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Comcast buys NBC Universal

December 3, 2009 at 7:55 pm by Jim.

comcast & nbcuComcast Corp. has agreed to buy a majority stake in NBC Universal, virtually changing the television industry for both cable and satellite providers.  Major companies that rely on NBC programming such as Verizon and DirecTV might be in for a rude awakening in regards to higher programming fees.  General Electric, which is the parent company of NBC Universal, will receive a $6.5 billion payment from Comcast.

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