Monday, December 27, 2010

Comcast

Comcast seems to have the blessing of a regulatory agency, the proposed $ 30000000000 acquisition by NBC Universal to gain entry, as officials of the Federal Communications Commission, said the agency could approve the merger comes out next month.
FCC Chairman Julius Genachowski circulated an order among the Commissioners, the conditional approval of the merger to provide to the introduction of measures to protect the public interest for competitive distribution of video content, both online and in the platform such as Comcast Cable.
announced a year ago, the merger of the service the nation's largest provider of cable Internet access with a huge entertainment under attack by interest groups that will have been warned that the relationship between the distribution of media communication and content inevitably to higher prices result for consumers and limited access to the planning of their rivals.
The merger is in another antitrust review of the Department of Justice.
Comcast, the word response that the FCC has to approve the agreement, he reiterated the obligations of first refusal in the public interest has been since its introduction in the public sold at retail in the last merger in December, in anticipation of a lengthy legal assessment. The cable giant has promised to complete the local content in the news on NBC affiliate owned and operated by the network to increase for example, and is designed to preserve and promote the diversity of the programming of the merger.
"Has been announced since the day the deal, we have stressed that this operation is conducive to competition for the consumers and provide real benefits in the public interest," said Comcast Executive Vice President David Cohen, proposed to the FCC order approving the fusion.
"We have a number of important commitments on a day to the government and the public that the public interest is served and those benefits will be achieved. And we can refine and improve continued our commitments on the one-year notice by the FCC and the Justice Department "he added.
Stifel Nicolaus analyst Rebecca Arbogast was responsible for the proposal to the FCC directly on the conditions on the proposed combination as a reference to regulatory requirements, wrote in a research note that "focuses on the resolution of the claims, instead has broader concerns of the industry, an encouraging sign for Comcast, NBC Universal strikes. the conditions are better disciplined and in connection with damage caused by the agreement, the agreement rather than as a vehicle to promote political objectives. "
But the word of the FCC approval should not be more open, perhaps for the media reform organization Free Press in the form of undesirable development groups that have fought against the operation.
"We are deeply disappointed that the FCC is apparently moving to the approval of this merger," said Free Press policy adviser Corinna Wright in a statement and urged the Commission not to approve the agreement. "The acquisition of Comcast, NBC would adversely affect competition and consumers, particularly in the emerging market for online video."
The FCC should not decide on the final order until next month at the earliest.

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