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Comments on news posted 2013-02-13 08:13:58: After acquiring a majority stake in NBC Universal for a deal worth $13.8 billion back in 2009, Comcast this afternoon announced they'd be buying GE's remainder share of NBC for an additional $16.9 billion. ..

page: 1 · 2 · 3 · 4
AuthorAll Replies


Morac
Cat god

join:2001-08-30
Riverside, NJ
kudos:1
Reviews:
·Comcast

Content provider + content deliverer = less competition

This deal seals Comcast as a content provider seeing as it will own all of NBC Universal. Comcast also owns Xfinity which is a content deliverer.

What happens when deals that would benefit Xfinity (such as peering with Netflix's Open network) would result in competition with NBC Universal?
Hint: It's less competition.
--
The Comcast Disney Avatar has been retired.


Linklist
Premium
join:2002-03-03
Longport, NJ
kudos:5

Lots of cash changing hands.

Here is where all that money comes from to do the buyout:
quote:
The transactions will be funded with $11.4 billion of cash on hand, $4.0 billion of subsidiary senior unsecured notes to be issued to GE, $2.0 billion of borrowings under Comcast and/or subsidiary bank credit facilities and $725 million of subsidiary preferred stock to be issued to GE.
Morgan Stanley handled the deal. I bet they made a big chunk of change and a couple VPs will get million $ bonuses this year.

--
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury.


wizkid6

join:2002-03-31
Opelika, AL

reply to Morac

Re: Content provider + content deliverer = less competition

quote:
Comcast also owns Xfinity

Xfinity is a brand, not a subsidiary. Comcast is the service provider, not "Xfinity."


anon guy

@charter.com

NBC to be 1st broadcast network to go all cable

Might take 5-7 years but NBC will cease to be a broadcast network by 2020. ABC to follow by 2023, then Fox by 2025 CBS may take until 2030. Enjoy OTA while it still exists.


Morac
Cat god

join:2001-08-30
Riverside, NJ
kudos:1
Reviews:
·Comcast

reply to wizkid6

Re: Content provider + content deliverer = less competition

said by wizkid6:

Xfinity is a brand, not a subsidiary. Comcast is the service provider, not "Xfinity."

That's a nit-pick on my choice of words. My point still stands.
--
The Comcast Disney Avatar has been retired.


Transmaster
Don't Blame Me I Voted For Bill and Opus

join:2001-06-20
Cheyenne, WY

reply to Linklist

Re: Lots of cash changing hands.

Wow all that money for such a pile of bird quano.


Snakeoil
Ignore Button. The coward's feature.
Premium
join:2000-08-05
Mentor, OH
kudos:1
Reviews:
·RoadRunner Cable
·magicjack.com

So can comcast restrict access to NBC?

If comcast wanted to make NBC exclusive to only the subscribers of it's service [like Dish did with blockbuster, verizon with Redbox], would that be allowable?

Though I'd think they'd miss out on a lot of money by doing that.
Also, that makes them owners of USA and Syfy?
--
Is a person a failure for doing nothing? Or is he a failure for trying, and not succeeding at what he is attempting to do? What did you fail at today?.

eco
Premium
join:2001-11-28
Wilmington, DE

Simple answer: no. FCC rules prevent it.



Snakeoil
Ignore Button. The coward's feature.
Premium
join:2000-08-05
Mentor, OH
kudos:1

Hmm, I wonder how much money Comcast would fork out to change the rules?
As they purchased the ok for the NBC purchase anyhow.



BillRoland
Premium
join:2001-01-21
Ocala, FL
kudos:2

If only

If only the gubment would buy a broadcast network, then we could be sure we were getting great competition and the highest quality, truthful news.

ITALIAN926

join:2003-08-16
kudos:1

reply to eco

Re: So can comcast restrict access to NBC?

I thought those rules were lifted, thought I read a headline on this site.

jjeffeory

join:2002-12-04
USA

reply to Morac

Re: Content provider + content deliverer = less competition

I thought Xfinity was a Comcast brand, not a separate company from Comcast?


