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...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, 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...
...first major broadcast network, 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...
Almost from the start, however, legal troubles tangled NBC's corporate history. In 1931 antitrust issues forced RCA to split from General Electric; the orphaned company moved into new digs in New York City's Rockefeller Center (which remains its headquarters to this day). Despite a spirited rivalry with fellow broadcasting giant CBS in the golden age of radio, NBC ruled the dial - a supremacy that sparked further antitrust investigations from the newly created Federal Communications Commission. In 1939 the FCC ordered RCA to spin off NBC entirely; RCA, in a successful effort to avoid this outcome, instead sold...
...commentator in Moscow. In other ways, too, the bomb laid on the tracks of the Neva Express bore the trademarks of Umarov's new approach. As rescue workers sifted through the wreckage, a second explosion at the scene of the bombing injured Russia's chief investigator in the Prosecutor General's office, Alexander Bastrykin, a close ally of Russian Prime Minister Vladimir Putin. "This tactic is used by terrorists in the North Caucasus," Bastrykin said in an interview published on Wednesday in the state-owned daily Rossiyskaya Gazeta. That bomb, investigators said, was triggered by a mobile phone, a method...
...also be a key issue in next January's presidential election. Having ended what once seemed like an endless war, Rajapaksa would appear to be unbeatable. But Sri Lanka's numerous opposition parties have come up with a consensus candidate whose stature as a war hero is unquestioned: retired General Sarath Fonseka, the army commander who defeated the Tigers. Fonseka has softened his once die-hard Sinhala nationalism and criticised the government for holding civilians in camps, calling for rapid and complete resettlement. "We did not win the war to lose the hearts and minds of the people," Fonseka said...