In the media: Comcast-NBCU merger deadline extended
The Federal Communications Commission has extended the deadline on the decision to approve or disapprove Comcast’s proposed acquisition of NBC Universal.
The extension will give the public enough time to comment on the full amount of information the companies must provide, which is yet to be made fully available, according to a report in Reuters.
The two companies have agreed to submit two reports, one on the potential benefits from the transaction and another on the potential impacts on online video distribution, but said they would not be able to make a May 3 submission deadline.
May 3 was supposed to be the beginning of a 45-day period open for public comment on the proposed merger, but the FCC decided to delay the start of that period until Comcast and NBCU can submit those two reports.
The submission will trigger the 45-day comment period.