Why did GE sell NBC?
Jackson Reed
Updated on January 15, 2026
Analysts said Comcast was getting a good deal at that price, while Comcast’s chief executive said the company moved because it was eager to take control of the business sooner than planned. Comcast shares rose 7.5 percent in afterhours trading.
Who owns NBC?
NBCUniversal
Comcast
NBC/Parent organizations
(NBC), major American commercial broadcasting company, since 2004 the television component of NBCUniversal, which is owned by the Comcast Corporation.
How much of NBC does GE own?
The sale and resulting merger formed NBC Universal. The new company was 80% owned by GE, and 20% owned by Vivendi.
Does NBC have a parent company?
Comcast
NBC/Owners
Did NBC get sold?
In December 2009, Comcast announced its intent to acquire a majority stake in the media conglomerate NBCUniversal from General Electric (GE)….Acquisition of NBC Universal by Comcast.
| The logo of Comcast since late 2012. | |
|---|---|
| NBCUniversal logo from 2004 through 2011. | |
| Type | Majority stake (until March 2013) Full acquisition (from March 2013) |
What is NBC known for?
The network is famous for its three-note chimes, and NBC Sunday Night Football, which is the most watched TV series after American Idol. Some famous NBC shows are Saturday Night Live, The Fresh Prince of Bel Air, Law and Order, 30 Rock, Frasier, ER, Cheers, Will and Grace, Meet the Press, and Today.
Does NBC own USA?
USA Network (on-air simply as USA) is an American basic cable channel owned by the NBCUniversal Television and Streaming division of Comcast’s NBCUniversal through its Cable Entertainment Group subsidiary.
Who is the CEO of NBC?
Jeff Shell (01 Jan 2020–)
NBCUniversal/CEO
NBCUniversal CEO Jeff Shell’s 2020 Pay Hits $16.5 Million. Parent company and cable giant Comcast disclosed compensation for its top executives in a regulatory filing.
What is NBC net worth?
The estimated net worth of NBC is $35 billion as of August 2021. They have earned it from the television and radio broadcast.
When did GE sell its stake in NBC?
Since reaching the deal to sell its majority stake in NBC Universal, GE officials have made clear that they eventually planned to exit the entertainment business entirely. The initial sale contract gave GE the option to sell back as much as all its remaining stake in NBC Universal by mid-2014.
When did NBC become part of General Electric?
In 1986, the company was acquired by General Electric which spun off the NBC Radio Network, but kept the NBC television assets intact. In 2004, NBCUniversal came into existence with the merger between NBC and Vivendi Universal Entertainment.
When did Comcast and GE merge into NBCUniversal?
Comcast and GE formed the joint venture holding company NBCUniversal, LLC. NBC Universal, Inc. became a wholly owned subsidiary of the holding company and was renamed as NBCUniversal Media, LLC. Later that year, the two companies merged.
Who are the owners of General Electric Company?
List of assets owned by General Electric : NBCUniversal Global Networks España. United States v. General Electric Co.
