US Backs $37B Comcast-NBC Merger With Conditions

By Erin Fuchs (January 18, 2011, 4:03 PM EST) -- The Federal Communications Commission and the U.S. Department of Justice signed off Tuesday on Comcast Corp.'s $37 billion acquisition of NBC Universal Inc. from General Electric Co. with certain conditions, including some designed to promote online competition.

The FCC approved the merger in a 4-1 vote and deemed the acquisition in the public interest, while the DOJ announced a settlement addressing antitrust concerns and allowing the joint venture to proceed.

As part of the FCC approval, Comcast-NBCU will have to provide its programming for multichannel distribution and to bona fide online distributors, and will also be forbidden from discriminating in video...

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