Federal Communications Commission Chairman Julius Genachowski has proposed approving Comcast Corp.’s deal to acquire control of NBC Universal from General Electric Co.
The proposal, circulated Thursday to the other FCC commissioners, still needs full commission approval, which isn’t expected until early next year. Also, it includes a number of conditions on the deal, requiring that Comcast make NBC and its other Comcast-owned video content available to pay-TV competitors at reasonable, nondiscriminatory terms, according to people close to the FCC’s negotiations. It also requires Comcast to operate its national Internet network without interfering with rivals’ legal Internet traffic from rivals, a concept known as “net neutrality.”
Comcast reached terms with GE to acquire 51 percent control of NBC Universal last December for about $13.75 billion in cash and assets.
• CLICK HERE to read the Wall Street Journal story.
