The Justice Department is conducting a wide-ranging antitrust investigation into whether cable companies are acting improperly to quash nascent competition from online video, according to people familiar with the matter.
Verizon Communications Inc. and Comcast Corp. executives defended Verizon’s proposal to buy airwaves from cable companies for $3.6 billion, arguing at a Senate hearing Wednesday that it wouldn’t hurt competition and would improve Verizon’s wireless service.