Comcast’s eleventh-hour push to secure approval from regulators for its joint venture with NBC Universal has paid off. Since the Federal Communications Commission put its final draft in circulation among the commissioners, Comcast has lined up additional support from Congressional leaders, 100 of whom urged the FCC to speed up the approval process.
In his draft order, circulated Dec. 23, FCC chair Julius Genachowski concluded that the $30 billion transaction between the two media companies, meets the public interest standard and should be approved, with conditions.
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