Bloomberg LP submitted a letter and motion Friday to the Federal Communications Commission asking the agency to end Comcast’s refusal to implement a key condition it agreed to in order to receive the FCC’s approval of its acquisition of NBC Universal.
NBC Universial is the parent company of CNBC, and Bloomberg would like its television station to be placed next to its rival on Comcast cable networks.
“In interpreting the condition to be meaningless, Comcast has taken the position that the phrase ‘now or in the future’ actually means ‘in the future’ and that ‘a significant number or percentage’ of news channels actually refers to ‘all or a significant majority’ of news channels,” added Doctoroff.
“Additionally, while the Commission defines a ‘neighborhood’ as ‘a significant number or percentage’ of news channels, Comcast argues that whether the number or percentage of news channels is ‘significant’ should be determined by whether they are in a neighborhood. For these reasons, Bloomberg was forced to file a complaint at the Commission on June 13, 2011 in order to require Comcast to comply with the news neighborhooding condition.”
The letter states that the news neighborhooding condition is scheduled to be in effect for only seven years, and more than ten percent of that time has already passed.
Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…
This position will be Hybrid in the office/market 3 days per week, and those days…
The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…
The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…
Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…
Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…