In December 2009, Comcast announced its intent to acquire a majority stake in the media conglomerate NBC Universal from General Electric (GE). The planned acquisition was subject to scrutiny from activists and government officials; their concerns primarily surrounded the potential effects of the vertical integration that the acquisition could create, as Comcast is also heavily involved in cable television and internet services in many media markets. The deal went through, resulting in Comcast owning 51% of the company until March 2013, when GE divested its stake; Comcast now owns 100% of NBCUniversal.
History
Background
Comcast was, at the time, the largest cable television provider in the United States. It also owned a number of major cable networks, including E!, Golf Channel, and Versus. In 2004, Comcast attempted a hostile takeover of The Walt Disney Company for $41 billion, which would have made Comcast the world's largest media conglomerate, if approved. The deal fell through, however; Comcast's motivation for the deal was centered around gaining control of ESPN, which a Comcast executive described as "the most important and valuable asset" in Disney's portfolio. The same year, General Electric acquired an 80% stake in Universal Studios from Vivendi, which merged into NBC to form NBC Universal. By 2009, the company's financial performance had struggled due in part to the poor performance of recent Universal Pictures' productions, and NBC, who was at the time, ranked 4th among the major broadcast television networks. By contrast, some of its cable networks (such as MSNBCSyFy, and USA Network) were reporting steady gains in viewership. After the failed Disney deal, Comcast focused on its existing networks (along with its Comcast SportsNetregional sports networks), and acquired a stake in the movie studio MGM.
Interference with mergers and acquisitions to punish critics was a feature of Trump’s first administration. Now NBC is up for sale by Comcast, with the future of the liberal MSNBC network very much in question.
She continued ... While there, Gottheimer helped ease through the controversial NBC-Comcast merger. “He wrote slimy press releases touting Comcast’s broadband for poor people that was basically dial-up for ten dollars,” the employee recalled ... “Mr ... Rep ... 4 ... .
Discovery merger as well as other past mergers, such as Comcast-NBCUniversal and AT&T-Time Warner. It’s asserted that these mergers have been financially unsuccessful and damaged the financial and creative prospects of writers.
Yaccarino said. 'Thank youElon Musk... She added ... Yaccarino played a big role in the launch of NBCUniversal's ad-supported streaming service, Peacock, as well as overseeing the NBC and Comcast merger that created NBCUniversal ... ....
Here's what to know about Yaccarino. VETERAN AD EXEC... She came to NBCUniversal in 2011, just as Comcast was completing its merger with NBC, and oversaw integrating the companies' ad sales platforms ... PUSHING BOUNDARIES ... BIOGRAPHICAL DETAILS ... .
Teamwork ... Yaccarino said. 'Thank youElon Musk ... She added ... Yaccarino played a big role in the launch of NBCUniversal's ad-supported streaming service, Peacock, as well as overseeing the NBC and Comcast merger that created NBCUniversal ... RELATED ARTICLES ... .
Yaccarino began working for NBCUniversal in 2011 as Comcast was completing a merger with NBC, starting as president of cable entertainment and digital ad sales.
Here's what it looks like at the US-Mexico border as Title 42 expires ... soil with the restrictions lifted ... She came to NBCUniversal in 2011, just as Comcast was completing its merger with NBC, and oversaw integrating the companies' ad sales platforms ... 1.
In El Paso, pastors offer waiting migrants shelter and counsel ...Doomsday plot ... NEW YORK (AP) — A U.S ... Rep ... She came to NBCUniversal in 2011, just as Comcast was completing its merger with NBC, and oversaw integrating the companies' ad sales platforms ... .
Yaccarino began working for NBCUniversal in 2011 as Comcast was completing a merger with NBC, starting as president of cable entertainment and digital ad sales.
...American owner of NBC/Universal and Peacock Comcast ... Peacock, Comcast’s streamer made up of content from NBC/Universal, is now rumored to possibly lose its identity in a merger with Warner Bros.
Zucker hired as an Olympics researcher for NBC... Zucker marries his NBC colleague Caryn ... He meets Gollust at NBC ... Despite gaining a lot of power at NBC, Jeff was shoved out of the company in 2010, after its merger with Comcast Corporation.
Mergers mean job cuts, leaving an ... When Comcast and NBC announced a merger in 2009, Hunt publicly opposed it, and says promises by executives to create more minority-owned networks largely fell flat.
Rutland Herald
13 May 2023
Rutland Herald
13 May 2023