Comcast uses economics reports to bolster bid for NBCU

Comcast has commissioned two economic reports to bolster its efforts to spend $30 billion of its subscribers' monthly fees to buy NBC Universal. The reports were sought by the FCC.

One report produced by Mark Israel, senior VP of Compass Lexecon and Michael Katz, former chief economist at the FCC and paid for by Comcast, said that Internet video was complementary to traditional cable TV so the acquisition would not limit competition.

The other report, written by Gregory Rosston, deputy director of the Stanford Institute for Economic Policy said the deal could actually benefit consumers because it would make it easier to develop new TV and Internet services and that Comcast could more easily negotiate deals with NBCU if it owned the entertainment giant.

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