House Democrats challenge Comcast, NBC on deal

Feb 04, 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.

Members of a House subcommittee on communications and technology sounded skeptical about the deal at the first of two congressional hearings Thursday. They worry that the transaction could lead to higher cable rates, fewer video programming choices and other competitive harms.

Corp. is seeking government approval to acquire a 51 percent stake in NBC Universal from General Electric Co. The Justice Department and the are currently reviewing the transaction.

Comcast says the deal doesn't raise significant antitrust concerns because the companies operate in separate and highly competitive markets.

Explore further: Out-of-patience investors sell off Amazon

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deatopmg
not rated yet Feb 04, 2010
What does this have to do, even remotely, about science? Nothing!
Just more politics that doesn't belong on this site.
Royale
not rated yet Feb 04, 2010
Separate markets? They're both television. What are they talking about?