Skip to comments.General Electric gets out of the TV business
Posted on 02/12/2013 9:19:57 PM PST by Olog-hai
General Electric is saying goodbye to 30 Rockthe building and the TV business born there.
Its another step in GEs efforts to focus on less glamorousbut theoretically more profitableventures such as manufacturing medical imaging equipment, airplane engines and electrical generators.
GE is giving up its stake in one of Americas 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. Theres 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.
GEs 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 ...
I hope everyone gets fired at MSNBC.
How fitting if Al Gore were to use his lottery winnings from Al Jazeera to purchase “The Biggest Loser.”
The money men know. People are sick of being fooled.
GE got what they wanted, high taxes on medical device sales. Just waiting to see where they get the special breaks.
Comcast bought it. I doubt that anyone is getting fired at MSNBC.
They will never let conservatives buy it.
That is for certain.
I hate GE with Evey fibber of my being.
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.
what will brian williams show now be called? Taking Cover on MLK Drive?
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.
From your lips to God’s ear!
What, are they selling out to AlJiz too?
Fibber McGee is that you?
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.
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?
Does it now ?
Makes sense for both companies.
“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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.