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The Comcast Center, which is Comcast Corporate headquarters, is seen December 3, 2009 in Philadelphia, Pennsylvania. Comcast Corp. announced December 3, that it will acquire a majority stake in NBC Universal Inc., paying GE 6.5 billion dollars.
Sold! The country’s largest cable company is getting into the network biz. Comcast announced this morning it’s buying a controlling portion of NBC, giving the cable operator power over one-fifth of all U.S. viewing hours. The 30-billion-dollar deal includes control of Universal Pictures Studios in Hollywood and the Universal Studios theme park in Universal City. Is Comcast overreaching? What impact will this have on network, cable and web programming?
Jon Friedman, Media columnist for MarketWatch
Andrew Edgecliffe-Johnson, Media Editor for the Financial Times