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Comcast-NBC deal finds donors converging with Obama's principles

By Kim Hart - 12/05/09 08:55 PM ET

The proposed merger of Comcast and NBC Universal will be the first big test of the Obama administration’s stance on the hot-button issue of media consolidation.

It could also put the Obama administration and Democrats in Congress at odds with a few of their largest supporters.

The $30 billion deal between the nation’s largest cable system and a Hollywood juggernaut will create a media behemoth that will undergo strict scrutiny by federal regulators appointed by Obama, who voiced concern about increasing media consolidation on the campaign trail.

But the companies under scrutiny in the biggest media deal since the Time Warner-AOL merger are helmed by executives who have been long-time contributors of the Democratic party and have other ties to the administration.


Read the whole story here at Hillicon Valley


Source:
http://thehill.com/homenews/administration/70769-comcast-nbc-deal-finds-campaign-cash-converging-with-obamas-principles

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