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NBC-Comcast Move Closer to Deal
Just when you finally memorized your TV lineup, General Electric may be closer to selling its ownership of NBC to Comcast. NBC Chief Jeffrey Immelt met with the head of Vivendi, the minority owner of NBC, in France Wednesday. Immelt is looking to get Vivendi to agree to a value at which it would sell its 20 percent share of NBC to Comcast. Bloomberg News reports that the two sides are less than $500 million apart. Getting Vivendi on board is a critical step in creating a joint venture between GE and Comcast. The Philadelphia cable giant would take a majority ownership of the company. Company officials declined to comment. Each year, Vivendi has a window between November 15 and December 10 to sell its stake.
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Demsdisorder
Is NBC still on TV?
FatFreddy
Screw Comcast and their "Acceptable Use Policy" and their outrageous bills for sub-par service. Soon Verizon FiOS will be in my neighborhood and I can tell Comcast to piss off.
Comcast tried to buy ABC/Disney and were denied. I guess GE is more motivated to sell because of their losses from GE Capital division.
snodave
This is frightening! Comcast is pretty republican oriented and run. They relegated msnnbc to obscure channels across the nation during the last election. What might they do to liberal news outlets when they own them? Is this a silent attack to quiet progressives and our views?
Johnnyappleseed
Wow! This is great news for GE stockholders, getting rid of this slug of a network to comcast.
GE stands to make billions off of the carbon tax issue, unless the latest email revelation of the global warming shell game becomes too big to handle,maybe this why Jeffrey Immelt has decided to unload this loser.
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