Comcast
FCC approves Comcast-NBC merger
Final approval from Justice Department expected today. Media giant must make programs available to competitors
FILE - In this Dec. 3, 2009 file photo, a sign outside the Comcast Center, left, is shown in Philadelphia. Comcast Corp. reported an 8 percent drop in third-quarter earnings Wednesday, Oct. 27, 2010, a decline caused by expenses related to its pending acquisition of NBC Universal and other one-time costs.(AP Photo/Matt Rourke, file)(Credit: AP) The Federal Communications Commission is giving Comcast, the country’s largest cable company, the green light to take over NBC Universal, home of the NBC television network.
The deal is still awaiting Justice Department approval, which is expected later Tuesday.
With the deal certain to transform the entertainment industry landscape, regulators are attaching conditions to prevent Comcast Corp. from trampling competitors once it takes control of NBC’s vast media empire.
Among other things, the government is requiring Comcast to make NBC programming available to rival cable companies, satellite operators and new Internet video services that could pose a threat to Comcast’s core cable business.
The FCC voted 4-to-1 Tuesday to let Comcast buy a 51 percent stake in NBC Universal from General Electric Co. for $13.8 billion in cash and assets.
