NBC-Universal to be sold to Comcast.

I personally do not consider this news a good thing. The main reason is that Comcast is run by assholes that are nowhere near the center politically. Comcast has been known to consider left of center groups as the enemy and refused to allow their emailings to get to Comcast customers. From the NYT:

If it holds, the agreement would conclude weeks of hardball negotiations between G.E. and Vivendi over an alliance first forged in 2004. Resolving the issue of Vivendi’s stake is crucial to completing the G.E.-Comcast deal. But the French company took a tough stance, brandishing its option of holding an initial public offering for its stake rather than selling it back to G.E.

Under the current outlines of the agreement between G.E. and Comcast, NBC Universal would be put into a new joint venture, between the two giants. Comcast would pour billions of dollars in cash and its own cable channels for a 51 percent stake, while G.E. would hold an initial 49 percent and contribute about $12 billion in debt.

G.E., which has owned NBC for more than two decades, is expected to eventually sell its ownership interest to Comcast over the next several years.

This sale does not make me feel warm and fuzzy. Not by a longshot.

About Dusty, hells most vocal bitch

I am a..brown Cali bitch that is quite the opinionated,political, pain-in-the-ass, in your face kinda girl that also loves baseball and music to a fault. Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.--Albert Einstein-*

Posted on November 30, 2009, in Comcast, NBC. Bookmark the permalink. 9 Comments.

  1. We need less media conglomeration, not more. This is bullshit even before the politics get figured in.

  2. Oh hell yeah Dave. Will comcast turn NBC into another Faux Noise?

  3. Pansies, all of 'em. I'll be impressed when one company owns everything.

  4. Here we go again…another monopoly of mainstream media, and thus more filtering of our news. Between the decline of the Fourth Estate and the ubermonopolization of media, it gets harder and harder to find independent reporting. Woth this deal, how long bedore they drive Rachel Maddow and Keith O. off the airwaves? Gah! >:o

  5. Corporate media..its all corporate media. The only US media I trust is McClatchy now.

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