Word: comcasts
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...media shake-up, cable operator Comcast agreed to buy a majority stake in NBC Universal from General Electric. The deal would create a giant firm whose assets pulled in $51 billion in revenue last year. Thriving NBC Universal cable channels such as USA and MSNBC were especially attractive to Comcast, though the flagship NBC broadcast network remains mired in fourth place. Regulatory approval of the deal could take more than a year...
...COMCAST...
...powers that be are taking away Jack Donaghy's microwave ovens. The cast of 30 Rock - a show about a fictional program on a very real TV network - will have to find a new target to make fun of, now that cable giant Comcast has 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...
...reality-TV trend, and replacement shows for Seinfeld and Friends (retired in 1998 and 2004, respectively) never lived up to expectations. And while NBC's cable stations (Bravo, USA and MSNBC, among others) are performing well, the network itself places a consistent fourth in the ratings, making Comcast's job a turnaround one. Its potential plans? Possibly a name change (Comcast Entertainment is rumored) but also an increased emphasis on broadening TV's scope beyond the box itself. Comcast is a cable company, interested in "finding new ways to sell viewers media," according to TIME's James Poniewozik. That means...
...then, what do you think of the Comcast NBC-Universal Deal? There are parts of the combination that seem to make obvious sense. Including a bunch of fixed costs that you can spread over a big cable company. However, it is, at a minimum, intriguing that the CEOs of the two leading cable companies in the United States [Comcast and Time Warner Cable] have taken diametrically opposite views on whether it is wise or strategic to invest capital into content businesses. [While Comcast considers merging with a content company,] Glenn Britt, CEO of Time Warner Cable, has said he will...