The Federal Communications Commission has extended the comment period for Comcast’s bid to acquire 51 percent of NBC Universal because it has not received the economic reports that support the merger from Comcast and NBCU. The new deadline will be set 45 days after the FCC gives notice that the economic reports have been submitted.
Public comments on the $30 billion transaction were originally due May 3 with reply comments due June 2.
Rep. Maxine Waters (D-Calif.) and a number of consumer groups have advocated that the deadline be extended to allow more time for the public to comment on the unprecedented transaction. Last week Waters introduced legislation, supported by 56 co-sponsors, to extend the FCC’s comment period.
“The FCC Media Bureau now acknowledged, as I have maintained, that consumer advocates will need substantially more time to review the complex details of this merger and prepare a sufficient response,” said Rep. Waters.
The Department of Justice is also reviewing the deal.