NBC Closes Merger With Universal

[cycleberg]

http://ap.tbo.com/ap/breaking/MGACYCRH5UD.html

NBC closed its deal to merge with the Universal entertainment businesses Wednesday, creating a new media conglomerate that will take its place alongside giants such as Time Warner Inc. and Viacom Inc.

The new company, to be known as NBC Universal, will be led mainly by NBC executives including Bob Wright, the NBC chairman who will become its chairman and CEO. Wright will also continue as vice chairman of General Electric Co., NBC's parent company. ...

...GE will own 80 percent of NBC Universal, while the French media and telecommunications conglomerate Vivendi Universal will own the remaining 20 percent. Vivendi is also getting $3.4 billion in cash in the deal, and GE is assuming $1.7 billion in debt from Vivendi.

The company would have had about $13 billion in revenues had it been combined last year, well behind Time Warner, which had $40 billion in revenues last year. However, as a unit of the massive GE, NBC Universal will have an extremely powerful corporate parent. ...


otherwise, I have no energy to add comment in light of the horrible current events.

[dArKeR]

1. Does anyone have the Media Chart showing the 7 Lying Whores?

It used to be on Alterman's book site but I can't find it now. Thanks



NBC closes merger with Universal
http://msnbc.msn.com/id/4960838/

[cycleberg]

2. couple of links to charts but not 'it'

this isn't it, but has several links to charts/graphs:

http://www.takebackthemedia.com/owners.html

this isn't it either and old:
http://www.pbs.org/wgbh/pages/frontline/shows/cool/giants/index.html



The hard part is finding info that is kept up to date.
anyways gotta get back to work.