Justice Department begins probe into cable companies: report

The Justice Department has begun an anti-trust probe into whether cable companies are acting improperly to hurt nascent competition from online video, the Wall Street Journal reported, citing people familiar ...

Zacks.com submits: Is Comcast Corp. (CMCSA) on the verge of getting regulatory approval to acquire a controlling stake in NBC Universal (NBCU)? A recent change at the helm of NBCU indicates this. Yesterday, Comcast and General Electric Co. (GE), the current owner of NBCU said in a joint statement that the existing COO of Comcast, Mr. Steve Burke will succeed the incumbent CEO of NBCU Mr. Jeff Zucker by 2010 end.

Aaaaand he’s out.

Erick Schonfeld submits: The pending $30 billion merger of Comcast (CMCSA) and NBC-Universal is going to complicate things for Hulu, the second most popular online video site after YouTube.

(Reuters) - Satellite operator DirecTV and two other bidders have offered more than $1 billion apiece to buy Hulu, a source with knowledge of the bidding process said on Friday, increasing the likelihood that owners 

(Reuters) - Satellite operator DirecTV and two other bidders have offered more than $1 billion apiece to buy Hulu, a source with knowledge of the bidding process said on Friday, increasing the likelihood that owners News Corp and Walt Disney Co will be able to shed the video streaming service they failed to sell in 2011.