NBC Universal studio

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Comcast Confirms NBC Buy

$13.75B deal will create entertainment juggernaut

(Newser) - Comcast has confirmed its deal to buy a controlling share of NBC Universal from GE to create one of the world's biggest entertainment firms. Comcast will pay $13.75 billion in cash and assets for a 51% stake in NBC, the AP reports. The nation's largest cable TV operator will... More »

Comcast Plans to Announce NBC Deal Tomorrow

Joint venture would have $51B in assets

(Newser) - Comcast is set to announce its acquisition of NBC Universal tomorrow. The deal with GE will make Comcast an entertainment behemoth, with a big stake in the cable, TV, and movie industries. Combined assets of the venture would have been $51 billion last year, the Wall Street Journal reports. Anti-trust... More »

As NBC Falters, Real Drama Is Behind the Scenes

Network moves to consolidate amid executive shakeup, poor ratings

(Newser) - When NBC announced a sweeping shakeup last week, it confirmed just how bad things are at the network, the Los Angeles Times reports. Ratings are down 14% this season, just as companies are dramatically slashing advertising budgets in the face of recession. “This is not a good time to... More »

Fallon to Launch Late Night Online

New host will post short programs on the web

(Newser) - Jimmy Fallon is launching his career as host of NBC's Late Night on the Internet, reports the New York Times. Late Night producer Lorne Michaels will produce 10-minute segments with Fallon for an online audience months before he takes over on TV from Conan O'Brien, who's set to replace Jay... More »

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