Comcast Promises $20 Million For Venture Capital Fund For Minority Entrepreneurs

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(Los Angeles Times) — Comcast Corp. said it will contribute at least $20 million to a venture capital fund that the cable giant is creating to back minority entrepreneurs in developing new media content and technology. The move is part of Comcast’s effort to ease concerns from minority groups about its proposed deal to take control of General Electric Co.’s NBC Universal. A marriage of the biggest cable and broadband provider with a huge content company has some fearing that there will be a loss of diversity in both in the programming people see and the executives behind the scenes.

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