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Just when you finally memorized your TV lineup, General Electric may be closer to selling its ownership of NBC to Comcast. NBC's chief Jeffrey Immelt met with the head of Vivendi, the minority owner of NBC, in France yesterday. 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-based cable giant would take a majority ownership of the company. Company officials declined to comment for the story. Each year, Vivendi has a window between November 15 and December 10 to sell its share. (Bloomberg News)
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How Rich People Smoke Pot
Paul Schrodt is a writer living in New York City. He has contributed to New York magazine, Radar, and Esquire.com.
Justice Clinton?
As vice chairman of Public Strategies and president of Maverick Media, Mark McKinnon has helped meet strategic challenges for candidates, corporations and causes, including George W. Bush, John McCain, Governor Ann Richards, Charlie Wilson, Lance Armstrong, and Bono. McKinnon is co-chair of Arts & Labs, a collaboration between technology and creative communities that have embraced today's rich Internet environment to deliver innovative and creative digital products to consumers.
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