or


[01/29/11 - 08:01 AM]
Comcast and GE Complete Transaction to Form NBCUniversal, LLC
The new company is 51 percent owned by Comcast, 49 percent owned by GE, and managed by Comcast.

[via press release from Comcast]

Comcast and GE Complete Transaction to Form NBCUniversal, LLC

PHILADELPHIA, PA AND FAIRFIELD, CT - January 29, 2011

Comcast Corporation (Nasdaq: CMCSA, CMCSK) and General Electric (NYSE: GE) yesterday closed their transaction to create a joint venture, NBCUniversal, LLC. Under the terms of the transaction, GE contributed to the joint venture NBC Universal, Inc.'s businesses, including its cable networks, filmed entertainment, televised entertainment, theme parks, and unconsolidated investments. Comcast contributed its cable networks, including E!, Versus and the Golf Channel, its regional sports networks, certain digital media properties, and made a payment to GE. The new company is 51 percent owned by Comcast, 49 percent owned by GE, and managed by Comcast. It maintains its headquarters in New York City.

Comcast Chairman and Chief Executive Officer Brian L. Roberts said, "This transaction brings together the rich traditions of some of the world's most well known and respected entertainment, news and sports brands at NBCUniversal with the technology and consumer reach of Comcast, creating the ideal entertainment and distribution company. We are very appreciative of all of the hard work that Jeff Immelt and his team at GE put into this transaction over the past year and are thrilled to have the highly talented team at NBCUniversal be a part of the Comcast family."

GE Chairman and CEO Jeff Immelt said, "NBCU has been a great business for GE over the past 20 years, generating an average annual return of 11 percent. Reducing our ownership stake to 49 percent allows GE to continue sharing in NBCU's growth while also providing significant cash to invest in our high-technology infrastructure businesses. I want to express GE's and my special thanks to the talented and dedicated employees of NBCU who have built a world-renowned business and are its heart and soul. We are excited by the growth opportunities ahead for NBCUniversal under Brian Roberts, Steve Burke and the Comcast team's leadership."

Morgan Stanley served as lead financial advisor to Comcast with UBS and BofA Merrill Lynch acting as co-advisors. Davis Polk & Wardwell LLP and Willkie Farr & Gallagher LLP served as Comcast's legal advisors. J.P. Morgan was lead financial advisor to GE with Goldman Sachs and Citi acting as co-advisors. Weil, Gotshal & Manges LLP was GE's and NBCUniversal's legal advisor.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA, CMCSK) (www.comcast.com) is one of the nation's leading providers of entertainment, information and communications products and services. Comcast is principally involved in the operation of cable systems through Comcast Cable and in the development, production and distribution of entertainment, news, sports and other content for global audiences through NBCUniversal. Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential and business customers. Comcast is the majority owner and manager of NBCUniversal, which owns and operates entertainment and news cable networks, the NBC and Telemundo broadcast networks, local television station groups, television production operations, a major motion picture company and theme parks.

About GE

GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's website at www.ge.com.





  [january 2011]  
S
M
T
W
T
F
S
      


· SHOWATCH
(series past and present)
· DEVWATCH
(series in development)
· MOVIEWATCH
(tv movies and mini-series)





[04/23/17 - 08:52 AM]
Saturday's Broadcast Ratings: NHL Playoffs Spark Demo Victory for NBC
The Peacock's primetime coverage leads the night among adults 18-49.

[04/22/17 - 08:34 AM]
Friday's Broadcast Ratings: NBC Slips Into Top Spot Among Adults 18-49
With CBS in repeats, the Peacock takes home the demo crown.

[04/21/17 - 01:37 PM]
TV One Announces Production of New Original Documentary Series, "Evidence of Innocence"
Hosted by Benjamin Crump, the series will profile the unbelievable true stories of individuals who were convicted of crimes they didn't commit, the journey each endured to have their cases overturned and the challenge to rebuild their lives.

[04/21/17 - 01:25 PM]
DIY Network Produces Pilot Starring Grammy Award-Winning Rap Artist Sir Mix-A-Lot
The special one-hour episode will feature Anthony - a Grammy(R) award winning rap artist and expert house-flipper - as he finds, renovates and flips houses in his hometown of Seattle.

[04/21/17 - 12:20 PM]
"Josh Gates' Destination Truth" Brings More Epic Adventures to Travel Channel
In the 43 one-hour episodes, explorer Josh Gates experiences hilarious and harrowing adventures in search of the truth behind the world's most unusual mysteries.

[04/21/17 - 11:46 AM]
Melissa Benoist and Julia Garner Join the Cast of "Waco"
Produced by Weinstein Television, the series is currently in production in Santa Fe, NM.

[04/21/17 - 11:42 AM]
Investigation Discovery to Encore "Killing Richard Glossip" in Wake of Arkansas Execution Last Night
As previously announced, and ahead of the premiere earlier this week, ID greenlit a fifth episode to capture new developments that come to light in the case.

[04/21/17 - 10:21 AM]
Hallmark Movies & Mysteries Original Premiere Date Changes
Look for "A Bundle of Trouble: An Aurora Teagarden Mystery" now on Sunday, May 21 while "Site Unseen: An Emma Fielding Mystery" is moving to Sunday, June 4.

[04/21/17 - 10:12 AM]
TV One Presents Stories of Perseverance, Love and Triumph with 2017-2018 Slate of Original Movies
"We are so excited to produce and present such a wide range of original films that expand the narrative of our community," said D'Angela Proctor.

[04/21/17 - 10:11 AM]
TV One Represents with Expanded Morning News, Current Affairs and Lifestyle Line-Up, Plus Increased Commitment to Family Reality and True Crime & Justice Shows During 2017 Upfront Presentation
"Our goal is to provide our discerning audience of information-conscious influencers with more of what they are looking for in original films, family reality, true crime and justice content," said Brad Siegel.

[04/21/17 - 10:01 AM]
Multiplatinum Superstar G-Eazy to Perform on Tuesday, April 25 Live Telecast of NBC's "The Voice"
G-Eazy will perform his new song "Good Life," which bears the honor of being the end title and closing track in Universal Pictures' most recent box office smash, "The Fate of the Furious."

[04/21/17 - 09:15 AM]
Freeform Picks Up a Third Season of the Hit Saga Series "Shadowhunters"
"Shadowhunters" returns for the second half of season two on Monday, June 5, with Shadowhunters and Downworlders reeling from what happened at the New York Institute in the winter finale.

[04/21/17 - 08:31 AM]
Thursday's Broadcast Ratings: CBS Wins Tight Demo Race
The Eye edges ABC, FOX and NBC by one-tenth of a ratings point among adults 18-49.

[04/20/17 - 05:16 PM]
NFL Network to Televise 18 NFL Games in 2017
Presented by Bud Light, the slate of 13 regular season games kicks off when the Houston Texans visit the Cincinnati Bengals on Thursday, September 14 exclusively on NFL Network.

[04/20/17 - 05:13 PM]
From Kickoff to Super Bowl LII, NBC Bookends the 2017 NFL Season & Is Home to a Record 28 Regular Season and Postseason Games
NBC's schedule opens with a blockbuster Kickoff Weekend featuring four 2016 playoff teams.