Feds pledge tough review of Comcast-NBC deal

March 11, 2010

(AP) -- Federal regulators are pledging a rigorous review of the proposed combination of Comcast Corp. and NBC Universal.

Christine Varney, head of the Justice Department's antitrust division, and Julius Genachowski, chairman of the , said their agencies will examine the transaction closely to ensure the deal does not stifle competition or harm consumers. Varney and Genachowski made their comments at a Senate Commerce Committee hearing Thursday.

, the nation's largest cable company, is seeking approval to acquire a 51 percent stake in NBC Universal from Co. The Justice Department and the FCC are expected to approve the combination with conditions attached. But the review could last at least all year.

Explore further: Justice Department to review Comcast, NBC deal

0 shares

Related Stories

House Democrats challenge Comcast, NBC on deal

February 4, 2010

(AP) -- House Democrats are challenging executives from Comcast and NBC Universal to show that the cable TV operator's plan to take control of the NBC media empire won't hurt consumers and competitors.

Comcast, NBC say deal would not hurt competition

January 28, 2010

(AP) -- Comcast Corp. and NBC Universal said the cable TV operator's plan to take control of the NBC media empire shouldn't raise significant antitrust concerns because the companies operate in separate and highly competitive ...

Comcast CEO says law protects rivals in NBC deal

January 27, 2010

(AP) -- Comcast Chief Executive Brian Roberts says existing law would prevent the cable TV operator from denying satellite TV companies and other rivals access to NBC Universal programming on reasonable terms.

Comcast exploring stake in NBC

October 1, 2009

(AP) -- Comcast Corp. is in negotiations to buy 20 percent to 50 percent of NBC Universal, according to people familiar with the negotiations.

Recommended for you

Tech titans join to study artificial intelligence

September 29, 2016

Major technology firms have joined forces in a partnership on artificial intelligence, aiming to cooperate on "best practices" on using the technology "to benefit people and society."

US prepares to cede key role for internet

September 29, 2016

The US government is set to cut the final thread of its oversight of the internet, yielding a largely symbolic but nevertheless significant role over the online address system.

MIT's flea market specializes in rare, obscure electronics

September 25, 2016

Once a month in the summer, a small parking lot on the Massachusetts Institute of Technology's campus transforms into a high-tech flea market known for its outlandish offerings. Tables overflow with antique radio equipment, ...

First test of driverless minibus in Paris Saturday

September 24, 2016

The French capital's transport authority will on Saturday carry out its first test of a driverless minibus, in the hope that regular routes for the hi-tech vehicles will be up and running within two years.

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

Caliban
not rated yet Mar 11, 2010
This will immediately lead to comcast trying to leverage more revenue to pay for the cost of aquisition.
This will mean the consumer pays more for everything- not just the cost of cable television itself, as the cost of advertising any product on an NBC-branded outlet will certainly increase, and those products will contain the increase in their purchase price. The remaining 49% of shareholders are beneficiaries too. Ownership Society, anyone?

Maybe Comcast should buy GE as well, and then control production, distribution, marketing, finance AND information.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.