Comcast May Buy Controlling Stake Of NBC Universal
Hey, are you ready for Comcast to take more control over your entertainment? Then great news for you! Yesterday a rumor leaked that the cable giant is negotiating to buy 51% of NBC Universal, which includes the movie studio Universal, Universal theme parks, the NBC network, and shows like 30 Rock and SNL.
Under the arrangement being discussed, NBC Universal would be spun off into a standalone company, with Comcast owning 51% and GE holding 49%. There will be a window of opportunity for new ownership between mid-November and mid-December, when France's Vivendi, which presently has 20% of NBC, has an option to sell up.
"Cable TV giant Comcast in talks to buy majority stake in NBC" [Guardian]
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Comments:
@Smashville_makes his own comments at home:
Comcast CSR: How may I help you?
Me: I've been waiting six hours for 30 Rock to air, and it still hasn't.
Comcast CSR: We tried to air it at 6:03pm but you weren't home.
Me: What!? Yes I was!
Comcast CSR: We can reschedule an airing on Saturday two weeks from now between 11am and 10:30pm.
@sleze69: Other than, say, 30 Rock, I'm not sure much has been working out so well for NBC lately.
And by "lately" I mean "ever since Seinfeld and Friends ended."
@coss3n:
Not sure if you're joking...Sheinhardt Wig company is a joke pertaining to 30 Rock. In 30 Rock the Sheinhardt Wig company owns GE which owns NBC.
Any further concentration of media ownership ought to be illegal. In fact, it ought to be illegal for cable companies to to own programing suppliers, whether broadcast networks or cable channels. The cable companies raise rates claiming they are being charged more by the programming suppliers, but of course they own the programming suppliers, too. Where is anti-trust enforcement and the FCC when we need them?
@reservoir_dog: Seriously though, it's hard to imagine them screwing everything up right away, but I cannot fathom this being a good thing for NBC. I doubt our favorite shows would be very affected, since nobody would want to mess with the best hour of comedy on TV, but my experiences with Comcast make me think this would be very bad.
"A deal will play to investors' worst fears about Comcast's capital allocation." Yep. Might not really be a good call for anyone.
@Chris Walters: You forgot the surcharge for a missed airing, and the surcharge for rescheduling an airing.
@Chris Walters: Two weeks later:
Comcast CSR: How may I help you?
Me: I was supposed to have a 30 Rock airing today, but I was given a Joey rerun instead.
Comcast CSR: Let me pull up your account here...okay, according to our records, 30 Rock is not compatible with your area. Therefore, you were given the equivalent service.
Me: The equivalent of 30 Rock in my area is Joey reruns?
Comcast CSR: For an extra $5.99 a month, I can upgrade you to Inside Schwartz reruns.
@Woodside Park Bob: You can thank Clintonian neoliberalism. Deregulation in 1996 made potential moves like this one possible.
Providers of content and owners of the communication lines really should not be part of the same company, but there's very little that's illegal anymore.
@HRHKingFridayXX:
where are you that the internet only costs $25 a month, comcast charges me $63 a month for just internet because i don't have cable, i can get basic and the total cost would be $55 a month, but that's bull. i had the drop it to 33 for the next six months. but cable internet should be no more than 30 or 40 a month.
"The cable companies raise rates claiming they are being charged more by the programming suppliers, but of course they own the programming suppliers, too."
Actually, they don't. Very few cable channels are owned by distributors. The only ones of any significance are Versus and E! (owned by Comcast) and AMC (owned by Cablevision). All the rest are owned by companies that don't own cable or satellite operations. Big change from a few years ago, when News Corp (which owns Fox, Fox News, FX, etc etc) controlled DirecTV, and Time Warner (HBO, TNT, etc etc) owned Time Warner Cable.
@logicalnoise: Yeah. I'm sure if this happens, all shows associated with the company will be removed from Hulu and anything like it.
Isn't Comedy Central owned by NBC? That would mean no more free Daily Show or South Park online either.
@sleze69: Actually even if Leno at 10pm doesn't work well it did cut their expenses significantly. Even if Leno is last in the time slot the cost of the show is so much lower than the 5 hours of drama/comedies that it took the place of.
@coss3n: Oh, no. No. You see, GE owns Kitchen-All of Colorado, which, in turn, owns JMI of Stamford, Connecticut, which is a majority shareholder of PokerFastLane.com, which [in 2006] acquired the Sheinhardt Wig Company, which owns NBC, outright. NBC owns Winnipeg Iron Works, which owns the Ahp Chanagi Party Meats Corporation of Pyongyang, North Korea.
It's all explained in the landmark docu-drama, The Rural Juror [en.wikipedia.org]
@Papercutninja: Ahh, TechTv... also know as Kevin Rose's awkward phase and when Martin Sargent wasn't being mistaken for Geof from Ace of Cakes.
@Veeber: And that's the sole reason why it will take NBC a long time to yank Leno's new show off the air. They'll have to replace it with five new shows.
Actually, the ratings have been acceptable and the local stations are, on average, pleased with it so far. The viewership drop off from the first few nights was not unexpected. But I'm not convinced it's anything more special than the old show at 11:35. If anything, Conan's ratings will suffer because of this.
@Woodside Park Bob: Agreed. The same few companies own and control all of our media and entertainment, giving a few billionaires power over the messages we receive every day. It's not democratic, it's insidious and something needs to be done to stop it.




























I guess the whole "Leno at 10pm" thing didn't work out so well for NBC, huh?