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Comcast Reaches Deal for Majority Stake in NBC Universal

HeadlineDec 04, 2009

The nation’s largest cable television company Comcast has struck a deal to buy a majority stake in the television and movie giant NBC Universal from General Electric. If approved, the merger would give Comcast control of the NBC network, the Spanish-language Telemundo, cable channels including MSNBC, dozens of local television stations and the Universal film studio. Media democracy advocates have widely criticized the merger.

Jeff Chester, head of the Center for Digital Democracy: “This is a real political litmus test for the Obama administration. Frankly, they should just have their FCC and their Department of Justice, or FTC, say no to this deal. There’s nothing in the Comcast-NBCU mega-deal that will benefit the public interest, consumers or competitors. The Obama administration has a chance now to put its foot down and say 'no more media consolidation in the United States.'”

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