Philadelphia-based Comcast's deal to acquire NBC Universal will have a significant impact on the future of broadcast television, reports The New York Times.
At every turn, Comcast has emphasized to its own shareholders that the deal's purpose is to gain control over NBC Universal's fast-growing cable channels. The writer and humorist John Dillon observed Thursday that in the 2,742-word news release about the deal, the broadcast network was not mentioned until word 2,170. There is even talk of changing NBC Universal's name to play down the broadcast association.
The deal is structured to give Comcast a controlling 51 percent interest, with its partner, General Electric, initially retaining 49 percent.
Original source: The New York Times
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