Comcast Buying Out GE Stake in NBC Universal

Pitney mentioned in class that NBC is typically less critical of the US defense budget because GE has a significant stake in the company and GE makes jet engines for the military. No longer...

From NYT: "Comcast said Tuesday that it has agreed to acquire General Electric’s remaining 49 percent stake in NBCUniversal for approximately $16.7 billion, completing a sale process that was expected to take several more years. The acquisition will wrap up by the end of March, Comcast said in a news release on Tuesday."

Full article: New York TImes Media Decoder