News Artcle

Comcast doubles down on its bet on the fate of TV

Published February 16, 2013

Comcast doubles down on its bet on the fate of TV by Ryan Nakashima and Michael Liedtke The Associated Press Published Feb 16, 2013 11:55PM MDT Los Angeles • Comcast’s $16.7 billion deal to buy the remaining half of NBCUniversal ahead of schedule represents a resounding vote of confidence in the future of TV, even as the growth of Internet video reshapes the entertainment landscape. The decision was driven largely by Comcast Corp.’s belief that it would end up paying substantially more for General Electric Co.’s remaining 49 percent stake if it had waited until 2018, as had been envisioned in 2011 when the nation’s largest cable TV prov... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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