Thursday, December 3, 2009

“Wrapped in Cable”

Cable giant Comcast is taking control of NBC Universal, making them the largest entertainment company in America. Comcast’s first goal is to gradually turn NBC into a television network.

Forging a deal with General Electric took time and careful negotiation. Their joint venture gives Comcast 51% control of NBC, Bravo, CNBC. MSNBC, Oxygen, Telemundo, and USA Network, but also leaves them stuck with The Jay Leno Show.

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