FCC Approves Comcast/NBC Deal

  • January 18, 2011
The FCC has granted its approval for Comcast and NBC Universal to merge their operations, under a joint partnership that will be 51% owned by Comcast and 49% owned by NBC's parent company, General Electric.

"This is a proud and exciting day for Comcast," said Brian L. Roberts, chairman/CEO of Comcast, in a statement. "We are grateful for the leadership of FCC Chairman Julius Genachowski, Assistant Attorney General Christine Varney, the other FCC Commissioners and their staffs for the months of hard work that went into reviewing an unprecedented number of documents and public comments."

The transaction is expected to be completed by the end of January. The merger will include NBC Universal's cable networks, filmed entertainment, televised entertainment, theme parks and unconsolidated investments and Comcast's cable networks (including E!, Versus and the Golf Channel, as well as its regional sports networks and certain digital properties). The transaction will also include a payment from Comcast to GE.



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