[Photo by Vincent J. Brown] NEW YORK TIMES: After nearly nine months of negotiations, Comcast, the nation’s largest cable operator, finally reached an agreement on Thursday to acquire NBC Universal from the General Electric Company. The deal valued NBC Universal at about $30 billion. The agreement will create a joint venture, with Comcast owning 51 percent and G.E. owning 49 percent. Comcast will contribute to the joint venture its stable of cable channels, which includes Versus, the Golf Channel and E Entertainment, worth about $7.25 billion, and will pay G.E. about $6.5 billion in cash, for a total of $13.75 […]
NEWS CLUES: Like A Censored Ad For The Truth
$166 Million In The Hole, Washington Post Closes L.A., Chicago And NYC Bureaus The Washington Post, in a significant retrenchment, is closing its remaining U.S. bureaus outside the capital area. The six correspondents who work in New York, Los Angeles and Chicago will be offered assignments in Washington, while three news assistants will be let go. The money-saving moves, coming on the heels of four rounds of early-retirement buyouts and the closing or merging of several sections, are the clearest sign yet of the newspaper’s shrinking horizons in an era of diminished resources. “The fact is, we can effectively cover […]