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On December 3, 2009, Comcast and NBC Universal confirmed a $6.5 billion deal to merge the two companies, pending approval from the United States Department of Justice Antitrust Division; the deal would be structured as sale of Vivendi's stake in the company to GE for $5.8 billion, followed by Comcast acquiring 51% controlling stake of NBC ...
On December 3, 2009, after months of rumors, a deal was formally announced in which Comcast would buy a stake in NBC Universal from GE for $6.5 billion after the spin-off of certain businesses, pending regulatory approval. Under the agreement, NBC Universal would be controlled with a 51% stake by Comcast and GE would retain the remaining 49%.
The sale and resulting merger formed NBC Universal. The new company was 80% owned by GE, and 20% owned by Vivendi. The television divisions of NBC and Universal Television were combined to form NBC Universal Television. In 2006, NBC Universal sold four of its smaller-market owned-and-operated stations (WVTM, WNCN, WCMH, and WJAR) to Media General.
Comcast's (CMCSA) takeover of NBC Universal was approved, as expected, by the Federal Communications Commission and U.S. Department of Justice on Tuesday, creating a media and entertainment ...
Xfinity. Adelphia Communications Corporation: assets acquired by Time Warner Cable and Comcast in 2006. Comcast Entertainment Television (CET) Comcast Television 2 (Michigan) Commuter Cable. ExerciseTV (with Time Warner Cable, New Balance, and Jake Steinfeld) Group W Cable.
The plan by Comcast (CMCSA) to take a majority interest in NBC Universal (GE) could cost consumers $2.4 billion over the next nine years -- at least that is what the American Cable Association says.
The sale was completed on November 20, 2007. NBC Universal's cable division announced at an industry upfront presentation on April 23, 2008, that the channel would rebrand and unveil a new logo on June 17, 2008; in the months since the sale the Oh! heading was dropped from the channel's visual branding. The logo premiered one week early on June ...
On Monday, September 12, 2011, Universal Media Studios was renamed to Universal Television. NBC Entertainment named Paul Telegdy as president of both its alternative and reality TV group and NBC Entertainment, along the formation of Universal Television Alternative Studios by president Meredith Ahr in June 2016.
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