Cohen: Comcast Represents The American Dream

Comcast EVP David Cohen told U.S. senators at a hearing on the merger with Time Warner Cable that his company represented the "American dream." Acquiring TWC will provide "the scale to innovate." However, the proposed deal faced "a high degree of skepticism."

"The transaction will not result in any reduction in competition or consumer choice in any market," Cohen added. "We won’t gain undue power over programmers."

Cohen later faced a question from Sen. Patrick Leahy (D., Vt.) over his previous statements that bills would not go down and that increases may not even slow as a result of the Time Warner deal. Cohen said he was being honest – he can’t guarantee price drops --but that the deal would benefit customers.

"Whatever economic benefits are generated will ultimately inure to the benefit of consumers," Cohen said. With so many options online and elsewhere, he said, consumers "are in the driver’s seat."