WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee's antitrust subcommittee will hold a hearing on Dec. 7 on the proposed merger of Time Warner Inc <TWX.N> and AT&T Inc <T.N>, and the companies' chief executives will testify, the committee said in a statement.

"The hearing will examine the impact of the proposed transaction on consumers, including the implications for competition and innovation in the creation and distribution of video content," the statement said.

(Reporting by Eric Beech; Editing by Mohammad Zargham)