You can add a prominent media analyst to the chorus of critics of U.S. Federal Trade Commission Chair Lina Khan.
“We believe Khan’s commentary lacked a fundamental understanding of the state of competition in the media sector today and the benefits the current market structure is yielding consumers,” LightShed Partners analyst Richard Greenfield and his colleagues assert in a dissection of Khan’s comments during a recent podcast with The Ankler.
“If legacy media companies are prevented from consolidating, we believe they will be less capable of competing with tech giants and the end result will be less content for consumers at higher prices,” Greenfield said in a note Thursday. Following recent losses to Facebook parent Meta Platforms Inc. META, -1.35% and Microsoft Corp. MSFT, -1.56% over proposed acquisitions, the agency is in need of a win of some sort. Meanwhile, a years-long-rumored crackdown on Amazon.com Inc. AMZN, -2.07% has yet to happen, even though the FTC is apparently close to filing a complaint, according to reports.
Expanding on the second-guessing of Khan is the perception that the agency’s approach is overly ambitious.
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