Industry Groups, Unions Blast Comcast-NBC Deal

Law360, New York (January 8, 2010, 12:51 PM EST) -- A coalition of 25 industry, labor and public interest organizations has fired off a letter to President Barack Obama and members of Congress asserting that Comcast Corp.'s proposed acquisition of a majority stake in NBC Universal Inc. will have a “devastating effect” on the media marketplace.

The groups sent their letter to lawmakers Thursday, maintaining that the Comcast-NBC deal will result in less competition, higher consumer costs and fewer content choices.

The letter calls on the federal government to ensure that any approval of the merger...
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