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LA Times....
LA Times....
Comcast will retain NBC's stake in Hulu, but is stripped of control
Call it the Hulu Handcuff.
The federal government is making sure that Comcast Corp. won't be able to use its newfound clout when it takes control of NBC Universal to sabotage the online video website Hulu.
On Tuesday, the Federal Communications Commission and the U.S. Department of Justice gave their blessing to the proposed $30-billion combination of NBC Universal and Comcast. But the Obama administration attached comprehensive conditions that will make it difficult for Comcast to stifle competition, particularly in the burgeoning area of online video distribution.
Media industry executives have been particularly interested to see how regulators would manage Comcast's ability to influence Hulu -- which NBC Universal helped create and currently owns about a 30% interest in. Other big media companies, News Corp. and Walt Disney Co., along with�*Providence Equity Partners, are co-owners of the site.
>
Call it the Hulu Handcuff.
The federal government is making sure that Comcast Corp. won't be able to use its newfound clout when it takes control of NBC Universal to sabotage the online video website Hulu.
On Tuesday, the Federal Communications Commission and the U.S. Department of Justice gave their blessing to the proposed $30-billion combination of NBC Universal and Comcast. But the Obama administration attached comprehensive conditions that will make it difficult for Comcast to stifle competition, particularly in the burgeoning area of online video distribution.
Media industry executives have been particularly interested to see how regulators would manage Comcast's ability to influence Hulu -- which NBC Universal helped create and currently owns about a 30% interest in. Other big media companies, News Corp. and Walt Disney Co., along with�*Providence Equity Partners, are co-owners of the site.
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