TVSpy LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

CNBC Reports On Parent Company’s Fate

You may have seen the reports in the Wall Street Journal and in Broadcasting & Cable today about NBC Universal, specifically the 20% not owned by General Electric. When NBC bought the theme parks and TV & film studios from Vivendi in 2003 the French company kept 20% of the merged entity. It has the right to sell the stake later this year.

CNBC’s David Faber has been reporting on what might happen. On CNBC.com he writes, “Every signal is that Vivendi will say it wants out, though it has yet to inform GE of any decision, according to people familiar with the situation.”

B&C opines on the likely scenarios, but whatever happens won’t mean much for the network’s news division and cable news channels, at least in the near term.

So for now, Faber and his CNBC colleagues will continue to report on what might happen to their parent company. Although he isn’t getting much help from 30 Rock. He closed his CNBC.com story with, “NBC officials declined all comment for this report.”

Mediabistro Course

Create Quick Video for the Web

Create Quick Video for the WebLearn how to shoot, edit, and encode online video! Starting October 4, write video scripts and story outlines, shoot and edit film, and broadcast your work on video-sharing sites like YouTube and Vimeo. Students will get hands-on experience with a Canon HDV camera and Final Cut in this course. Register now!