FCC Chairman proposes approval of Comcast takeover

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WASHINGTON—Federal Communications Commission Chairman Julius Genachowski proposed approving Comcast Corp.’s deal to acquire control of NBC Universal from General Electric Co.

The proposal, circulated Thursday to the other FCC commissioners, still needs full commission approval, which isn’t expected until early 2011. It includes several conditions on the deal, requiring that Comcast make NBC and its other Comcast-owned video content available to pay-TV competitors at reasonable, nondiscriminatory terms, according to people close to the FCC’s negotiations.

Full story: FCC Chairman Proposes Approval of Comcast-NBC Deal –