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.”