US lawmakers get few answers on Comcast/NBC deal
US lawmakers get few answers on Comcast/NBC deal
US lawmakers get few answers on Comcast/NBC deal
WASHINGTON, March 11 (Reuters) - U.S. lawmakers on Thursday raised concerns artificial fruitthat the Comcast deal to take control of NBC Universal#x could limit customers' access to programming and drive up cable prices.
They got few answers from top U.S. cable provider Comcast and key regulators reviewing the $30 billion joint venture that would give Comcast a 51-percent stake in NBC Universal from General Electric Co (GE.N).
Congress does not directly approve such deals but has the ability to air public concerns.
Comcast Chief Executive Brian Roberts told the Senate Commerce Committee artificial fruitthat the company was expecting a return on its investment, some of it borrowed, to be "positive and hopefully double digit."
While the deal is worth a total of about $30 billion, he said Comcast was putting in some $6.5 billion in cash.
Lawmakers got few specifics about how Comcast now deals with rivals who buy its content -- a critical issue since Comcast is buying a majority stake in NBC Universal precisely for access to a huge stock of movies and television shows.
Senator John Kerry of Massachusetts was generally positive on the deal and said he had "immense respect" for Roberts.
"I have an open mind on this," he said.
Senator Maria Cantwell#x took the cable industry to task, citing complaints from Washington state residents artificial fruitabout access to Olympic coverage. "I guess I'd like to say at this point in time,网站优化, I can't support this merger," she said.
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