JUSTICE DEPARTMENT WILL NOT CHALLENGE MERGER OF COMCAST AND AT&T BROADBAND

The following press release was published by the US Department of Justice on Nov. 13, 2002. It is reproduced in full below.

FOR IMMEDIATE RELEASE WEDNESDAY, NOVEMBER 13, 2002 WWW.USDOJ.GOV AT (202) 514-2007 TDD (202) 514-1888 WASHINGTON, D.C.- Following the announcement by the Federal Communications Commission that it would approve Comcast Corporation's proposed acquisition of AT&T Broadband, Inc. as restructured to place certain Time Warner Entertainment assets in a trust, the Department of Justice announced today that it will not challenge the transaction. After a thorough investigation and analysis that included a large number of interviews of industry participants and a review of documents from various firms in the business, the Department's Antitrust Division has closed its investigation into the merger. 02-671

Source: US Department of Justice