Aug. 4 (Bloomberg) -- The U.S. Federal Communications Commission should approve Comcast Corp.’s proposed merger with General Electric Co.’s NBC Universal, 11 members of the Congressional Black Caucus said.
Comcast pledged to add to its systems at least four cable networks with black owners, and is a large employer of minorities, the lawmakers said in a July 28 letter to FCC Chairman Julius Genachowski. Signers included Representative Chaka Fattah, a Pennsylvania Democrat whose district comprises parts of Philadelphia, where Comcast is based. The caucus has 42 members.
The FCC is taking comments on the $28 billion deal until Aug. 19. The Justice Department is also reviewing the merger.
The proposed takeover would give Comcast, the largest U.S. cable company, control of NBC’s television network and broadcast stations, and cable channels such as USA Network and Bravo.
Bloomberg LP, the parent company of Bloomberg News, has filed papers opposing the merger as it is currently proposed.
States should investigate the proposed merger, the Coalition for Competition in the Media, a group that listed members including Bloomberg and advocacy groups Common Cause, Free Press and Media Access Project, said in a letter today to the Washington-based National Association of Attorneys General.
Comcast spokeswoman Sena Fitzmaurice in an e-mailed statement said more than 1,000 elected officials and organizations have expressed support for the transaction.
“We are confident reviews will find this deal to be pro competitive and in the public interest,” Fitzmaurice said.
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