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

Also announced...

[smurphmeister]

Starting immediately, CBS and ABC will now only be available as pay per view for all Comcast customers!

Re:whom the gods would destroy they first make mad

[LOLLinux]

That was pretty hardcore dude. You're soooo nonconformist. Keep raging against the machine while Cheetos dust covers your neckbeard down in your parent's basement.

Did anyone consult Shinehart Wigs?

[Labcoat Samurai]

Wonder what effect this will have on plots in 30 Rock. Is Jack going to gun for CEO of Comcast now? That lacks the same punch.

Re:Slashdot: Yesterday's News... Today!

[Sir_Lewk]

Here at slashdot we get news articles later than elsewhere because of the large ammount of background research and spellchecking the editors put into each article. You pay a price for good editing.