PHILADELPHIA (AP) -- Media mogul John Malone says Comcast's plan to buy a controlling stake in NBC Universal would give it too much market power and force competitors to consider mergers or acquisitions as well.
Comcast Corp. -- the nation's largest cable TV provider -- is in talks to buy a controlling stake in NBC Universal from General Electric Co. Malone told The Associated Press in an interview Thursday that a deal could force competitors like him "to look pretty hard on how they can protect themselves from the kind of market power that that would represent."
Malone is chairman of Liberty Media Corp., which controls satellite TV provider DirecTV Group Inc.
NBC Universal includes broadcast and cable channels, film studios and theme parks.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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