Comcast-NBC’s mega deal in the works

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Nov. 9, 2009

Cable giant Comcast is one step closer to acquiring General Electric Co.’s NBC Universal. After weeks of negotiation, the two media giants have agreed to set the value of NBC Universal at thirty million dollars paving the way for the creation of one of the nation’s largest media behemoths. In the past the FCC prohibited a cable operator from owning a TV station in the same city but those rules are gone today. Should there be some concern associated with allowing Comcast to own so much programming (NBC, E!, USA, BRAVO, CNBC, MSNBC, etc)?

Also on this episode

Guests:

Harold Vogel, head of Vogel Capital Management in New York and adjunct professor at Columbia University.

Timothy Karr, campaign director, Free Press

michael from Orange
3 months ago

The only ones who win in deals like three are yet again the financial companies who set up and finance these mergers (dare I say major banks or other such financial institutions ) and acquisitions and their lawyers and maybe some of the senior executives in such a merged company. The consumer will lose out as ultimately the shareholders. Look at such major media merger failures as TimeWarner and AOL.

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