News Summary: Comcast’s settlement with FCC

Published June 28, 2012 3:09am ET



THE DEAL: Comcast Corp. will pay the government $800,000 and offer a broadband Internet access option to customers who don’t subscribe to the cable company’s video cable services.

THE SPARK: It’s part of a settlement to close a federal investigation into the company’s compliance with conditions of its NBCUniversal acquisition. Comcast didn’t admit any wrongdoing.

DETAILS: One of the conditions called on Comcast to offer stand-alone broadband Internet access services at reasonable prices and with sufficient bandwidth to customers who don’t pay to get Comcast’s cable TV service. The government received information suggesting that Comcast wasn’t adequately marketing the service.