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

Posted by ScuttleMonkey on Friday December 4, 2009 @07:02AM from the no-matter-who-wins-the-consumer-loses dept.

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."

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Re:In other news... by cayenne8 · 2009-12-04 07:07 · Score: 5, Interesting

This sounds dangerous to me.
Such a large company in charge of the content AND the delivery channel? What happens when this all consolidates into just a couple of companies with content and channels owned...and then the government has to bail them out, and take control of.....oh wait....

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Light travels faster than sound. This is why some people appear bright until you hear them speak.........