Comcast-NBCU Deal Not Likely Until 2011

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Comcast will have to wait until next year before closing its deal to acquire 51 percent of NBC Universal. According to a report in The New York Times, a memo to NBCU staffers from Jeff Zucker said that regulators are headed toward approving the deal in January.

Both the Federal Communications Commission and the Department of Justice need to sign off on the transaction.

A number of sources have indicated that the FCC is working frantically to circulate a final order for the deal before Christmas to the commissioners.

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