIFICALLY FOR THE RIGHTS, AND THEY -- WE GOT SORT OF EXCUSES LIKE IT'S NOT READY...
01:11:14 Markey, Edward J.U.S. Representative THEIR ITEMS, INCREASED THE PRICE OF CABLE, INCREASED THE MARGIN CABLE CUSTOMERS. THAT IS INCONSISTENT...
01:12:46 Roberts, Brian L.Chairman and CEO IT'S NOT A COMCAST IDEA. SO HOW CAN WE ENSHRINE THESE PRINCIPLES OF NONDISCRIMINATION AGAINST THOSE...
01:17:07 Inslee, JayU.S. Representative SO THAT'S THE CONVERSATION I THINK WE HAVE TO HAVE GOING FORWARD, AND THIS AGREEMENT THAT YOU HAVE...
01:18:30 Roberts, Brian L.Chairman and CEO ABDOULAH IF WE SHOULD CONSIDER BRINGING THOSE ACCESS PROCEDURES UP TO SPEED, FOR INSTANCE, BY REQUIRING...
01:20:54 Abdoulah, ColleenPresident and CEO BUT I -- I THINK THAT WE HAVE NO PROBLEM WITH THE FCC HAS SAID IT WANTS TO REVIEW HOW IT TIMELY RESOLVES...
01:22:51 Boucher, Frederick "Rick" C.U.S. Representative FAIR AND IT'S MARKET BASED, AND THE TIMING. THAT THERE'S A SET TIMING FOR THE ARBITRATION PROCESS....
01:23:23 Blackburn, MarshaU.S. Representative THIS ROOM BECAUSE AT 2:00 THERE WILL BE A HEARING INVOLVING SECRETARY SEBELIUS ON THESE PREMESIS....
01:26:40 Matsui, Doris O.U.S. Representative THANK YOU ALL. I YIELD BACK. WE WILL ASK THOSE TO WHOM THOSE QUESTIONS WERE ASKED TO RESPOND IN WRITING?...
01:27:37 Fiorile, MichaelChair DISADVANTAGE. IN YOUR ITEM YOU TALK AT A STRONG SET OF SEPARATION REQUIREMENTS FOR THE SUBSIDIES OF...
01:28:38 Zucker, JeffPresident and CEO BETWEEN THE TWO. AND IN FAMILIAR, A REMEDY THAT THAT CABLE CARRIER COULD FIND IF WE WERE AT STAND STILL...
01:28:52 Matsui, Doris O.U.S. Representative IS THE NETWORK COULD BE BROUGHT IN AROUND THE LOCAL AFFILIATES, CIRCUMVENTING THE PROCESS. DO YOU AGREE,...
01:29:23 Cooper, Mark N.Director OKAY, AS I MENTIONED IN MY STATEMENT. THERE ARE CONCERNS THAT THE JOINT VENTURE MAY CAUSE A DOMINO...
01:30:15 Castor, Katherine "Kathy" AnneU.S. Representative WILL SAY, I HAVE TO HAVE THE SAME DEAL. YOU'LL CREATE A SITUATION IN WHICH EVERYONE IS SEEKING TO ...
01:31:30 Zucker, JeffPresident and CEO WE'RE NOT SERVED -- COMCAST CABLE IS VERY MINOR SHARE OF THE MARKET. VERIZON HAS A MUCH LARGER SHARE....
01:32:35 Fiorile, MichaelChair THEY'LL HOPE TO BE ABLE TO PLAY A CONSTRUCTIONIVE ROLE IN RETRANS CONVERSATIONS, ALL OF THOSE GIVE...
01:33:05 Cooper, Mark N.Director I WOULD LOOK FOR A STRONGER CONDITION AND MORE SEPARATION. AND SOME CLARITY. ON NONINTEGRATION OF BOTH...
01:33:35 Zucker, JeffPresident and CEO TO DEMAND BIGGER BUNDLES AT HIGHER PRICES FROM YOUR LOCAL CABLE OPERATOR, WHO IS NOT COMCAST. THAT...
