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.
Not me, except when I open my closet. :)
One of Jack Welch’s terds had more ability than Jeffey boy.
.....and more integrity too.
There’s never been a better time to cut the cable. Comcrap sucks.
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):
“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.
I remember a late night radio show where they played those old time radio programs. I thought they were interesting
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.