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General Electric gets out of the TV business
Associated Press ^ | Feb 12, 2013 9:31 PM EST | Scott Mayerowitz

Posted on 02/12/2013 9:19:57 PM PST by Olog-hai

General Electric is saying goodbye to 30 Rock—the building and the TV business born there.

It’s another step in GE’s efforts to focus on less glamorous—but theoretically more profitable—ventures such as manufacturing medical imaging equipment, airplane engines and electrical generators. …

GE is giving up its stake in one of America’s best-known brands.

The sale includes the NBC broadcast network, which airs everything from “Law & Order” to “The Office” and “The Biggest Loser.” The company also owns cable networks Bravo, CNBC, Telemundo, USA and the Golf Channel. There’s also Universal Pictures, which over its 100 years has offered movies including “To Kill a Mockingbird,” “The Sting,” “Jurassic Park” and “E.T. The Extra-Terrestrial.”

GE’s capital unit will also sell the floors NBCUniversal occupies in the iconic 30 Rockefeller Center building in New York as well as property in Englewood Cliffs, N.J., for $1.4 billion. GE will retain two floors at 30 Rock, spokesman Seth Martin said. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Chit/Chat; Society; TV/Movies
KEYWORDS: ge; generalelectric; immelt; liberalmedia

1 posted on 02/12/2013 9:20:07 PM PST by Olog-hai
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To: Olog-hai

I hope everyone gets fired at MSNBC.


2 posted on 02/12/2013 9:22:45 PM PST by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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To: Olog-hai

How fitting if Al Gore were to use his lottery winnings from Al Jazeera to purchase “The Biggest Loser.”


3 posted on 02/12/2013 9:25:42 PM PST by ProtectOurFreedom
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To: Olog-hai

The money men know. People are sick of being fooled.


4 posted on 02/12/2013 9:26:20 PM PST by DManA
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To: DManA

GE got what they wanted, high taxes on medical device sales. Just waiting to see where they get the special breaks.


5 posted on 02/12/2013 9:27:57 PM PST by willyd
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To: Tzimisce

Comcast bought it. I doubt that anyone is getting fired at MSNBC.


6 posted on 02/12/2013 9:29:12 PM PST by Bryan
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To: Olog-hai

They will never let conservatives buy it.

That is for certain.


7 posted on 02/12/2013 9:30:58 PM PST by GeronL (http://asspos.blogspot.com)
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To: willyd

I hate GE with Evey fibber of my being.


8 posted on 02/12/2013 9:32:00 PM PST by DManA
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To: Olog-hai

This is just the beginning.
After four more years of the Communist, America will not
come even close to resembling the once great country that I grew up in.


9 posted on 02/12/2013 9:32:51 PM PST by AlexW
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To: Olog-hai

what will brian williams show now be called? Taking Cover on MLK Drive?


10 posted on 02/12/2013 9:33:05 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Olog-hai

Now that they have their Prez re-elected, they have less need for their propaganda unit, NBC. They can, instead, spend that money on newer and more exciting puppets.


11 posted on 02/12/2013 9:36:20 PM PST by drs1969
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To: Tzimisce

From your lips to God’s ear!


12 posted on 02/12/2013 9:36:30 PM PST by drs1969
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To: Olog-hai

What, are they selling out to AlJiz too?


13 posted on 02/12/2013 9:43:01 PM PST by NonValueAdded (If you can keep your head when all about you are losing theirs, you've likely misread the situation.)
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To: DManA

fibber?

Fibber McGee is that you?

:p


14 posted on 02/12/2013 9:46:48 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

Fibber McGee is that you?”

Boy are you going back a long way. Wonder how many people remember Fibber McGee and Molly. Great couple. Haven’t thought about them in years.


15 posted on 02/12/2013 9:56:32 PM PST by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: DManA

The two happiest days of my life were my first and last at GE.

They say they’re going after the more profitable things like medical devices. The ones made in China?


16 posted on 02/12/2013 10:00:36 PM PST by Terry Mross (How long before America is gone?)
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To: Olog-hai
Are we supposed to guess what "30 Rock" means?
I left my OUIJA board in my other pyjamas...
17 posted on 02/12/2013 10:07:50 PM PST by publius911 (Look for the Union Label -- then buy something else)
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To: AlexW

Does it now ?


18 posted on 02/12/2013 10:20:34 PM PST by fieldmarshaldj (Resist We Much)
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To: Olog-hai

Makes sense for both companies.


19 posted on 02/12/2013 10:20:48 PM PST by bigbob
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To: fieldmarshaldj

“Does it now ?”
______________________________
Well, no it doesn’t , but I have been looking from afar for the last 12 years.
No doubt, I would be even more horrified if I were there,
but Tennessee would probably be one of the last areas of sanity.


20 posted on 02/12/2013 10:51:44 PM PST by AlexW
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To: Grams A
Wonder how many people remember Fibber McGee and Molly.

Not me, except when I open my closet. :)

21 posted on 02/12/2013 11:47:48 PM PST by itsahoot (MSM and Fox free since Nov 1st. If it doesnÂ’t happen here then it didn't happen.)
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To: Olog-hai

One of Jack Welch’s terds had more ability than Jeffey boy.

.....and more integrity too.


22 posted on 02/13/2013 12:00:37 AM PST by NeverForgetBataan (I am become Barry... destroyer of wealth)
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To: publius911
GE’s capital unit will also sell the floors NBCUniversal occupies in the iconic 30 Rockefeller Center building in New York


23 posted on 02/13/2013 1:46:31 AM PST by canuck_conservative
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To: Olog-hai

There’s never been a better time to cut the cable. Comcrap sucks.


24 posted on 02/13/2013 2:06:00 AM PST by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: AlexW

Except for the moonbats here in Nashville. They’ve become hysterical since the GOP took control of the legislature. You can see some of the reaction in this thread in my local urban forum... (while it lasts, the thread may be deleted soon since I took the nutters to the cleaners):

http://www.urbanplanet.org/forums/index.php/topic/115632-gay-nashville/


25 posted on 02/13/2013 2:29:31 AM PST by fieldmarshaldj (Resist We Much)
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To: fieldmarshaldj

“Except for the moonbats here in Nashville.”
________________________________________________

Well, all of the cities have their moonbats, and Memphis, where I was born and grew up, has been destroyed since the W/B ratio changed from 60/40 to 40/60.
The Obots run the city and have pretty much destroyed it.

If I were forced to return, I would be in the mountains.
It is, however, unlikely that I will return to the USSA.

I am still quite proud that the Goreon lost Tennessee.
I will remember my state from that crowning event.


26 posted on 02/13/2013 2:58:54 AM PST by AlexW
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To: Grams A

I remember a late night radio show where they played those old time radio programs. I thought they were interesting


27 posted on 02/13/2013 6:05:53 AM PST by GeronL (http://asspos.blogspot.com)
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To: Olog-hai

GE seems to be going vertical. Perhaps because the CEO fascist pig that he is, is feeling the heat. The conglomerate also owns an insurance company probably picked up because of its liquidity cash flow, Union Fidelity.


28 posted on 02/13/2013 6:06:56 AM PST by mosesdapoet ("It's a sin to tell a lie", in telling others that , got me my nickname .Ex Chi" mechanic"ret)
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