FCC gets closer to approving Comcast-NBC deal
The Federal Communications Commission is a step closer to approving the $37 billion joint venture between Comcast and General Electric's NBC Universal.
FCC Chairman Julius Genachowski gave his blessing today to the new joint venture, which was announced a year ago. He circulated an order among the four other FCC commissioners stating that he believes the venture, which will be controlled by cable giant Comcast, will be in the public interest, paving the way for the full FCC to approve the marriage between the two companies.
That full FCC approval isn't expected until January. The deal must also … Read more