KBTX - Money - Headlines

Comcast Doubles Down on TV in $16.7B Deal for NBCU

By: The Associated Press Email
By: The Associated Press Email

LOS ANGELES (AP) - Comcast's $16.7 billion deal to buy the remaining half of NBCUniversal ahead of schedule represents a resounding vote of confidence in the future of TV, even as Internet video reshapes the entertainment landscape.

The decision was driven largely by Comcast Corp.'s belief that it would end up paying substantially more for General Electric Co.'s remaining 49 percent stake if it had waited until 2018, as had been envisioned in 2011 when Comcast acquired majority control of NBCUniversal.

The flagship NBC network, once seen as the deal's albatross, has been on the turnaround. As the advertising market has rebounded with the economy, so have the fortunes of NBCUniversal and other network owners.

That made the latest transaction, announced Tuesday, seem like a savvy one at a relatively modest price.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 191007791 - kbtx.com/a?a=191007791