IowaCowboy
Want to go back to Iowa
Premium
join:2010-10-16
Springfield, MA
Reviews:
·Comcast
·Verizon Broadban..

I'm watching an NBC station right now

I'm watching an NBC station (WWLP-TV) right now on Comcast. I don't see any carriage disputes in the near future.

I'm sure NBC will require that it's affiliates sell Comcast retransmission rights at rock bottom prices. Now that Comcast owns the content, the profits will keep rolling in as Comcast does not need to pay NBC for carriage rights since they are now NBC.

Fortunately Comcast does not own every cable/broadband system in the country like AT&T and Bell System before 1984. State typically have a dominant cable provider like Massachusetts (Comcast with a touch of Charter), Maine (2 parts Time Warner to 1 part Comcast) and Iowa (predominantly Mediacom with a few overbuilders). Florida is predominantly Comcast.

I just found out that one of my friends from high school moved to Florida going from rural telecom cooperative territory to Comcast turf.
--
I've experienced ImOn (when they were McLeod USA), Mediacom, Comcast, and Time Warner. They are much better than broadcast TV.

I have not and will not cut the cord.


FarmerBob

join:2000-12-21
Littleton, CO
Reviews:
·Comcast
·CenturyLink

The End is near.

It really doesn't matter how long TOA is around, there's nothing on now anyway. All the good stuff gets canceled and replaces with cheap junk. And Comcast can't make any worse programming decisions than NBC already has. Although they'll have to learn that if they want to dominate the world we'll have to like them. Oh wait, no we won't.

And the FCC will not block anything if they did not block this and all the other questionable mergers forecasted. FCC=$$$$$$$$

rradina

join:2000-08-08
Chesterfield, MO

reply to anon guy

Re: NBC to be 1st broadcast network to go all cable

Maybe all IP streaming? Comcast doesn't serve the entire country yet and something tells me if they only play nice with other cable providers (stiffing Telco carriers), the gub'ment won't stand for it. However, Comcast could serve the entire country if they took NBC off the air and went all IP streaming.


NotTheMama
What Would Earl Do?

join:2012-12-06

reply to Linklist

Re: Lots of cash changing hands.

Ultimately, though, that money will come out of the pockets of Comcast's customers--many times over.
--
"Face piles of trials with smiles; it riles them to believe that you perceive the web they weave."

zed260
Premium
join:2011-11-11
Cleveland, TN
Reviews:
·Charter

reply to eco

Re: So can comcast restrict access to NBC?

said by eco:

Simple answer: no. FCC rules prevent it.

correct answers yes

comcast now owns nbc there are 2 options for carrying channel nbc on cable that comcast can do they can use must carry rules to require any other cable company to provide it or they can elect to charge a fee say 3 dollars for your local nbc channel

comcast owns the content the fcc give ota broadcast stations great leeway in how they use that content heck in some markets

»chronicle.augusta.com/news/busin···-station

they already took away the channel from dishnetwork briefly

rradina

join:2000-08-08
Chesterfield, MO

reply to Snakeoil
Will they do that? In other words, will they remove NBC from the air and only provide it to their customers? Possible but since Comcast doesn't serve the whole US (yet), wouldn't that be limiting the ROI on NBC content? As one example, if that were to happen, the NFL would pull Sunday Night Football from NBC. It's in the NFL's interest (and their advertisers) to make sure games with a solo time slot are viewable by as many as possible.


openbox9
Premium
join:2004-01-26
japan
kudos:2

reply to NotTheMama

Re: Lots of cash changing hands.

Where else would've it come from? Comcast is a business that exists because of revenue derived from its customers.

rradina

join:2000-08-08
Chesterfield, MO

reply to IowaCowboy

Re: I'm watching an NBC station right now

While it might be "funny money" floating around within the mother ship, if the NBC entity is considered a separate corporation with its own board, CFO and financials, I think they'll have to charge the Comcast cable LOB the same price as other carriers. In the wholesaling business, the FTC gets upset when the same product isn't offered to all at the same price. Granted, there can be contracts, volume discounts/kickbacks and other ways to game the system but in general, that kind of tactic is sniffed out by those paying higher prices and they complain loudly.

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