Posts Tagged ‘Comcast’

Wonder what you would find if you frisked General Electric – the parent company to NBC/Universal?

Answer: SOLD! Comcast has bought NBC/Universal from G.E.

FOX News reports:

Comcast Corp. announced Thursday it plans to buy a majority stake in NBC Universal for $13.75 billion, giving the nation’s largest cable TV operator control of the Peacock network, an array of cable channels and a major movie studio.

Comcast would name three people to the board and GE two, and Comcast would manage the joint venture. Jeff Zucker would remain NBC Universal’s CEO and report to Comcast Chief Operating Officer Steve Burke. NBC Universal’s headquarters are expected to stay in New York.

Overall, there are still some government hoops that the deal has to jump through in order for it to pass officially, but we will see.

The BIG question is: Will Comcast eventually change NBC’s failing cable-news service MSNBC in order to compete better with FOX News and CNN?



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Wonder what you would find if you frisked General Electric – the parent company to NBC/Universal?

Answer: With billions in debt, GE is looking for a way to make money.

I know! I know! I may of put up the ‘sold’ sign a little early, but with GE’s humongous debt and NBC/MSNBC’s awful ratings… I think it’s inevitable. Oh no! Poor Obama’s liberal think tank/television network! Reuters reports:

Comcast is in talks with NBC Universal’s parent company GE to buy a controlling stake in the joint venture that has broadcast and cable channels as well as movies and theme parks.

The new NBC Universal is expected to be able generate enough cash to pay down $9 billion in debt that would be added to its books as part of the deal, and purchase the rest of the company from GE.

Hmm… Is there any other companies trying to snatch up this deal? You betcha:

Rupert Murdoch’s News Corp (NWSA.O) and John Malone’s Liberty Media Corp (LINTA.O) are also interested in NBC Universal, though neither has approached GE so far, CNBC reported, citing sources.

News Corp, which owns the Fox cable network and local TV stations, had been seen as a less likely bidder, analysts have said, because taking a stake in NBC might raise antitrust concerns with the U.S. government.

Oh snap! Could the parent company of Fox News actually takeover NBC and MSNBC!? Hmm… Lets not get too excited. After all, I’m sure Eric Holder and his cronies would use all of their powers imaginable to preserve their liberal think tank/television network/propaganda machine. Haha, what do you think?

Either way… NBC and MSNBC have been sliding downhill in the ratings faster than an avalanche without the laws of friction. If ANY company is willing to purchase them, do you really think that they’ll keep the channels’ current programing??? If they want to make money, absolutely not.

Side-Note: Hey GE, karma is a bia, isn’t it? This is what you get for playing in the same sandbox as Iran.

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