Led by Senator Al Franken, lawmakers Thursday clashed with top execs at Comcast and NBC Universal over their claim that the media giants' merger would benefit the public. Despite calling for "strong conditions," legislators seemed likely to let the deal go through.
Comcast is the Rodney Dangerfield of media companies. Yesterday, the Philadelphia firm reported that fourth-quarter earnings more than doubled. How did Wall Street respond? It sent Comcast's shares down.
Comcast Corp. (CMCSA) Thursday officially announced its long-awaited deal to gain control of NBC Universal from General Electric Co. (GE). The parent company of the NBC television network and Universal Pictures will be run through a joint venture.
