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NBC Universal is showing signs of rising from the ratings cellar, but that has not stopped the cutbacks and layoffs by parent company, Comcast. (Disclosure: I am a former NBC employee). The Internet is buzzing with the latest reports of 500 employees getting the axe throughout the entertainment, news, and cable units. The first story I saw about this was over on Deadline.com yesterday. Comcast, the country’s largest cable TV company, took over NBC Universal in January 2011.... Read More →
Comcast completes deal for NBC Universal The largest cable company in the country is now the proud owner of an entertainment giant, NBC Universal. Comcast announced today that its deal to buy 51 per cent of NBC Universal is done. General Electric hangs onto the other 49 percent. Comcast began celebrating before the deal officially closed yesterday. Last Thursday, Comcast sent out a memo and gifts to NBC Universal employees. First, the name change to NBCUniversal. Then the gifts, 25 shares of Comcast and free passes to Universal... Read More →
Opening in theaters today A new romantic comedy is challenging “The Green Hornet” at the Box Office this weekend. “No Strings Attached” hits movie theaters today and it stars Natalie Portman and Ashton Kutcher. The script revolves around a couple of friends who make a deal to have a “no strings attached” fling without the complication of falling in love. Yeah, right. NBC Universal honcho Jeff Zucker’s final memo to staffers Now that the Comcast NBC Universal merger is nearly complete, NBC Universal CEO Jeff Zucker has to move on.... Read More →
Comcast NBC Universal merger almost a done deal It took more than a year, but the Federal Communications Commission and the Department of Justice today gave the thumbs up to that huge Comcast NBC Universal merger today. The mega deal is said to be worth $30 billion. It is expected to be finalized by the end of the month. The Wrap has more on this development here. “The Green Hornet” wins Box Office crown The superhero action comedy, “The Green Hornet,” is the new king of... Read More →
Details coming out today about the management structure of the new NBC Universal. The NBC Universal Comcast marriage has not received the approval of the Feds yet, but certain business operations are moving ahead as if it’s a done deal. The new CEO of NBCU, Steve Burke, made the announcement in an internal memo today and it’s posted over on Nikki Finke’s Deadline.com. Former NBCU Chief, Jeff Zucker, is still on the job, yet clearly, Comcast COO Burke is running the show now. Back in September, Zucker... Read More →
