Comcast and General Electric are struggling to iron out a few critical issues that are holding up a joint venture deal for NBC Universal, people familiar with the matter said.
The likely corporate marriage of Comcast and NBC Universal is not likely to do any better than the merger of AOL and Time Warner, says the New York Times.
Peter A. Chernin, the former president of the News Corporation and one of the most prominent media executives not tethered to a major conglomerate, is advising Comcast in its bid to acquire a majority stake in NBC Universal, according to executives briefed on the matter.
Wednesday, 24 Jun 2009 | Source: The New York Times
Like newspaper owners, media moguls are looking for new ways to protect their investment from the ravages of the Internet. And, as with the newspaper industry, the answer remains elusive. What is at stake is perhaps the last remaining pillar of the old media business that has not been severely affected by the Internet: cable television. Aware of how print, music and broadcast television have suffered severe business erosion, the chief executives of the major