Breaking: Comcast-NBC Deal Receives Federal Approval

Ryan Whitwam

The news just broke shortly ago that the Comcast-NBC deal has been approved by government regulators. The FCC approved the sale of NBC Universal to Comcast by a 4-1 vote. Commissioner Michael Copps was the lone holdout. In a statement he said the deal "opens the door to the cable-ization of the open Internet." We had been expecting the FCC to ok the deal, but the Justice Department was always more of an unknown.

Almost immediately after the FCC vote, the Justice Department also approved the deal, according to a Comcast press release. Now that both agencies have given their stamp of approval, the acquisition is expected to go through by the end of January. This will make Comcast a first of its kind media powerhouse.

Early indications are that at least some of the FCC's conditions will be in place for the deal to proceed. Comcast will be required to allow online video distributors (read: Netflix) access to their content. Additionally, Comcast will be allowed to retain its stake in Hulu, but will have to relinquish its decision making role. How do you feel about the deal?

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