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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

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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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