Trump Blasts Comcast for ‘Routinely’ Violating Antitrust Laws Trump Blasts Comcast for ‘Routinely’ Violating Antitrust Laws – NTK Network

Trump Blasts Comcast for ‘Routinely’ Violating Antitrust Laws

"American Cable Association has big problems with Comcast. They say that Comcast routinely violates Antitrust Laws," Donald Trump tweeted.

By NTK Staff | 11.13.2018 @12:00pm
Trump Blasts Comcast for ‘Routinely’ Violating Antitrust Laws

President Donald Trump blasted Comcast on Twitter for “routinely” violating America’s antitrust laws on Monday.

“American Cable Association has big problems with Comcast. They say that Comcast routinely violates Antitrust Laws,” Trump tweeted.

Trump then quoted frequent guest panelist on Fox Business, Charlie Gasparino, who said, “These guys are acting much worse, and have much more potential for damage to consumers than anything AT&T-Time Warner would do.”

The American Cable Association (ACA) represents more than “700 small and medium-sized cable operators,” according to The Verge, and has asked the Department of Justice to “immediately” open an investigation into Comcast’s business practices.

The Verge reported:

“The ACA claims Comcast has a uniquely powerful hold on the US cable industry because it controls a large chunk of “must have” programming like NBC’s regional sports channels. The group argues that the Comcast “has shown a willingness to harm rivals” in the past, even while bound by a 2011 consent decree that expired earlier this year. The letter is dated November 6th but was published today, after Fox Business Networks reported on its existence last week.”

Trump’s tweet resulted in shares of Comcast to slip on Monday, according to CNBC, which reported that “the stock lost just under 1 percent by the end of trading Monday.”

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