FCC approves Comcast's purchase of NBC (Update: Justice Department too, it's done)

No huge surprise here, but the FCC just approved Comcast's purchase of NBC Universal by a 4-1 vote. Details of the ruling aren't out yet, but FCC chairman Julius Genachowski had been pushing for strong regulations forbidding Comcast from cutting itself sweetheart deals on NBC content or prioritizing its own video traffic on its pipes, so we'd assume that's part of the agreement here. The only nay vote was from Commissioner Michael Copps, who said the deal "opens the door to the cable-ization of the open Internet." Ouch. We'll let you know when we find out exactly what the FCC's actual conditions are -- and keep in mind this deal won't be wrapped until the Justice Department weighs in, which is expected to happen next week. Can we say it? Oh, we're going to say it: stay tuned!

Update: That was fast, as Comcast/NBCU announced it's received permission from the Justice Department as wall. Check out the triumphant press release after the break or scour the official site for more details on what conditions may have applied. There will also be a conference call at 4 p.m. so let us know what else you may be interested in finding out before then. So far details include a promise of a "focused mechanism for online video providers to obtain access to certain NBC Universal content," and that the newly formed entity will retain its economic stake in Hulu, while giving up its voting and board representation rights.

Continue reading FCC approves Comcast's purchase of NBC (Update: Justice Department too, it's done)

FCC approves Comcast's purchase of NBC (Update: Justice Department too, it's done) originally appeared on Engadget on Tue, 18 Jan 2011 14:22:00 EDT. Please see our terms for use of feeds.

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