01:34:03 Rush, BobbyU.S. Representative NOT APPLIED TO NBCU. THEY WILL APPLY GOING FORWARD. WE'LL NOW BE SUBJECT TO THOSE RULES. I THINK THERE...
01:34:56 Roberts, Brian L.Chairman and CEO FOSTER FOSTER MINORITY OWNERSHIP? AND RECRUITING AND RETENTION OF MINORITY EMPLOYEES? TO THE EX-TENT...
01:37:10 Welch, PeterU.S. Representative THERE'S A GREAT OPPORTUNITY TO SMALLER OWNERSHIP THAN JUST THE LARGE OWNERS.
01:37:23 Roberts, Brian L.Chairman and CEO MR. RUSH CAN WE MOVE ON? THANK YOU VERY MUCH. THE GENTLEMAN FROM VERMONT, MR. WELCH IS RECOGNIZED FOR...
01:38:59 Abdoulah, ColleenPresident and CEO I REALIZE ARBITRATION IS AVAILABLE FOR A SMALLER PROGRAM, LIKE THE WOW NETWORK HAD A DISPUTE ABOUT...
01:39:40 Welch, PeterU.S. Representative IT IS A LONG PROCESS. THE WORST PART ABOUT SIT TWO THINGS. DO NOT GET GUARANTEED THAT THE PROGRAMMER...
01:40:01 Cooper, Mark N.Director SECONDARILY, I WOULD HAVE TO BE THE ONE THAT WOULD PROVE THAT THE PRICING'S NOT RIGHT. I DON'T HAVE...
01:40:44 Christensen, Donna M.Congressional Delegate ENFORCING THE CONDITIONS. ON THIS MERGER, THE ANSWER IS, IT SHOULD NOT GO FORWARD AND CONGRESS NEEDS...
01:41:23 Roberts, Brian L.Chairman and CEO THE UNIONS, ESPECIALLY THE CWA HAS CONCERNED BASED ON WHAT THEY SAY HAVE BEEN A DIFFICULT HISTORY....
01:43:10 Doyle, Michael "Mike" F.U.S. Representative I THINK IT STARTS WITH HAVING A GREAT RELATIONSHIP WITH YOUR EMPLOYEES. IF THEY'RE IN A UNION, RESPECTING...
01:44:31 Roberts, Brian L.Chairman and CEO CURRENTLY DISCONNECT USERS. I APPRECIATE THAT POLICY. THERE'S THOUGH AVENUES FOR THE USE TOERS HAVE...
01:46:19 Boucher, Frederick "Rick" C.U.S. Representative THAT THREE STRIKE. WE'RE TRYING TO FIGURE THAT OUT AS WE SPEAK. WE'RE GOING TRY TO USE BOTH STROIS...
01:46:38 Dingell, John D. Jr.U.S. Representative I UNDERSTAND. THANK YOU VERY MUCH. THANKS TO ALL OF THE MEMBERS FOR THEIR EXPEDITIOUS QUESTIONS ...
01:47:06 Boucher, Frederick "Rick" C.U.S. Representative MR. CHAIRMAN, I WOULD ALSO URGE THAT THE COMMITTEE CALL THE FCC AND THE DEPARTMENT OF JUSTICE BEFORE...

NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.

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PEOPLE GRID LIST

  • Thierer, Adam D.
  • Roberts, Brian L.
  • Cooper, Mark N.
  • Abdoulah, Colleen
  • Zucker, Jeff
  • Fiorile, Michael
  • Buyer, Steve "Stephen"
  • Dingell, John D. Jr.
  • Boucher, Frederick "Rick" C.
  • Blackburn, Marsha
  • Stearns, Clifford
  • Markey, Edward J.
  • Waxman, Henry
  • Matsui, Doris O.
  • Inslee, Jay
  • Doyle, Michael "Mike" F.
  • Christensen, Donna M.
  • Castor, Katherine "Kathy" Anne
  • Rush, Bobby
  • Welch, Peter

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