Comcast Makes Concessions To End FCC Probe Of NBC Purchase

Law360, New York (June 27, 2012, 10:30 PM EDT) -- Comcast Corp. agreed to pay $800,000 on Wednesday to settle a Federal Communications Commission investigation into whether the company broke promises it made last year to get government approval for its blockbuster acquisition of NBCUniversal Inc.

In the first consent decree in FCC history that extends a merger condition, Comcast agreed to extend by a year an FCC requirement for Comcast to offer a “reasonably priced” broadband option with sufficient bandwidth to consumers who do not receive cable service from the company and to make a...
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