Comcast Acquires NBC From GE

After months of talks, cable giant Comcast has made a deal with General Electric for NBC. According to the NY Times, "The agreement will create a joint venture, with Comcast owning 51 percent and G.E. owning 49 percent. Comcast will contribute to the joint venture its stable of cable channels, which includes Versus, the Golf Channel and E Entertainment, worth about $7.25 billion, and will pay G.E. about $6.5 billion in cash, for a total of $13.75 billion. For now, the network will remain NBC Universal, but ultimately Comcast could decide to change the name." Fun facts: GE CEO Jeffrey Immelt and other execs "intend" to keep their offices at 30 Rock and want the GE logo to remain at the top of the building.

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By Jen Chung in News on December 3, 2009 12:27 PM

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S.K.

Who cares? NBC will still pay its interns zilch, and getting a job there will be nearly impossible. A

NannyState

Here we go: Comcast will soon be in everyone's pocket if they have to install tiny bill accepters in every molecule of the air we breathe. And WTF with Jeff Zucker STAYING and becoming CEO of this new shitstorm? How does a guy that screwdrives a No.1 network into the ground get to keep his job? And can I have one of his "boardroom specials" too, while he's under the desk?

Guest

i don't know why, but stuff like this scares the crap out of me. it's one thing to mess around with small companies, but messing with giant corporations...?

i'm expecting weird changes that will affect my life, minutely, but permanently.

Guest

i guess it's better than Bloomberg taking over No Body Cares. y'know, bloomberg starbucksTM, bloomberg staplesTM, McBloomberg-Donalds, dunkin' bloomberg donuts, etc, etc, etc.

sooner or later manhattan will be called NBC - new bloomberg city. ha ha ha