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FCC puts off one deadline on Comcast-NBC merger, prolonging review

The Federal Communications Commission has lifted a May 3 deadline for the public to weigh in on Comcast’s proposed merger with NBC Universal after the company said it would file two expected economic reports close to that date.

The extension could delay the review of the media merger, which is also being scrutinized by the Justice Department for antitrust violations.

The agency said it wanted the public to have enough time to comment on the deal, taking into consideration the reports.

The reports, asked by the FCC, are instructed to demonstrate benefits the companies claim the merger will create and the effects the union will have on the online video marketplace.

“The Commission has a strong interest in ensuring a full and complete record, and we believe this action will ensure that all parties will have sufficient time to review and comment on the applications, including these supplemental materials, and will ultimately contribute to an efficient and expeditious review of the proposed transaction,” said William Lake, chief of the FCC’s media bureau.

Comcast said the reports would be filed “as soon as possible.”

“We understand and agree in this case with the Commission’s desire to have a full comment period on key documents submitted by the applicants,” said spokeswoman Sena Fitzmaurice.

By Cecilia Kang  |  April 16, 2010; 5:59 PM ET
 
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Comments

For GE to sell controlling interest in NBC Universal to a company like Comcast - the US Airways of the media biz - is a very bad idea.

A partial spinoff makes more sense: GE floats NBC Universal as a separate company and retains some measure of ownership. That's how Viacom spun out CBS, and how Time Warner begat Time Warner Cable.

Besides, GE shareholders have been through a lot. Why not throw 'em a bone - a special dividend consisting of shares in NBC?

Posted by: mattintx | April 17, 2010 8:47 PM | Report abuse

Comcast is the Yugo of the media world. There horrible and can't provide service to their customers now. Letting them grow larger would be a dis-service to customer.

Posted by: askgees | April 17, 2010 9:00 PM | Report abuse

Is there any government authority to which I could report the "hacking" of my yahoo.com account? I have not been able to retrieve my contact lists, nor information I had placed in "folders" for future reference ever since my YAHOO.COM account was hacked a month ago. My password was changed immediately upon learning my Yahoo.com account had been hacked. YAHOO instead blocked my account for weeks, and appealing to them for access to my e-address contact lists after weeks of blocking, has only brought messages notifying me of further delays! I have spent hours on the computer plus over $100. on help from an Intuit agent, with only limited results--establishing a new account with Google.
This experience has been most frustrating & infuriating, since I am in Australia for another 10 days and cannot reach some of my contacts to have certain services restored when we return to the USA.
I welcome any advice on my predicament, and would also ask for legal help if the hacking of accounts can be addressed.

Sincerely,

Dr. Jane W. Selbe
jane.selbe@gmail.com

Posted by: janeselbe1 | April 18, 2010 12:46 AM | Report abuse

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