Our hilarious Internet video of the day is also a disturbingly meta metaphor for what's got to be happening if the FCC would just roll over and approve a Comcast-NBCU merger 4-1, like they did today: walking headlong into the fountain. Hello, content balkanization! What could possibly go wrong? Also in the news, Steve Jobs on medical leave again, get your info off Facebook, for god's sakes, and why everybody hates Netflix. --MollySubscribe: iTunes (MP3) | iTunes (320x180) | iTunes (640x360) | RSS (MP3) | RSS (320x180) | RSS (640x360)… Read more
The deal giving Comcast a controlling stake in NBC Universal could finally be approved by the FCC, followed by the U.S. Department of Justice, as early as this week, according to reports.
According to reports in The Wall Street Journal, the Washington Post, and Hollywood news site The Wrap citing anonymous sources, the Federal Communications Commission and the Justice Department will finally pave the way for the Comcast-NBC Universal deal to close by the end of the month.
The Federal Communications Commission is a step closer to approving the $37 billion joint venture between Comcast and General Electric's NBC Universal.
FCC Chairman Julius Genachowski gave his blessing today to the new joint venture, which was announced a year ago. He circulated an order among the four other FCC commissioners stating that he believes the venture, which will be controlled by cable giant Comcast, will be in the public interest, paving the way for the full FCC to approve the marriage between the two companies.
Comcast today said its proposed deal to acquire control of General Electric's NBC Universal won't get regulatory approval by the end of the year, as the company had hoped.
The cable giant issued a statement saying that even though the Federal Communications Commission and Department of Justice have made "substantial progress toward approval," it simply doesn't have enough time this year to complete the transaction, which was announced at the end of 2009.
"Because of the lead time required to prepare for a close, it now appears that we will not be able to … Read more
Two members of Congress are having some doubts about the proposed merger between Comcast and NBC Universal.
Representatives Henry Waxman (D-Calif.) and Edward Markey (D-Mass.) wrote letters to Federal Communications Commission Chairman Julius Genachowski, citing potential issues that could affect competition in the television market, as well as with how consumers are presented with content.
The Washington Post first reported on the letters.
"The proposed Comcast-NBCU transaction would allow Comcast to acquire an unprecedented concentration of national programming assets," Congressman Markey wrote to the FCC. "The joint venture would give Comcast the power, should it choose to … Read more
Hulu Plus is trying to become a better bargain.
The video portal backed by Disney, Fox, and NBC Universal said today that it has trimmed the monthly price of its subscription to $7.99, an obvious sign that the service is struggling to acquire customers.
In June, when Hulu first began charging for a premium service, the cost was $9.99. Then Hulu Plus met with considerable criticism from users. Much of the content was also available at Netflix, and while that Web video service charged the same price, it didn't force subscribers to also sit through ads like … Read more
NBC, CBS, and ABC had already said no to Google TV, and today Fox Broadcasting made it unanimous.
News Corp.-owned Fox became the last of the broadcast networks to block full episodes of its shows from appearing on the software platform that enables users to view Web content and video on their home TVs, according to multiple sources with knowledge of Fox's move.
A Fox spokeswoman declined to comment.
Fox executives didn't reject the offering as soon as the other networks because it was evaluating the platform, the sources said. Now that the evaluation is over, the … Read more
Costs from its pending acquisition of NBC Universal and lower subscriber growth took a bite out of Comcast's third-quarter earnings.
For the quarter ended September 30, the cable company reported net income of $867 million, an 8.2 percent decline from $944 million in the year-ago quarter. Net income per share was 31 cents for the quarter just ended, compared with 33 cents a year ago. Earnings were impacted by the $66 million in total expenses that Comcast was forced to take in relation to its NBCU transaction. But the third-quarter profits were also hit by a 3.5 … Read more
Links from Friday's episode of Loaded:
Google TV seems to be blocked by ABC, NBC, and our parent company CBS
The Barnes and Noble Nook will go on sale at Wal-Mart this weekend
FaceTime for Mac may jeopardize your passwordsMicrosoft announces Games for Windows, a PC gaming store
Google TV has the network television industry's attention.
Certain television shows on the Web sites of broadcast networks CBS and ABC are currently being blocked when Google TV users try to access those sites. The Wall Street Journal also reported that NBC confirmed it was blocking streams to Google TV users, although CNET was able to view shows on NBC.com using Google TV. (CBS.com is published by CBS Interactive, which also publishes CNET.)
The decision to block the programs only seems to affect full-length episodes available on the Web sites of those companies, and it began in … Read more