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Comcast officially buys control of NBC

12/03, 7:55am

Comcast has controlling stake, GE minority

Comcast today confirmed late rumors and bought a 51 percent stake in NBC Universal that gives it control of the studio. The deal sees GE maintain a 49 percent stake and receive about $6.5 billion from Comcast; NBC Universal in turn is borrowing $9.1 billion to pay GE. While the new combined company doesn't yet have a name, but Comcast has created a second division known as the Comcast Entertainment Group that will handle the content aspects of the venture.

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Comcast's On Demand Online going live next month?

11/13, 5:05pm

Comcast to launch On Demand Online TV in December

Comcast at the NewTeeVee Live conference said it will launch its On Demand Online on demand TV service as soon as December, according to a Thursday ConnectedHome2Go report. The cable provider added at the event that subscribers won't be charged extra and will have access to it on as many as three devices.

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