This story is over a week old, but needs to be discussed, especially as this is the #2,356 most Comcast hating website in the World.

Comcast, The Worst Company on Earth, bought NBC Universal from GE the other day.  Actually, they bought 51% of it in a complicated deal, but the bottom line is that Comcast now owns NBC, USA, Bravo, and some other stuff.

Where this all gets interesting is that Comcast is obviously in the content delivery business.  They currently pay NBC a ton of cash to make their networks available to their cable subscribers.  But now, they’ll own those networks.

So, as the owner of, say, USA, Comcast is now in the position to set the price of providing USA to customers.  That’s a bad thing if you’re one of Comcast’s competitors, like DirecTV.

I won’t claim to be an expert in the whole cable TV business, because I’m not, but it’s not hard to imagine how this could go badly, especially in the hands of the Worst Company on Earth.

Normally, a myriad of federal agencies would get involved and scrutinize this deal.  There’s the anti-trust angle, the broadcast angle, etc.  Those federal agencies are part of the executive branch of government, headed by the President.

So, what’s an evil company to do when they need a favor from the President?  Why, scratch his back, of course.

The day after Comcast announced it was buying NBC, their CEO announced his support for the President’s disastrous and unpopular health care program.  The letter can be found here.

Read more here and here.

So there you have it, Comcast, The Worst Company on Earth, is teaming up with the Worst Administration in Recent History, trading support on the health care bill for regulatory approval.

They always said this was the Most Transparent Administration Ever, but I guess I didn’t expect it to be this transparent.