Comcast to Buy 51% of NBC, GE Goes After 49%

An anonymous reader writes to tell us that Comcast and General Electric announced a joint venture yesterday to control NBC Universal, with Comcast coming out with the controlling interest. Comcast's hopes seem to be on succeeding in a marriage of distribution and content, where Time Warner failed. "The deal was approved by the companies' boards, and is subject to regulatory approval. GE said it expects the deal to go through in the third quarter of 2010. Congress has already said it will hold a hearing to investigate whether Comcast will gain 'undue advantages' from the deal that gives it access to programming."

Comments

whom the gods would destroy they first make mad

[czarangelus]

Who cares? Does anybody still watch that crap? All mainstream media outlets are giant dinosaurs too stupid to realize they're already dead. There's virtually nothing good on television anyway; ad revenues are plummeting as consumers have no more money to spend, and anybody savvy just uses BitTorrent anyway.

Good to see these propaganda arms of the State cannibalizing each other, kuru and death should follow soon enough.