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The FCC Wants Your Thoughts On Comcast/NBC Merger - Deadline is May third for initial comments...

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Posted Yesterday, 06:52 AM

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An FCC statement (pdf) indicates that the agency is fielding public comments on Comcast's planned merger with NBC Universal. The nation's largest TV and broadband provider (and third largest phone company) is hoping to create a $28.2 billion joint venture with GE, which would give Comcast a a 51 percent share in NBC Universal. Not too surprisingly, Comcast lawyers and lobbyists continue to argue that the merger with NBC would be a good thing for consumers, and that somehow the consolidation would mean more competition and diversity in the marketplace:The Applicants assert that the proposed transaction would serve the public interest and promote the Commission s policy goals of diversity, localism, and competition. They argue that the proposed transaction would be in compliance with statutory and regulatory requirements, including the Commission s media ownership rules and channel occupancy limits. They deny the potential for public interest harms and contend that the antitrust laws and the Commission s current regulations, including the program access, program carriage, and retransmission consent rules, would serve as adequate safeguards against any anti-competitive behavior by the partiesIf you really love massive media consolidation -- or think the deal could spell problems for consumers -- you have until May third to make your voice heard at the FCC. You can file your thoughts electronically here, referencing MB Docket No. 10-56.
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