Federal regulators on Tuesday approved Comcast’s acquisition of NBC Universal, allowing for a joint venture that puts a vast library of television shows and movies under the control of the nation’s biggest cable and broadband Internet service provider.
The Justice Department also announced its approval of the deal with conditions aimed at keeping Comcast-NBCU from quashing competition from other networks and Internet providers.
-Read more about the decision at The Washington Post.
This is not good news. I do not believe the conditions set by regulators are sufficient, and I don’t believe such mergers ought to be allowed in any case. Here we have one of the largest media conglomerates in the United States and abroad teaming up with the largest internet and cable providers in the US. It is a bad precedent.
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Letting one company control both the pipes and the content that flows over those pipes is a formula for abuse. Comcast-NBC could soon hike up rates, take away your favorite channels or even stop you from watching your favorite shows online. Comcast has already targeted Netflix and other companies that compete with its video and Internet offerings.
There’s no way to sugarcoat it. Wherever you live, the Comcast-NBC merger is a disaster.
The site also offers tools to help you easily protest the decision and communicate with others about it. It literally takes minutes and it is very important. Just click here.