Search results
Results from the WOW.Com Content Network
NBCUniversal was formed on May 11, 2004, beginning on November 8, 2004 as NBC Universal, Inc., with the merger of General Electric (GE)'s NBC with Vivendi Universal Entertainment, after GE had acquired 80% of the subsidiary, giving Vivendi a 20% share of the new company.
The first and oldest major broadcast network in the United States, NBC was formed in 1926 by the Radio Corporation of America (RCA), then owned by General Electric (GE), Westinghouse, AT&T Corporation and United Fruit Company. In 1932, the US Government forced GE to sell RCA and NBC due to antitrust violations. In late 1986, GE regained control ...
On December 3, 2009, telecommunications company Comcast announced its intent to acquire mass media company NBC Universal from General Electric (GE). The acquisition was subject to scrutiny from activists and government officials; their concerns primarily surrounded the potential effects of the vertical integration that the acquisition could create, as Comcast is also heavily involved in cable ...
The division's ownership was split among RCA (a majority partner at 50%), its founding corporate parent General Electric (which owned 30%) and Westinghouse (which owned the remaining 20%). NBC officially started broadcasting on November 15, 1926.
NBC and Telemundo discontinued their Qubo blocks in 2012 after Comcast acquired NBCUniversal. Following the acquisition of Ion Media by the E. W. Scripps Company on January 7, 2021, the Qubo Channel ceased operations on February 28, 2021.
However, CNBC itself reported on October 1 that General Electric was considering spinning NBC Universal off into a separate company that would merge the NBC television network and its cable properties such as USA Network, Syfy and MSNBC, as well as Universal Pictures, with Comcast's content assets. GE would maintain 49% control of the new ...
This page was last edited on 9 December 2024, at 21:23 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
In the aftermath, WTVJ became an NBC owned-and-operated television station, CBS took over ownership of WCIX (now WFOR-TV), [21] and WSVN took over the Fox affiliation from WCIX. Also in 1987, General Electric transferred both KCNC-TV and WTVJ from General Electric Property Management to NBC itself, becoming an owned-and-operated TV station. [22]