To John LaRue, the renaissance in U.S. manufacturing is no dream. It's already here.
Analysts believe General Electric Co. gave Comcast Corp. a great deal on the half of NBCUniversal that the cable company doesn't already own.
Comcast Corp.'s deal to buy the rest of NBCUniversal would end General Electric Co.'s long ties with the broadcast network. Comcast now owns 51 percent, and GE the remaining 49 percent. Comcast expects to get full ownership by the end of March.
Comcast Corp. announced Tuesday that it plans to buy the rest of NBCUniversal from General Electric Co. years ahead of schedule. Comcast now owns 51 percent, and GE the remaining 49 percent. Comcast expects to get full ownership by the end of March.
Comcast's $16.7 billion deal to buy the remaining half of NBCUniversal ahead of schedule represents a resounding vote of confidence in the future of TV, even as the growth of Internet video reshapes the entertainment landscape.
Comcast is holding a conference call Wednesday morning to discuss its fourth-quarter earnings and elaborate on a $16.7 billion deal that will give the cable-TV giant full ownership of NBCUniversal. The call with analysts is scheduled to begin at 8:30 a.m. ET.
Comcast Corp. had $15.9 billion in revenue in the October-to-December quarter. Here's how this breaks down among different sources, such as cable TV and the broadcast network.
NBC got its start in 1926 as the nation's first radio network. Its parent company, the Radio Corporation of America, figured people would buy radios if they had interesting things to listen to.
Is General Electric letting Comcast gobble up the NBCUniversal media empire at a bargain price? Wall Street thinks so.
