Comcast in talks to acquire NBC Universal!
Market sources say that Comcast is in talks with GE to acquire their NBC Universal unit.
NBC Universal is made up of several properties including: NBC broadcast network, Universal movie studio, and a couple of television channels.
Comcast has denied these market reports. Sources however claim that the [...]
NBC Universal to cut costs to stay competitive
NBC Universal has revealed that they are planning to cut costs to stay competitive in these tough times.
The media giant is planning to cut spendings by $500 million next year. This comes to around 3% of their annual spendings.
NBC Universal CEO Jeff Zucker wrote in a memo sent [...]
NBC Universal acquiring The Weather Channel from Landmark Communications
NBC Universal has announced that they are collaborating with Bain Capital and Blackstone Group to acquire The Weather Channel from Landmark Communications.
They have not disclosed the financial aspects of the deal though sources hint towards a value of somewhere around $3.5 billion in cash.
The deal includes the [...]
NBC Universal investing in NDTV Networks
American media giant NBC Universal has announced their decision to invest in the Indian media company NDTV Networks.
NBC would be investing around $150 million to pick up 26 per cent stake in NDTV Networks.
Jeff Zucker, President and CEO, NBC Universal said in a statement on this deal: “India is one [...]
NBC Universal to advertise through TiVo
NBC Universal has announced that they are now collaborating with TiVo. The media giant would now use ratings data and other advertising products from TiVo Inc.
This would give them the data on how often customers skip advertising on their television screens.
Mike Pilot, president, NBC Universal Sales and Marketing spoke on [...]
NBC Universal to acquire Oxygen Media
NBC Universal has announced their decision to acquire Oxygen Media. Oxygen Media is a media company aimed at woman audience.
NBC would be paying $925 million including debt for this latest acquisition. Market analysts believe that they got a bargain deal in this transaction.
SNL Kagan media analyst Derek Baine spoke [...]
