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Tuesday
Jan182011

Comcast Close to Acquiring Control of NBC Universal from GE

Photo Courtesy - NBC Universal(WASHINGTON) -- Comcast Corp., one of the country's largest cable TV providers, could acquire control of NBC Universal from General Electric Co. as early as Tuesday, according to The Wall Street Journal.

The deal is pending approval from Federal Communications Commission officials, who are expected to vote four to one in its favor, people close to the review told the newspaper.  The Justice Department has already finished reviewing the proposal and is ready to approve the deal with some conditions once the FCC gives it the green light.

The Journal reports that, as part of the deal, Comcast will provide more space for independently-owned channels, air more children's programming, keep NBC programming on free TV channels, and guarantee NBC news operations' independence.

Copyright 2011 ABC News Radio

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