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Comcast-NBC Universal Merger Approved

January 18, 2011 By WHC Insider

Voting 4 to 1, the Federal Communications Commission has granted approval of the merger between cable and Internet giant Comcast and NBC Universal, a subsidiary of the General Electric Company (GE).

The approval comes with a number of conditions and enforceable commitments, including the fostering of competition in the online video marketplace; increasing local news coverage; expanding children’s programming; enhancing availability of Spanish-language programming; offering affordable broadband services to low-income Americans and increasing broadband access to schools, libraries, and underserved communities. Read more on the merger decision at POLITICO.

The Department of Justice announced its final approval of the settlement this afternoon. Comcast and NBCU can now proceed with their venture “conditioned on the parties’ agreement to license programming to online competitors to Comcast’s cable TV services, subject themselves to anti-retaliation provisions and adhere to Open Internet requirements.”

A statement released by DOJ outlines “that the proposed settlement will preserve new content distribution models that offer more products and greater innovation, and the potential to provide consumers access to their favorite programming on a variety of devices in a wide selection of packages.”

Filed Under: News Media Tagged With: Comcast, Department of Justice, FCC, Federal Communications Commission, GE, General Electric, merger, NBC Universal, NBCU

Jeff Zucker To Leave NBC

September 24, 2010 By WHC Insider

Jeff Zucker plans to step down from his position as CEO at NBC upon completion of the Comcast merger.

The New York Times’ Media Decoder reports Zucker informed employees via email this morning that he would leave once the takeover is finalized and that it was not exactly his choice.

“We had both gotten to the same place,” Mr. Zucker said. “He made it clear that they wanted to move on at the close of the deal and I was completely comfortable with that.”

Zucker has been a fixture at the company for literally his entire professional career. Regardless, this sure is an action-packed Friday if you’re an executive at a cable channel/news network.

Filed Under: News Media Tagged With: Comcast, Jeff Zucker, Media, NBC

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About White House Correspondents Insider

Exploring “behind the scenes” of the most powerful city in the world — Washington, D.C. — and those who cover it.

We track the White House Correspondents’ weekend and all the activities around it, from journalists and media companies to the White House and politicos.

Tammy Haddad is Co-Founder and Editor-In-Chief of WHC Insider and CEO of Haddad Media.

White House Correspondents Insider is not affiliated with or approved by the White House Correspondents’ Association, which is a registered trademark of the WHCA.

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