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FCC Poised to Clear Comcast-NBC Merger

Dec 28, 2010, 23:04 (0 Talkback[s])
(Other stories by Kenneth Corbin)

"Comcast appears poised to win the blessing of one regulatory body reviewing its proposed $30 billion takeover of NBC Universal, as officials at the Federal Communications Commission have indicated that the agency could approve the merger as early as next month.

"FCC Chairman Julius Genachowski has circulated an order among the commissioners that would grant conditional approval to the merger, imposing public-interest safeguards to protect the distribution of competing video content, both online and on Comcast's cable platform.

"Announced more than a year ago, the merger of the nation's biggest Internet service and cable provider with an entertainment giant has come under heavy fire from advocacy groups, who have warned that the pairing of media distribution and content will inevitably lead to higher prices for consumers and limited access to rival programming."

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