(AP Photo/Richard Drew)

Following the news that Disney plans to scoop up a large part of 21st Century Fox’s media assets, the American Cable Association is urging a “full federal investigation” of the proposed $52.4 billion transaction.

“The Disney-Fox marriage not only will create one of the world's largest entertainment conglomerates but will give the combined company control of critical video programming that can be bundled together to harm consumers in local and national markets,” ACA President and CEO Matthew Polka said in a statement.

The ACA represents nearly 750 smaller and medium-sized independent cable companies, and Polka signaled concern about the market power of a company that combines Fox’s regional sports networks and Disney’s ESPN offerings.

“In particular, Disney-Fox will become the largest holder of key local and national sports programming rights. It also will gain control of more national cable programming networks, and a significant stake in Hulu — an increasingly popular online distribution service,” Polka noted. “These assets will be in addition to Disney's national broadcast network (ABC) and multiple owned and operated ABC television stations. Because the combined company post-transaction could leverage these programming assets to undermine competition to the detriment of consumers, federal agencies must fully investigate the proposed combination to ensure that it neither violates antitrust laws nor is inconsistent with the public interest."

Whether regulators will favor the deal remains to be seen, as the Justice Department sued to block the proposed media megamerger of AT&T and Time Warner in November.  

However President Donald Trump supports the Disney-Fox deal, and the White House said he called Rupert Murdoch to congratulate him.