Public Interest Not Served by Comcast’s Purchase of Remainder of NBCUniversal

Public Interest Not Served by Comcast's Purchase of Remainder of NBCUniversal

Michael Copps, special adviser to Common Cause’s Media and Democracy Reform Initiative, and a former decade-long member of the Federal Communications Commission, said the following about Tuesday’s announcement that Comcast would buy General Electric’s remaining 49 percent in NBCUniversal:

“This is proof positive why we have media consolidation: to raise share prices, please Wall Street, and pave the way for the next deal. What’s missing in these deals — and our regulatory policy — is a commitment to the public interest. It’s time we stand up to media monopolies.”