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...finalized its bid on a majority stake in NBC Universal. If the plan gains final approval from government regulators, Comcast will have effectively bought a controlling 51% stake in the entertainment company from General Electric in a deal worth some $30 billion. As GE's vice president of East Coast television and microwave-oven-programming, Donaghy, played by Alec Baldwin, is at a crossroads - as is NBC, once home to shows like Seinfeld and Friends, whose ratings have lagged in recent years. The network, at least, is used to it. (See the top 10 post-Saturday Night Live careers...

Author: /time Magazine | Title: NBC | 12/4/2009 | See Source »

...founded in New York City in 1926 by the Radio Corporation of America (a subsidiary of General Electric) as a ploy to sell radios. (Radios absent programming, after all, are rather worthless.) Dubbed the National Broadcast Company, it originally had two separate networks, both focused primarily on the East Coast: the Red Network, which broadcast entertainment and music, and the Blue Network, which carried news. In 1927 the West Coast got its own version of the Red and Blue with the creation of the Orange and Gold networks, which largely showed the same programs. Two years later NBC broadcast...

Author: /time Magazine | Title: NBC | 12/4/2009 | See Source »

...alleged ring operated in a well-known drug production and transit zone, with cocaine passing through on the way to the Peruvian coast and then to Europe or the U.S. by boat. (The price supposedly paid for a gallon of fat would fetch about six times what the equivalent amount in cocaine would on the local market.) Peru is the world's second largest cocaine producer after Colombia, with a capacity to produce around 300 metric tons of cocaine annually from its coca crops...

Author: /time Magazine | Title: Peru's Fat-Stealing Gang: Crime or Cover-Up? | 12/1/2009 | See Source »

...softer light. And, as far as Dubai's leaders are concerned, the problem is largely limited to egregious overborrowing by one company in one sector: Nakheel, the Dubai World subsidiary behind huge property projects like the Palm and the World, built on injected sand off the Gulf coast. "It will take a bit of time, but Dubai will come back," a Dubai insider told TIME. "It will come back stronger, because the crisis will help create a more sustainable model for the future...

Author: /time Magazine | Title: Dubai's Woes a Blow to Ambitious Ruler Sheik Mo | 12/1/2009 | See Source »

...composed of fleeting moments, vignettes that slowly coalesce into a fuller picture of the characters and their experiences. Father and son run from bandits, enjoy an unopened, still-carbonated Coca-Cola, and eat canned fruit with an elderly fellow traveler, all the while theoretically moving toward the coast. The structure of the film doesn’t so much negate that motion as render it irrelevant...

Author: By Daniel K. Lakhdhir, CONTRIBUTING WRITER | Title: The Road | 11/30/2009 | See Source »

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