Posted On: 02/26/2013 10:42:09 AM
Post# of 147
Stocks Rise as General Electric (NYSE: GE) and Comcast (NASDAQ: CMCSA) Reach a Decision on NBC Universal
The 27 year old ownership of NBC Universal by General Electric (NYSE: GE) has come to an end, as Comcast (NASDAQ: CMCSA), the largest cable TV operator in the U.S., is set to acquire a 49 percent stake in overall holdings a year earlier than expected. NBC Universal is the banner under which some of the most popular cable networks in America operate. The network’s subsidiary channels constitute one of the highest grossing sectors in the entertainment industry market; with an $8.77 billion total revenue recorded last year........
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