Comcast, NBC go to Congress to make case for deal
Comcast and NBC Universal are trying to
convince lawmakers that the cable TV operator's plan to take
control of the NBC media empire is in the public interest.
The CEOs for Comcast Corp. and NBC Universal are scheduled to
testify Thursday at separate House and Senate subcommittee
hearings. Other witnesses include representatives from consumer
watchdog groups, a competing cable TV company and a group
representing NBC affiliates - the stations not owned by NBC
Universal.
Comcast, based in Philadelphia, is seeking to acquire a 51
percent stake in NBC Universal from Fairfield, Conn.-based General
Electric Co. The Justice Department and the Federal Communications
Commission are currently reviewing the deal.
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