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Monday, January 17, 2011

CORRECTED-Groups map 'necessary' conditions for Comcast/NBCU, (NASDAQ: CMCSA), (NYSE: GE)

Industry and public interest groups this week stressed the need to rein in Comcast Corp's (CMCSA.O) power over programming and pricing if it is allowed to buy a majority stake in General Electric Co's (GE.N) NBC Universal. In a letter to the U.S. Federal Communications Commission, Media Access Project's Andrew Jay Schwartzman detailed "necessary" conditions on the proposed merger that public interest groups, companies and trade associations presented to FCC Commissioner Michael Copps this week. They urged Copps to address competitors' need to carry programs from Comcast-NBCU as well as companies with distribution deals with Comcast.

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