Click to Skip Ad
Closing in...

Will GE Sell NBC Universal to Time Warner?

Photo of Anne Thompson By Anne Thompson | Thompson on Hollywood April 24, 2009 at 7:54AM

As the reeling economy puts more pressure on Hollywood's giant conglomerates, and the Internet looms as the ultimate unknown devaluator, The Daily Beast's Kim Masters reports that at some point in time, whether it's sooner or later, General Electric will be forced to unload NBC Universal--no matter how well it's doing--and that Time Warner's Jeffrey Bewkes might not be able to resist buying it:
0

Wall-st-bull-collapsed-slide

As the reeling economy puts more pressure on Hollywood's giant conglomerates, and the Internet looms as the ultimate unknown devaluator, The Daily Beast's Kim Masters reports that at some point in time, whether it's sooner or later, General Electric will be forced to unload NBC Universal--no matter how well it's doing--and that Time Warner's Jeffrey Bewkes might not be able to resist buying it:


The main lure for Time Warner meanwhile, would be NBC Universal’s cable channels: USA, Bravo, Sci-Fi, and CNBC. Those would go nicely with Time Warner’s HBO, TNT and TBS. And while no one’s getting rich off news, CNN and NBC News could make a strong combination. Universal Pictures, on the other hand, would likely be folded since Time Warner—which owns Warner Bros.—has no need for another film studio. Yes, that would truly be the end of an era. But industry veterans believe that there’s every reason to expect a number of eras to end in the foreseeable future in the entertainment world, just as big names are vanishing in other industries.

This article is related to: Media, Cash Crunch, Stuck In Love


E-Mail Updates