Every Thursday morning at 8:30 a.m. EST, find all the stories you need to know about your friendly telecommunications giant in the Comcast Roundup. Get an email subscription for our weekly Comcast roundup or other news updates.
- Comcast buys GE’s stake in NBCUniversal for $16.7 billion [Philadelphia Inquirer] “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’s revenue from different sources [Associated Press] “Comcast Corp. had $15.9 billion in revenue in the October-to-December quarter. Here’s how this breaks down among different sources, such as cable TV and the broadcast network.”
- How Comcast Scared Up All That GE Cash [AdWeek] “Under a $30 billion purchase agreement first announced in 2009 and completed in January 2011, Comcast had been granted the option to buy the remaining GE shares within a seven-year time frame. So how exactly did the cable operator manage to pull together that much dough that quickly?”
- Comcast’s NBC Purchase Pushes Roberts Into Entertainment [Bloomberg]
- ESPN Accused in Dish Case of Giving Comcast Better Terms [Bloomberg]
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