Wrangling the Regulators: Hollywood’s Urge to Merge is Dampened by Antitrust Policy Debate in Washington
variety.comLina Khan, FTC chair, has become a key voice of the modern progressive viewpoint on antitrust law — and a lightning rod in media and digital circles.
One new element in merger reviews that she has championed is to examine a deal’s impact on workers, employment levels and employees’ competitive mobility within a sector. “Over the last decade, we’ve heard mounting concerns about inadequate competition across key markets in the U.S.
economy,” Khan said last September in a speech at a Fordham University conference on antitrust law. “Evidence suggests that decades of mergers have been a key driver of weakened competition.
Evidence suggests that many Americans historically have lost out, with diminished opportunity, higher prices, lower wages and lagging innovation,” she continued. “A lack of competition also appears to have left segments of our economy more brittle, as consolidated supply and reduced investment in capacity can render us less resilient in the face of shocks.
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