Comcast NBC-Universal deal closes

Posted Monday, January 31, 2011 12:51 PM | Contributed by Jeff

Comcast Corp has completed its takeover of NBC Universal, creating a $30 billion media behemoth that controls not just how television shows and movies are made but how they are delivered to people's homes. Comcast's acquisition of NBC Universal triggered a change of ownership clause on Universal's Orlando, Fla.- amusement park that would allow Blackstone to sell its stake, potentially to Comcast.

Read more from Reuters as well as The New York Post.

Monday, January 31, 2011 12:53 PM

I can't think of any deal in history that makes me as uncomfortable as this. Hopefully they won't mess with Nightly News.

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Monday, January 31, 2011 1:22 PM

I'm with you, Jeff, on a whole bunch of levels.

Keeping it on-topic, I'm kind of hoping Blackstone retains its stake in Universal Orlando. I don't know if it really makes a difference, but I like to think it helps that one of the stakeholders in the park is in it to be in the park business, not because it is a sideline to the media business.

Universal Studios Hollywood is a production studio that happens to have a factory tour and a bunch of customer amenities that look like an amusement park. Universal Orlando is an amusement installation that is owned and operated by a media company. There's a pretty serious difference in focus there, and I like to think that Blackstone might help maintain that focus better than Comcast would by itself.

I dunno, maybe it doesn't make any difference. But that's my gut feel. Along with my other gut feel that says this merger has "AOL/Time-Warner" written all over it.

--Dave Althoff, Jr.

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Monday, January 31, 2011 1:30 PM

In related news, I'm sure some people saw the GE neon change over to 'Kabletown' at 30 Rockefeller Plaza last week.

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Monday, January 31, 2011 5:12 PM

30 Rock is still the RCA Building...

--Dave Althoff, Jr.

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Tuesday, February 1, 2011 3:14 AM

Count me as a "me too." Every aspect of this deal has some very negative potential consequences. Even more so now that the FCC mostly let net-neutrality die.

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Tuesday, February 1, 2011 9:56 AM

Agreed. It has the potential to be a disaster.

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Tuesday, February 1, 2011 10:23 AM

If you think this is bad, just wait until the Internet "Kill Switch" comes into play.

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Tuesday, February 1, 2011 10:56 AM

...Or just look at Egypt.

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Wednesday, February 2, 2011 3:45 AM

I'm torn on the kill switch thing. It has potential to be a very important tool, but also has potential to be easily misused.

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Wednesday, February 2, 2011 11:51 AM

Torn? It's not an important tool for a democratic society ever. That's not even a debate.

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Wednesday, February 2, 2011 1:23 PM

Yeah I don't see any upside to it in any way unless you're a government trying to keep people in the dark.

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Wednesday, February 2, 2011 2:23 PM

If it keeps SkyNet from taking over then I see the upside to it.

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Wednesday, February 2, 2011 3:12 PM

It didn't work in T3, it's not going to work now that we have the Governator.

When SkyNet becomes self aware, it's already too late...

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Wednesday, February 2, 2011 5:46 PM

When that day comes I'll relax, knowing that Yoshime will defeat those evil machines for me. She's a black belt in karate, you know.

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Wednesday, February 2, 2011 6:18 PM

I'm with Jeff, and almost everyone else in the US. A Government-controled kill switch for internet communications in our country is just plain evil. Any Government official who tries to encourage the people of this country otherwise should be tried for treason. Nothing good could ever come from killing communications in our country.

If there is a "they", than the internet is a big barrier for them to take over the world, and they will stop at nothing to destroy, or simply control, it. ;)

Last edited by LostKause, Friday, February 4, 2011 3:55 AM
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Wednesday, February 2, 2011 7:56 PM

My thoughts...

Nightly Network News is about a decade behind the Newspaper Industry in terms of viability. No matter who owns the source, the delivery method is horse and buggy.

I don't know enough about Net Neutraility to comment.

I worry about Universal...as they seem to being doing just fine as is.

The socialist and the comedian are the two most worried politicians about this merger. I'm guessing this must be generally a "good" thing! :)

I'd be worried if I anchored a show on MSNBC. I can't imagine that "loss-leader" is a concept Comcast accepts as sound business strategy.

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Wednesday, February 2, 2011 10:11 PM

Wow, you're exceptionally good at underhandedly calling people names and kicking others in the nuts.

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Thursday, February 3, 2011 8:03 AM

Aamilj said:
...the comedian...

That "comedian" is one of the few politicians actually fighting the good fight, for the right reasons. That you seem to disagree with (and belittle) him seemingly based only on his party affiliation speaks volumes about you.

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Thursday, February 3, 2011 9:21 AM

I just don't think that a content provider should be in control of one of the big four networks. And anyone that isn't educated enough about Net neutrality should really read up on it. I wasn't, but then I read about it and realized what it was all about. It would affect all of us.

The only good I have seen thusfar coming out of this merger is NBC's getting rid of Jeff Zucker, a dinosaur that should have been sacked way before he screwed with late nite television.

Otherwise, I just don't see this as being a good thing.

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Closed topic.

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