NBC/UNIVERSAL new conglomerate now

[mopaul]

just announced that they have merged

[Cleita]

1. Thought NBC was owned by GE?

Don't know who owns Universal. Did they merge, or did GE slough off NBC and Universal picked it up? I don't keep up with the stock market anymore.

[truthseeker1]

2. Vivendi

I believe Vivendi "sloughed off" Universal and it merged with GE/NBC.

on edit: "GE will own 80 percent of NBC Universal and Vivendi Universal the remaining 20 percent.

Vivendi Universal will have the right from 2006 to sell its stake over time at fair market value, the statement said.

The new company's assets range from television networks such as NBC, Telemundo, USA Network and CNBC to film studios Universal Pictures and interests in five theme parks including Universal Studios Hollywood and Universal Orlando."

http://www.nytimes.com/reuters/business/business-media-vivendi-nbc.html?ex=1085025600&en=1b1afc7d5f660f22&ei=5062&partner=GOOGLE

[Don_G]

3. Just 'Effin Great

Another corporate media merger further limiting the freedom of choice and imagination in the Arts.