FCC OKs Comcast Takeover Of NBC

January 18, 2011

Mark Memmott

"The Federal Communications Commission is giving Comcast, the country's largest cable company, the green light to take over NBC Universal, home of the NBC television network," the Associated Press reports. It adds that "the deal is still awaiting Justice Department approval, which is expected later Tuesday."

According to the AP, "the FCC voted 4-to-1 Tuesday to let Comcast buy a 51 percent stake in NBC Universal from General Electric Co. for $13.8 billion in cash and assets." Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.