The US Justice Department and FCC approved Comcast’s purchase of NBC Universal, with GE dropping their ownership to 49%. The FCC was cautionary, stating that such a deal could threaten “the development of innovative online video distribution services.” Comcast will lose its management rights of Hulu and neither company can restrict “unreasonable” online distribution of its video. Read the full article at techcrunch.com
Comcast-NBC Merger Approved
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).