Comcast Buys Out GE's Remaining 49% Stake In NBC
Bob the Super Hamste writes "On Tuesday Comcast announced that it would accelerate its acquisition of NBCUniversal and purchase the remaining 49% owned by GE for $16.7 billion. Previously GE and Comcast were expected to operate NBCUniversal jointly until mid 2014 with Comcast having the option to extend that out until 2018. So far there are not details on when the deal with be completed but the article indicates that Comcast's complete acquisition of NBCUniversal will be completed years earlier that initially thought."
Kabletown
These people will become the 'federal government' of the internet.
“He’s not deformed, he’s just drunk!”
I've been dealing with and reading about Comcast for a long time. This scares me. Already the country has forgotten about the obvious and egregious conflict of interest at the FCC. Face-palm. Comcast now has unprecedented access to the mind-share of the American public, from pre-production to eyeballs.
Comcast along with other companies like Disney, ClearChannel, etc. are not to be trusted. Be wary, my friends.
"Here Lies Philip J. Fry, named for his uncle, to carry on his spirit"
Say goodbye to certain channels on other networks in a few years...
Pretty soon a handful of companies will own every old media outlet out there. Well, at least we still have the internet.
My ISP? Oh, it's Comcas.....oh shit.
What political party do you join when you don't like Bible-thumpers *or* hippies?
Controlling the content creation, performances and delivery of the content is very profitable.
Does this mean no more over the air broadcast for NBC affiliate channels?
Jack:The only thing I will be discussing with the House Subcommittee on Baseball, Quiz Shows, Terrorism, and Media is vertical integration.
Liz:What's vertical integration?
Jack:Imagine that your favourite corn chip manufacturer also owned the number one diarrhea medication.
Liz: That'd be great cuz then they could put a little sample of the medication in each bag.
Jack:Keep thinking.
Liz:Except then they might be tempted to make the corn chips GIVE you...
Jack:Vertical integration.
Largest military industrial complex member sells propaganda wing to oligopoly softcore porn distributor.
Comcast to make it so NBC flickers in and out every five minutes, so that their TV users won't have an advantage over their internet ones.
Should the company that owns the "pipes" also be able to own the content streaming through those pipes? Shouldn't the antitrust people be stopping this? An example of a negative: NBC channels could be given lower channel numbers than the competition making it more likely that people watch those while channel surfing. Also, Comcast has a kind of monopoly as it is.
one company owning everything...
The federal government has broken up monopolies before. In the 1980s, AT&T was forced to breakup into what were at the time known as the baby bells.
Maybe we will see another government mandated breakup similar to the telco breakup of the 80s.
and that only got on directv was to buy out techtv and likely when the deal ran out is when directv dropped them.
Syfy is owned by NBC, and Comcast has already made changes there.
Syfy's Eureka series debuted in 2006. I was never a big fan, but it looked like it had promise, gained a following and did well. They'd throw out occasional references to things like the LHC and CERN, had Joe Morton (who played Miles Dyson in Terminator 2) as a regular character, and even brought in our buddy (and by that I mean he reads and posts on Slashdot) Wil Wheaton toward the end.
Comcast purchased a majority stake in NBC in January 2011. By August, Eureka was cancelled. The show had good ratings, good viewership, and was considered "the golden child" of Syfy, but Comcast killed it because it was not profitable enough. It wasn't losing money, but Comcast decided that if you have to spend money on special effects to sell the show to viewers, there are lots of cheaper, more profitable ways to get viewers' attention.
With Comcast poised to take full control of NBC sooner, expect more of the shows that drive Syfy's viewership to be cancelled in the next couple of years, and if they take it far enough eventually Syfy may go away.
Price increase!!!!!!!!!!!
In 'Murica, only old people watch teevee.
And jocks.
the preceding comment is my own and in no way reflects the opinion of the Joint Chiefs of Staff
General Electric does not make weapons, and should not be counted as part of the military industrial complex. GE makes steam turbines, locomotives, medical equipment, wind turbines, jet engines, yes for fighter jets, but for civilian aircraft too, they had (have?) a major banking operation and GE made some other stuff also.
Military industrial complex would be Raytheon, Lockheed Martin, Rockwell Collins, etc.
That 40 year old movie predicted this problem spot on:
https://www.youtube.com/watch?v=HFvT_qEZJf8
Nothing is enough for whom enough is too little - Confucius
We really need Teddy Rosevelt to come back and bust all these greedy bastards that for all practical purposes are trusts.
You can watch all the NBC you want; but after 250 hours your viewing will be reduced to MSNBC.
So not only will they reduce the quality and variety of TV programming, they'll make you pay for it.
"Comcast executives warned analysts in the call that TV programming costs could increase in the "low double digits" in 2013 -- inflation that likely will passed to Comcast's TV customers -- after increasing about 7 percent in 2012."
http://investing.businessweek.com/research/stocks/news/article.asp?docKey=600-201302131211KRTRIB__BUSNEWS_2063_22042-1¶ms=timestamp%7C%7C02/13/2013%2012:11%20PM%20ET%7C%7Cheadline%7C%7CComcast%3A%20Rate%20hike%20likely%20to%20pay%20for%20programming%20%5BThe%20Philadelphia%20Inquirer%5D%7C%7CdocSource%7C%7CMcClatchy-Tribune%7C%7Cprovider%7C%7CACQUIREMEDIA%7C%7Cbridgesymbol%7C%7CUS;CMCSA&ticker=CMCSA
I received an email from Comcast yesterday that my rate was going up 10%. They said that this was a "confirmation of a service request change" from me, although I hadn't made any change request, and the email just showed my service package being cancelled at one rate, and being reinstated at the higher rate. This was the same day they announced the NBC buyout.
I wonder how they're financing that?
Most corps these days don't pay out dividends.
At 51% they already controlled NBC.
So why spend billions just to buy the rest?
I'm not a lawyer, but I play one on the Internet. Blog
Xfinity TV isn't available in all markets. Does Comcast really want NBCU channels to have 0 ratings in cities served by a different cable TV provider or in rural areas not served by any cable TV provider?
NBC could always cut its OTA affiliate feed back to SDTV.
GE sent NBC on its downward spiral, and Comcast's partial ownership didn't lead to any improvement.
Now GE is out of the picture, and we'll know who to blame if NBC doesn't fix its problems.