The NBC Universal hookup with Comcast is continuing to run into opposition, this time from Sen. Jay Rockefeller (D-W.Va.) who warned that consumers had to be a major concern in a merger that involves television and online video. Rockefeller, who heads a Senate Commerce Committee panel reviewing the proposed merger, said "This hearing is an opportunity to have a serious a discussion about consumers," adding that a deal shouldn't leave the public with fewer programming choices and higher rates.
Comcast agreed to a deal with General Electric in December for the flagging broadcast property that would give it a 51 percent stake in the joint venture valued at just more than $28 billion. The deal has to be approved by the FCC and the Justice Department.
For more:
- see this Bloomberg article
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