Microsoft, NBC Breakup Complete now
By Mark Russell,  Newser Staff
Posted Jul 16, 2012 5:46 AM CDT
Bob Wright, then CEO of NBC, at a press conference in New York as Bill Gates, then CEO of Microsoft, appeared on video screen from Hong Kong, at the announcement of the creation of MSNBC in 1995.   (Getty Images)
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(Newser) – The long-rumored media breakup has finally come to pass: NBC News and Microsoft have called it quits on joint venture, reports the New York Times. Sixteen years after the pioneering partnership began, NBC parent company Comcast bought out Microsoft's 50% stake, reportedly for $300 million. Indeed, trips to now redirect to, which, with the exception of a new logo, currently looks unchanged. "What we have right now is fine," said NBC News President Steve Capus of "But I hate the word 'fine.' We want something more than fine."

While the partnership started strong, transformations to media in the Internet age soon made it more of a handicap for both sides. The fact that Microsoft controlled ad sales frustrated NBC, and Microsoft felt hampered by its inability to make non-NBC partnerships for its website. isn't dead and gone for good: The site will relaunch next year as a stand-alone site for the cable news channel. And MSNBC will continue to send traffic to via MSN—at least for now.