BUSINESS
December 8, 2009 | By Matea Gold
When Comcast Corp. assumes control of NBC Universal, the company will inherit a portfolio of news organizations, including a top-shelf network news division that dominates the competition. Powered by the "Today" show in the morning and "NBC Nightly News" in the evening, NBC News is one of the few bright spots at the broadcast network. It's also one of the few aspects of the venture that will be largely new terrain for Comcast. Until now, the Philadelphia-based cable television operator's experience in news has been limited to running a handful of local television channels that produce newscasts, including the East Coast regional network CN8 until it shut down at the end of last year.
BUSINESS
December 4, 2009 | By Joe Flint
The proposed marriage of Comcast Corp., the nation's largest cable and broadband provider, with NBC Universal, a Hollywood powerhouse, presents the Obama administration with its first big chance to weigh in on the controversial issue of media consolidation. The deal, announced with fanfare Thursday at NBC Universal's Rockefeller Center headquarters in midtown Manhattan, had politicians and consumer activists calling for an intense review in light of the perceived market domination the new entity would enjoy when it comes to ownership and distribution of movies, TV shows and cable networks that get piped into the home.
BUSINESS
December 4, 2009 | By Meg James
In a momentous shift in the balance of power of the entertainment industry, cable television giant Comcast Corp. on Thursday made it official by announcing that it was buying control of NBC Universal from General Electric Co. The proposed $30-billion transaction is the culmination of the longtime ambition by Comcast's chief executive, Brian Roberts, to transform his family-controlled Philadelphia company from a passel of distribution pipes into...
BUSINESS
December 4, 2009 | By Claudia Eller
In acquiring legendary Universal Pictures, Comcast Corp. would make its Hollywood debut during a particularly turbulent time for the movie business. Not only are all studios grappling with declining DVD sales and shifting consumer habits in entertainment, but Universal is also struggling to correct course from a prolonged box-office slump, runaway production costs and turmoil in the executive suites. Comcast wouldn't be able to exert much influence over the operations of Universal until well into next year after its merger with NBC Universal is finalized.
BUSINESS
December 3, 2009 | By Meg James
Comcast Corp.'s plan to take control of entertainment giant NBC Universal -- expected to be announced this morning -- will crown Comcast Chief Executive Brian Roberts as Hollywood's newest mogul, even though Roberts lives and works in Philadelphia. But the complex task of meshing the disparate businesses into a single, efficient company will fall to Roberts' chief lieutenant, Steve Burke. Burke, Comcast's chief operating officer, will be charged with running a transformed company.
BUSINESS
October 23, 2009 | Meg James
Peter Chernin, who stepped down as president of media conglomerate News Corp. this summer, is back in the spotlight. That didn't take long. The veteran television and movie studio chief has been a key, behind-the-scenes advisor on cable TV giant Comcast Corp.'s negotiations to take control of NBC Universal. The revelation this week of Chernin's involvement has prompted speculation that the executive could emerge as a powerful player at NBC Universal if Philadelphia-based Comcast succeeds with its bid. Chernin's new role is intriguing because of his well-known desire to head his own enterprise -- one where he's firmly in charge, no longer the odd man out of a family dynasty or beholden to a headstrong mogul.