The proposed combination of Comcast and NBC Universal was approved by the Federal Communications Commission and the Justice Department on Tuesday, smoothing the way for the deal to close by the end of January.Come on! Who doesn't love monopolies? This guy knows what I'm talking about:
As expected, the approvals came with significant conditions attached. The combination of Comcast's cable systems and NBC Universal's channels will create a media powerhouse, and it will represent the first time that a cable company will control a major broadcast network.
"This is a proud and exciting day for Comcast," Brian L. Roberts, the Comcast chief executive, said in a statement that thanked the government agencies for their hard work.
"Right this way to your corporatocracy!"
[H/T to Shaker SamanthaB.]
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