Analyst Craig Moffett of Sanford C. Bernstein has a name for it -- "NBC purgatory." Six months into the regulatory review of its proposed deal for NBC Universal Inc., Comcast Corp. is spending tens of
millions on lawyers, accountants, lobbyists, and bankers to gain approval for a $30 billion deal that is being fought in the political trenches of Washington.
The merger has become
such a hot topic in the nation's capital that the cable giant has published full-page, pro-deal ads in The Washington Post, Roll Call, the Hill, the National Journal, Politico. Comcast's tab
for the merger, which includes financing costs, will easily exceed $100 million.
Read the whole story at The Philadelphia Inquirer »