Bloomberg Television Benefits From Comcast-NBC Universal Conditions
NEW YORK – Financial news organization Bloomberg L.P. is one of the beneficiaries of regulatory conditions on the Comcast-NBC Universal merger that it says offer protection for its Bloomberg Television news network.
NBC Universal owns, among others, CNBC, with which the Bloomberg channel competes.
After lobbying efforts from Bloomberg and others, the FCC approval of the big media merger includes a condition that Comcast, if it positions its news networks together in the cable channel lineup, must also include unaffiliated news channels in that same “neighborhood.”
“The FCC has taken strong action to preserve independent news programming and protect competitors against discrimination,” said Bloomberg L.P. president Dan Doctoroff. “The FCC has recognized the critical importance of neighborhooding and ensuring that independent channels are treated fairly and consumers are protected.”