Comcast, NBC Universal Defend Deal On Capitol Hill
RENEE MONTAGNE, host:
And executives from cable giant Comcast and entertainment company NBC Universal were on Capitol Hill yesterday defending their plan to join forces.
NPRs Elizabeth Blair reports.
ELIZABETH BLAIR: The proposal is controversial because a major distributor would control NBC Universals movies, TV shows, cable channels. Legislators wanted to know would the combined companies jack up rates. Would non-Comcast subscribers lose access to shows they want? The answers from Comcasts Brian Roberts were mostly accommodating.
Mr. BRIAN ROBERTS (CEO, Comcast): One of the reasons we want to get more invested in content is we see the value of that content growing. We will be well-served to make that content available to all the growing players in the marketplace.
BLAIR: The head of a smaller cable company testified that up to now negotiations with Comcast over content had been difficult. A supporter of the deals from the Freedom Foundation said regulators should simply let the market decide whether it will work.
Elizabeth Blair, NPR News, Washington.