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FCC, DOJ Grant Conditional Approval of Comcast-NBCU Deal
Date: Thursday, January 20, 2011 @ 20:18:47 UTC

The Federal Communications Commission (FCC) has voted 4-1 to grant conditional approval to the proposed $6.5 billion deal between Comcast and NBC Universal. The FCC said Comcast-NBCU agreed to conditions addressing potential harm caused by the combination, which will last for a period of seven years. They include ensuring reasonable access to its programming for multichannel distribution and to competing online video services, and offering standalone broadband service to non-cable TV subscribers. Meanwhile, the U.S. Dept. of Justice also announced a settlement with Comcast and NBC Universal, that provides conditional approval of their proposed combination. Complete Article







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