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Business and Media

Business and Media - Coalition urges FCC to block proposed...

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Coalition urges FCC to block proposed merger of Comcast-NBC By Gautham Nagesh - 06/21/10 01:35 PM ET A coalition of media companies, unions and nonprofits is urging the Federal Communications Commission to block the merger of Comcast and NBC Universal. The coalition, made up of organizations including media giant Bloomberg, the Writers Guild of America, West and advocacy groups like Free Press and Media Access Project, wrote to FCC Chairman Julius Genachowski on Monday voicing their opposition to the proposed merger of Comcast and NBC-Universal. Monday is the last day for organizations to submit public comment to the FCC on the proposed merger, which would create a new $30 billion joint venture merging the Philadelphia cable giant's content division with NBC Universal's (NBCU) stable of television networks, film studios and theme parks. Govs. Arnold Schwarzenegger, (R-Calif.), David Paterson, (D-N.Y.) and Ed Rendell (D-Pa.) have expressed support for the merger. The groups argue the new entity would have unprecedented control over the country's media landscape, raising antitrust concerns.
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