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See Senator Franken take on the CEO for lying…but he uses nicer epithets.
/>http://www.youtube.com/watch?v=fRJ4YoZ-uzg&feature=popt00us06
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Lying is still considered wrong in Minnesota. Type the above link into your browser.
————————————————————————————————The Comcast Center, second from left, in Philadelphia on Thursday.
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By TIM ARANGO
Published: December 3, 2009
After nearly nine months of negotiations, Comcast, the nation’s largest cable operator, announced an agreement on Thursday to acquire NBC Universal from the General Electric Company.
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Related
Media Decoder: Comcast Readies Itself for Long Regulatory Fight
Media Decoder: For Time Being, ‘Business as Usual’ at NBC Universal (December 3, 2009)
DealBook: The NBC Universal Sale, by the Numbers
Web-TV Divide Is Back in Focus With NBC Sale (December 4, 2009)
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NBC’s headquarters will remain in New York, the companies said.
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The deal valued NBC Universal at about $30 billion.
The agreement will create a joint venture, with Comcast owning 51 percent and G.E. owning 49 percent. Comcast will contribute to the joint venture its stable of cable channels, which includes Versus, the Golf Channel and E Entertainment, worth about $7.25 billion, and will pay G.E. about $6.5 billion in cash, for a total of $13.75 billion. For now, the network will remain NBC Universal, but ultimately Comcast could decide to change the name.
Almost immediately, the transaction reshapes the nation’s entertainment industry, giving a cable provider a huge portfolio of new content, even as it raises the sector’s anxieties about the future.
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