Who’s Afraid of Big Media?
The Federal Communications Commission (FCC) and the United States Justice Department today approved a merger of Comcast, the nation’s largest cable and Internet provider, with NBC Universal which is owned mostly by General Electrics (GE). Comcast and GE announced their buyout agreement for NBC in December 2009. Comcast intends to own 51 percent of NBC while GE will retain 49 percent of its shares. Regulators | Read More »