Tags: Comcast NBC

Comcast Wins FCC Approval to Take Over NBC

Tuesday, 18 January 2011 02:26 PM EST

The Federal Communications Commission is giving Comcast, the country's largest cable company, the green light to take over NBC Universal, home of the NBC television network.

The deal is still awaiting Justice Department approval, which is expected later Tuesday.

With the deal certain to transform the entertainment industry landscape, regulators are attaching conditions to prevent Comcast Corp. from trampling competitors once it takes control of NBC's vast media empire.

Among other things, the government is requiring Comcast to make NBC programming available to rival cable companies, satellite operators and new Internet video services that could pose a threat to Comcast's core cable business.

The FCC voted 4-to-1 Tuesday to let Comcast buy a 51 percent stake in NBC Universal from General Electric Co. for $13.8 billion in cash and assets.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Markets
The Federal Communications Commission is giving Comcast, the country's largest cable company, the green light to take over NBC Universal, home of the NBC television network.The deal is still awaiting Justice Department approval, which is expected later Tuesday.With the deal...
Comcast NBC
130
2011-26-18
Tuesday, 18 January 2011 02:26 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved