Former NBC employee and current US Senator, Al Franken, has filed an 11-page letter of concern with the FCC stating that he “firmly believe[s] that the ComcastINBCU merger should be rejected. The harms caused by this merger are significant and long lasting. No set of promises or conditions, no matter how well-intentioned, can sufficiently mitigate those harms.”
Reuters is reporting that NBC and Comcast have secured financing for their proposed merger. And I beheld when he had opened the sixth seal, and, lo, there was a great earthquake; and the sun became black as sackcloth of hair, and the moon became as blood.
Love him or hate him, Sen. Al Franken (D-MN), former employee of NBC, made Comcast’s befuddled CEO Brian “Comcatastrophe” Roberts look like a complete tool during yesterday’s hearing on the proposed Comcast/NBC mergepocalypse.
The Comcast/NBC merger probably sucks for consumers, but it sure as hell sucks for other cable companies. Like, for example, WOW!. They are a smallish cable company that competes with Comcast in Chicagoland and in Detroit.
As the Comcast/NBC mergepocalypse draws near, we wanted to remind readers of the ways that this is going to harm consumers (beyond the obvious things like 30 Rock being promised to come on between 6 and 10 pm and actually airing at 11:30). Join us for a sad look into the future.
The New York Times has a thrilling account of the secret helicopter hotel golf parties that resulted in the soon-to-be merger of NBC Universal and Comcast. There were code names!
The Wall Street Journal is reporting that Vivendi has negotiated a tentative $5.8 billion deal to sell its minority stake in NBC Universal to General Electric Co. This means that GE is closer to being able to sell NBC to Comcast.