FCC approves Comcast’s purchase of NBC, Justice Department up next
Posted in: breaking news, BreakingNews, financial, merger, Today's ChiliNo huge surprise here, but the FCC just approved Comcast’s purchase of NBC Universal by a 4-1 vote. Details of the ruling aren’t out yet, but FCC chairman Julius Genachowski had been pushing for strong regulations forbidding Comcast from cutting itself sweetheart deals on NBC content or prioritizing its own video traffic on its pipes, so we’d assume that’s part of the agreement here. The only nay vote was from Commissioner Michael Copps, who said the deal “opens the door to the cable-ization of the open Internet.” Ouch. We’ll let you know when we find out exactly what the FCC’s actual conditions are — and keep in mind this deal won’t be wrapped until the Justice Department weighs in, which is expected to happen next week. Can we say it? Oh, we’re going to say it: stay tuned!
FCC approves Comcast’s purchase of NBC, Justice Department up next originally appeared on Engadget on Tue, 18 Jan 2011 14:22:00 EDT. Please see our terms for use of feeds.
Permalink | CNBC, Michael Copps statement | Email this | Comments
Post a Comment