June 10, 2013 |
The global director of food service operations and events at NBCUniversal, Jason Giagrande, was asked several years ago to do something - anything! - with the commissary in iconic Rockefeller Center, which had been the butt of late-night TV jokes by Johnny Carson in the 1960s and a windowless, graceless dining experience for generations of NBC employees. But no matter what Giagrande did, NBC staffers still grabbed their meals and hurried to their desks to eat, as if scurrying from a darkened New York alley.
March 20, 2013 |
It's final. Comcast Corp. closed Tuesday on its $16.7-billion purchase of the 49 percent of NBCUniversal it didn't already own. The cable giant announced the deal in February and it did not need federal government approvals, which had been obtained when Comcast purchased the first 51 percent of NBCUniversal in early 2011. "We are excited the transaction has closed and look forward to taking full advantage of the opportunities for growth and innovation at our combined company," Comcast said.
February 15, 2013 |
Comcast Corp. could have run NBCUniversal in a joint venture with General Electric until 2018. But acting now to buy the remaining 49 percent of the news and entertainment conglomerate, investment analysts say, means that Comcast does not risk having to pay more for it later. Because Comcast has directly operated the company for two years, the deal signals confidence that the cable giant can restore rundown NBCUniversal to health, the analysts say. On Wednesday, Jessica Reif Cohen of Bank of America Merrill Lynch and Matthew Harrigan of Wunderlich Securities called the deal a "steal.
February 14, 2013 |
Comcast Corp., flush with billions of dollars from sales of assets and bonds, rapidly accelerated its acquisition of NBCUniversal on Tuesday, saying it would pay $16.7 billion for the 49 percent of the entertainment, news and film conglomerate that it doesn't already own. The Philadelphia cable giant expects the deal to close within the next six weeks. The seller is General Electric Co., which sold Comcast 51 percent of NBCUniversal in 2011. Comcast and GE were expected to operate NBCUniversal as a joint venture until at least mid-2014, and Comcast could have continued the joint venture through 2018.
February 5, 2013
NBCUniversal head Steve Burke announced on Monday that the entertainment company hired the former CEO of Univision, Joe Uva, to head its Hispanic franchise, including Telemundo. Also, Bonnie Hammer has been promoted to head all cable channels and Lauren Zalaznick will direct innovation, monetization and emerging technology at NBCUniversal. All three will report to Burke. "More than ever, we need to simplify our organization and take advantage of the breadth of our assets," Burke said in an memo.
September 28, 2012 |
With celebrities tweeting and viewers sharing Facebook "likes" for TV shows, Comcast Corp. and NBCUniversal will announce today that they will invest in the British social-TV start-up zeebox and help launch its app in the United States. It's a huge boost for zeebox, as it enters the U.S. market on the nation's largest cable system. Zeebox aggregates TV show information, Twitter feeds, and other data for smartphones, tablets, and laptops. Using the zeebox app, TV viewers can toggle their attention between a live show and its real-time social-media buzz on a "second screen.
August 17, 2012 |
For NBCUniversal, the Olympic Games brought the thrill of breaking even - and the shutting up of the naysayers. As the dust of the track settles, and the stats and data shake out, NBC's coverage of the world's biggest sporting event, on network TV, cable, and the Web, looks good enough to earn a medal. Despite programming glitches, confusion over venues and schedules, and #nbcfail (see below), London 2012 is a win for Comcast Corp., the Philadelphia-based majority owner of NBCUniversal.
July 11, 2012 |
Comcast Corp. disclosed in a regulatory filing on Tuesday that it reached an agreement to sell a 15.8 stake in A&E Television Networks L.L.C., the creator of cable-TV hits Pawn Stars, American Pickers and Storage Wars, for $3.025 million in cash. The Inquirer reported on the deal's final negotiations Tuesday. The buyers were Comcast's partners in A&E, the Walt Disney Co. and Hearst Co. The two companies now control A&E in a 50-50 venture. Comcast and A&E declined to comment.
July 11, 2012 |
Comcast Corp. said Tuesday that it sold its 15.8 percent stake in A&E Television Networks L.L.C. for $3.025 billion in cash. The purchaser was A&E and enables Walt Disney Co. and Hearst Corp. to share 50-50 ownership in the TV programmer, whose hit shows include Pawn Stars, Storage Wars and American Pickers . Comcast acquired its stake in A&E through NBCUniversal, which it controls in a joint venture with General Electric. The $3 billion will remain with NBCUniversal, which can use it for business purposes.