Comcast promises $20 million for minority entrepreneurs

Comcast Corp. promised to create and contribute at least $20 million to a venture capital fund for minority entrepreneurs in new media and technology. The promise comes at a time when many are concerned by Comcast’s proposed takeover of NBC Universal, which some say would result in a loss of diversity both in programming and the executives. Several companies and groups, including Bloomberg and Writers Guild of America, are opposed to the merger.

Read the story at the Los Angeles Times.