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Word to Comcast: Just Don’t Touch That Dial

October 2, 2009
by Martin Peers
Columnist, Heard on the Street, The Wall Street Journal

Martin Peers

Business leaders clearly think the world is back to normal: A media company is weighing a deal of dubious logic. News that Comcast (CMCSA) is in talks to buy control of NBC Universal can only confirm cable investors’ worst fears about Comcast’s fixation on expanding in content. And while Comcast may succeed in getting control without paying a fortune, it isn’t clear what strategic value there is in linking its cable operations with NBC Universal. The deal said to be under discussion involves the cable company merging its array of lesser known cable channels with NBC Universal into a new company that would be roughly half owned by Comcast and half by NBCU’s parent General Electric (GE).

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