Skip to comments.Is CNBC For Sale?
Posted on 09/27/2009 1:31:07 AM PDT by TigerLikesRooster
Is CNBC For Sale?
Submitted by Tyler Durden on 09/26/2009 18:44 -0500
CEO CNBC Economy GE General Electric Goldman Goldman Sachs Harbinger Hope ICE Jeff Immelt Media MOVE MSNBC NBC NYT Phil Falcone Truth Wall Street Wall Street Journal
There may be some major changes in the NBC ownership structure according to media and financial pundits. Even as General Electric is dealing with significant balance sheet problems, which have been temporarily swept under the rug compliments of unjustified Goldman Sachs stock upgrades, it may be looking at getting rid of its "vanity play", the NBC TV station family, which of course includes CNBC. According to MarketWatch:
/snip Market Watch quote
And while NBC is having few and far between successes, even as the popularity of the mainstay "Tonight Show" drops (from 18 million viewers down to 6 million), the network's other presumably profitable channels, CNBC in particular, have also seen a dramatic drop in their viewer metrics. The melting ice cube of the traditional media core holding has lead MarketWatch to observe the "the key question is when -- not if anymore -- Immelt will sell NBC, whose portfolio includes NBC, MSNBC, CNBC, Bravo and other assets."
(Excerpt) Read more at zerohedge.com ...
So what will happen to Cramer and clowns? May be working for HuffPos........
Yeah George Soros can buy it and make it into a HuffPos news division
Might be a good opportunity for Fox’s Murdoch to increase his media presence?
That’s what I was wondering. WaPo, too...
Maybe Free Republic could buy it?
Isn't it bigger news that they may be divesting themselves of the whole NBC TV station family? Why make the headline about CNBC?
And, wouldn't GE be crazy to do this? NBC is GE's ticket to preferential treatment by the Obama administration.
I hadn’t heard that, but if MSNBC goes up for sale, it is worth 35 cents (maybe).
CNBC has some excellent analysts, some of whom often let their free-market, pro-capitalist views guide their questions and comments.
Since GE is sooooo in bed with Obama, these little pro-capitalist leanings-—expressed in jibes against the bailouts, against Government Motors, etc.-—must be a real irritant to the GE suits.
I could see them trying to offload CNBC for not being sufficiently in lockstep with the administration. Yes, it’s that bad in the U.S.A. today.
That "MS" stands for Microsoft. That's Gates' bucks.
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