Mega-Media Merger: Comcast in talks with NBC

Mega-Media Merger: Comcast in talks with NBC

File photo

Tools

Story Published: Nov 9, 2009 at 11:56 AM PST

Story Updated: Nov 9, 2009 at 1:39 PM PST

By KATU News and News Sources

Video

UNDATED - A deal is in the works to create a massive media company, combining Comcast Cable with NBC Universal's television and movie operations.
 
Published reports say the companies have agreed to value the business at about $30 billion.

Comcast's bid to buy a controlling stake of NBC Universal would merge General Electric's television networks and movie studio with Comcast's cable networks.

The two sides, Comcast and GE, have agreed to value NBC Universal at around $30 billion. Both companies are now ironing out a sale agreement. An announcement could come as early as the end of the week.

Meanwhile, critics have railed the potential merger as one ripe for anti-trust violations. Comcast Corp. has 23.8 million cable customers, 15.7 million high-speed Internet customers and 7.4 million Comcast Digital Voice customers.

Weather & Traffic

Icon
Current Temp 39.0 °F
Light Rain Fog/Mist
Video
More Weather
New:

Upload directly from your mobile device.

Learn how

Stay Connected

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Viewer Poll

Should emergency-locator units, otherwise known as homing beacons, be required for mountain climbers?
Read more about it here

  • Yes
  • No
  • I'm not sure