The Comcast/NBC Deal Approved by FCC, Justice Department

Posted Wed Jan 19, 2011 at 01:20 PM PST by Dick Ward

Comcast says everything will finally be complete by the end of the month.

Unless you’ve been living in under a rock, or in a cave without Wi-Fi, you know about the deal between Comcast and NBC that’s been in the works. It’s been talked about all over the internet, discussed on mainstream news and even been parodied on ’30 Rock.’

Today that deal got one big step closer to completion, as both the FCC and the Justice Department have given their approval. Under the terms of the arrangement, Comcast will now own 51 percent of NBC, with GE owning the other 49.

“The NBC Universal joint venture will be well positioned to compete, innovate, and bring new choices to consumers,” says Comcast CEO Brian L. Roberts. “Our original vision for the combination remains intact so that consumers will benefit, and our competitors will be treated fairly.”

Source: Engadget

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Tags: NBC, Comcast (all tags)