Comcast officially takes majority stake in NBC

January 30, in Business

After 13 months in regulatory review, Comcast officially owns NBC.

This deal gives Comcast 51 percent of NBC Universal with GE retaining 49 percent of the network. It was approved by the FCC nearly two weeks ago in a 4 to 1 vote.

At regulators’ requests, Comcast agreed to several conditions for the merger, including providing more space on its cable systems for independently-owned channels, guaranteeing the independence of NBC news operations, airing more children’s programming and keeping NBC network programming on free over-the-air TV channels.

Comcast also agreed to increase the diversity of programming available to Spanish-speaking viewers and offer broadband services to low-income Americans at reduced monthly prices.

As Seth Meyers, of NBC’s Saturday Night Live’s Weekend Update, said: “This week, Comcast officially took control of NBC Universal, and I have to say things are better already … Seriously, I have to say that.”.

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