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FCC seeks more information from Comcast, NBC Universal over proposed deal

Written by James Delahunty (Google+) @ 05 Oct 2010 0:40 User comments (1)

FCC seeks more information from Comcast, NBC Universal over proposed deal The Federal Communications Commission (FCC) has written to both Comcast Corp. and NBC Universal to request more information about a proposed deal that would see Comcast acquiring a controlling sake in the large media company.
The letter to Comcast questions the cable operator's distribution agreements for popular cable channels that it already owns, such as E! Entertainment, the Golf Channel and Versus. It also is asking for details about Comcast's channel line-ups and for information on how it decides on programming to carry.

The letter to NBC Universal requests information about existing agreements with satellite, cable and phone companies to carry some NBC channels including Oxygen and local NBC and Telemundo stations.

Comcast is seeking approval from the FCC and the Justice Department to acquire a 51 percent stake in NBC Universal, which has sparked some fears among competitors and public interest groups. The deal would hand Comcast control over the NBC and Telemundo networks, as well as some cable channels including CNBC, Bravo and Oxygen.

Additionally, Comcast would gain control of the Universal Pictures studio and a share in the Hulu online video service. Satellite companies and cable rivals fear Comcast could use its control over NBC Universal to push up prices for must-have programming or to withhold it altogether from competitors.

Public interest groups are worried that Comcast could withhold programming from the Internet, stifling the growth of the online market, or restrict access to online content to cable subscribers.

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1 user comment

15.10.2010 15:31

Here's hoping Comcast gets rejected; the FCC has been far too lenient with these things lately...

If they approve this, then they'll be forced to approve fearsomely large buy-ups like this coming from other companies. They shouldn't have let Sirius and XM Radio merge, in my opinion, and they need to draw a line already.

This message has been edited since its posting. Latest edit was made on 05 Oct 2010 @ 15:32

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