Court signs off on Comcast takeover of NBCU

Business Law

A federal court has approved the government's conditions placed on Comcast's takeover of NBCUniversal.

In an order Thursday, U.S. District Judge Richard Leon in Washington, D.C., tacked on a two-year oversight period that aims to protect competitors who want to distribute NBCUniversal video content online.

He ordered the government and Comcast to report annually on online video competitors who attempt to arbitrate disputes either through the Federal Communications Commission or an arbitration process set up as part of the takeover.

Comcast took 51 percent control of NBCUniversal in January after paying General Electric Co. $6.2 billion and contributing channels worth $7.25 billion to the new entity.

Among other conditions, the Justice Department and the FCC forced Comcast to relinquish decision-making power related to its minority stake in online video service Hulu.

Related listings

  • Industry applauds ruling on city gas drilling ban

    Industry applauds ruling on city gas drilling ban

    Business Law 08/16/2011

    A court ruling that invalidates Morgantown's ban on Marcellus shale gas drilling gives West Virginia's oil and gas producers the certainty they need to keep expanding operations, an industry leader said Monday. "We all along believed the city of Morg...

  • Regulators shut 4 small banks in 3 states

    Regulators shut 4 small banks in 3 states

    Business Law 07/15/2011

    Regulators on Friday shut down four small banks in three states, boosting to 55 the number of U.S. bank failures this year. The overall pace of closures, however, has slowed this year as banks work their way through piles of bad debt. A slow, but imp...

  • Bernanke: Fed ready to act if economy worsens

    Bernanke: Fed ready to act if economy worsens

    Business Law 07/13/2011

    Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday the Fed is ready to act if the economy gets weaker. He warned them that allowing the nation to default on its debt would send "shock waves through the entire financial system." Underscori...

Grounds for Divorce in Ohio - Sylkatis Law, LLC

A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party

Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party

However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.

Business News

New York & New Jersey Family Law Matters We represent our clients in all types of proceedings that include termination of parental rights. >> read