“NBC Universal executives declined to deny a report Wednesday night that Comcast, the cable giant, is in talks to buy the television and movie company from General Electric.”
I am quoting the article as read on Crooks and Liars. Can you imagine if this turns out to be real? The Ultimate Media Marriage may not be the romance with consumers as some may want to expect.
A 56 Billion dollar buy out from General Electric isn’t too shabby!
Considering this news along with all the help they been getting from loose cable regulatory legislation and sweet franchise deals. I guess no wonder the cable industry is swinging these days.
It’s not that they shouldn’t be profiting, it is what the people are not getting in return for rights of way, that more than often gets pushed aside.