Federal regulators on Tuesday approved Comcast’s acquisition of NBC Universal, allowing for a joint venture that puts a vast library of television shows and movies under the control of the nation’s biggest cable and broadband Internet service provider.

The Justice Department also announced its approval of the deal with conditions aimed at keeping Comcast-NBCU from quashing competition from other networks and Internet providers.

-Read more about the decision at The Washington Post.

This is not good news. I do not believe the conditions set by regulators are sufficient, and I don’t believe such mergers ought to be allowed in any case. Here we have one of the largest media conglomerates in the United States and abroad teaming up with the largest internet and cable providers in the US. It is a bad precedent.
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