John Malone: Comcast-NBC would have too much power

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.)


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 70490507 - local8now.com/a?a=70490507
Gray Television, Inc.