Statement by CFIF President Jeffrey Mazzella On Comcast's Announced Interest In Bidding for 21st Century Fox Assets Print
Wednesday, May 23 2018

ALEXANDRIA, VA  This morning, Comcast announced that it is considering and preparing an offer for certain assets of 21st Century Fox.  In response, Jeffrey Mazzella, President of the Center for Individual Freedom, issued the following statement: 

"Today's announcement is yet more evidence that free markets work.  Instead of currying regulatory favor, bidders must be allowed to compete openly and fairly, and 21st Century Fox's board of directors must act in the best interests of its shareholders. 

"Despite the empty arguments we may hear from anti-market extremists for whom more government intervention is the answer to every question, the undeniable truth is that the film and television businesses have never been more competitive, dynamic or creatively rich.  Consumers have more choices than ever before and consumers, not government bureaucrats, are empowered to pick winners and losers with their viewing choices.  In such a competitive environment, there's no credible argument for why a proposed merger like this one shouldn't be approved."   

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