The marriage of content producer NBC Universal and content deliverer Comcast is nearing, with the FCC saying Tuesday in a 4-1 vote that the complicated union of the two companies can go forward.

The Justice Department cleared the merger of any possible anti-trust regulations. Both sets of federal regulators have thrown on some conditions on the merger. While the conditions have not been publicly released, here's a sampling from various media reports.

• Comcast-NBCU must post NBC content on any third-party video websites that its competitors such as CBS and ABC do.
• Comcast-NBCU must make its content available on rival cable companies.
• Comcast-NBCU must not punish advertisers who deal with its competitors
• Comcast-NBCU must keep al similar cable channels close together, meaning NBC channels such as MSNBC and the Golf Channel can't sit in front of the cable channel line-up while CNN and ESPN are relegated to much lower slots.
• Comcast-NBCU must treat all content passed through its cables equally for at least seven years.
• Comcast-NBCU must offer Internet-only service for $49.95 a month for three years.

Comcast and NBCU reached a deal in December 2009. When the deal is completed at the end of January, it will mark the first time that a cable company owns a broadcast network.

Per Bloomberg,

Comcast would acquire a 51 percent stake in General Electric Co.’s NBC Universal from GE by paying $6.5 billion in cash and contributing cable channels valued at $7.25 billion to a joint venture that will own the entertainment company....Comcast acquire the NBC television network, broadcast stations, cable channels such as MSNBC and USA Network, a library of more than 4,000 movies, and part ownership of the Hulu online video service...

Paris-based Vivendi SA will sell its 20 percent stake in NBC Universal as part of the deal.

Reach executive producer Paresh Dave here. Follow him on Twitter: @peard33.