Comcast has taken a big step towards acquiring NBC/Universal, and the terms of the deal could help bridge the digital divide.
Broadcast industry sources say a draft order circulated by the Federal Communications Commission would give Comcast the go-ahead to close it’s 30 billion dollar deal with NBC-Universal.
As part of the deal, the cable giant is reportedly agreeing to offer broadband Internet service to low-income families for $9.95 a month.
Broadcasting and Cable magazine is reporting the FCC will impose conditions on program access, online access, and diversity as part of the deal.
Comcast would hold a majority interest in the company, with NBC parent General Electric having 49 percent, but the Philadelphia based cable giant would have the right to buy the rest of the company within three to seven years. The FCC Commissioners still have to vote on the deal, which could take up to a month.