The U.S. Department of Justice and Federal Communications Commission conditionally approve a joint venture in the telecommunications sector, subject to remedies resolving antitrust concerns (Comcast / NBC Universal)

Comcast/NBC Universal Joint Venture Receives Regulatory Approval* The Department of Justice Antitrust Division and the Federal Communications Commission today conditionally approved a joint venture between Comcast Corp. and General Electric Co.’s subsidiary NBC Universal Inc. The joint venture, which was announced in December 2009, combines Comcast–the nation’s largest cable operator and Internet service provider–and NBC Universal’s cable networks, filmed entertainment, and television programming, including the NBC broadcast network. It will be managed and 51 percent owned by Comcast, with GE holding 49 percent ownership. Comcast’s control of the NBC Universal programming raises antitrust concerns, since Comcast’s rivals could face difficulties obtaining access to valuable content now

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  • Wolters Kluwer (Riverwoods)

Quotation

Jeffrey May, The U.S. Department of Justice and Federal Communications Commission conditionally approve a joint venture in the telecommunications sector, subject to remedies resolving antitrust concerns (Comcast / NBC Universal), 18 January 2011, e-Competitions Bulletin January 2011, Art. N° 35894

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