DoJ To Review Comcast Deal
The Justice Department has indicated it will review the proposed Comcast-NBC Universal merger, the Associated Press reported Wednesday. The firms announced in December that Comcast would take a controlling stake in NBC Universal, which includes the NBC broadcast network, Universal studios and cable channels such as Bravo, SyFy and the USA network.
The deal also must be reviewed by the FCC, AP reported. Public interest groups such as Free Press and the Consumer Federation of America have called for regulators to block the Comcast-NBC deal. Free Press Wednesday praised the Justice Department's move. "We are glad to see the review of Comcast/NBC is moving forward," Josh Silver of Free Press said in statement. "A Comcast/NBC merger would create a media behemoth with too much power in too few hands."
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Antitrust
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