View source for Acquisition of NBC Universal by Comcast

{{Short description|Business transaction held from 2009 to 2013}}
{{Use mdy dates|date=December 2023}}

{{Use American English|date=December 2023}}

{{Infobox acquisition
| logo = Comcast logo 2006.svg
| logo_caption = The logo of Comcast from late 2006 to 2013
| logo2 = NBCUniversal Logo.svg
| logo2_caption = NBCUniversal logo since 2011
| logo3 = Comcast NBCUniversal logo.svg
| logo3_caption = Alternate NBCUniversal logo, created after the company's takeover and featuring Comcast's updated [[NBC logo|NBC peacock logo]] to promote its ownership
| initiator = [[Comcast]]
| target = [[NBC Universal]] from [[General Electric|GE]]
| type = {{ubl|Majority stake (until March 2013)|Full acquisition (from March 2013)}}
| cost = {{USD}}13.75 billion<ref name="nytimes" />
| initiated = December 3, 2009 <!-- date of announcement -->
| completed = {{ubl|January 28, 2011 (majority)|March 19, 2013 (full ownership)}}
| resulting entity = [[NBCUniversal]]
}}

On December 3, 2009, telecommunications company [[Comcast]] announced '''its intent to acquire mass media company [[NBCUniversal|NBC Universal]]''' from [[General Electric]] (GE). The acquisition was subject to scrutiny from activists and government officials; their concerns primarily surrounded the potential effects of the [[vertical integration]] that the acquisition could create, as Comcast is also heavily involved in [[cable television]] and [[Cable Internet access|internet]] services in many media markets.<ref>{{Cite web | title = Comcast, NBC Deal Faces Financial, Legal Obstacles, WSJ Reports | publisher = Bloomberg | author = Tim Barwell | date = October 3, 2009 | accessdate = April 6, 2011 | url = https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2SjVIOXnSLI }}</ref> The deal went through on January 28, 2011, resulting in Comcast owning 51% of the company until March 19, 2013, when GE divested its stake to give Comcast sole ownership. Through this acquisition, Comcast gained ownership of the National Broadcasting Company ([[NBC]]), the film studio [[Universal Pictures]], cable channels such as [[Syfy]], [[CNBC]] and [[MSNBC]], and [[Universal Destinations & Experiences|Universal Parks & Resorts]], among other assets owned by NBC Universal. It has also integrated its own cable channels – including [[E!]] and [[Golf Channel]] – into NBC Universal. As a result of the acquisition, NBC Universal slightly changed its name to "[[NBCUniversal]]", rendered in [[camel case]], to indicate the integration between NBC and [[Universal Studios, Inc.|Universal Studios]].<ref name=":0">{{Cite web |last=Stelter |first=Brian |date=2011-01-27 |title=Lost in the Comcast Takeover? A Logo's Peacock |url=https://mediadecoder.blogs.nytimes.com/2011/01/27/lost-in-the-comcast-takeover-a-logos-peacock/ |access-date=2019-02-25 |website=Media Decoder Blog |publisher=[[The New York Times]] |language=en-US}}</ref>

==History==

===Background===
{{Evolution of Comcast NBCUniversal}}
Comcast was, at the time, the largest [[cable television]] provider in the United States. It also owned a number of major cable networks, including [[E!]], [[Golf Channel]], and [[NBCSN|Versus]]. In 2004, Comcast attempted a [[hostile takeover]] of [[The Walt Disney Company]] for $41 billion, which would have made Comcast the world's largest media conglomerate, if approved. The deal fell through, however; Comcast's motivation for the deal was centered around gaining control of [[ESPN]], which a Comcast executive described as "the most important and valuable asset" in Disney's portfolio. The same year, [[General Electric]] (GE) acquired an 80% stake in [[Universal Studios, Inc.|Universal Studios]] from [[Vivendi]], merging it into [[NBC]] to form [[NBCUniversal|NBC Universal]]. By 2009, NBC Universal's financial performance had struggled due in part to the poor performance of recent Universal Studios' productions, and NBC ranked fourth at the time among the major broadcast television networks in the United States. By contrast, some of NBC Universal's cable networks (such as [[MSNBC]], [[Syfy]], and [[USA Network]]) were reporting steady gains in viewership. After the failed Disney deal, Comcast focused on its existing networks (along with its [[NBC Sports Regional Networks|Comcast SportsNet]] [[regional sports network]]s), and acquired a stake in the film studio [[Metro-Goldwyn-Mayer]] (MGM).<ref name="cnnm-comcastnbc" /><ref>{{cite web|url=http://articles.philly.com/2004-02-22/business/25375391_1_espn-president-george-bodenheimer-espn-brand-disney-comcast|archive-url=https://web.archive.org/web/20140306233148/http://articles.philly.com/2004-02-22/business/25375391_1_espn-president-george-bodenheimer-espn-brand-disney-comcast|url-status=dead|archive-date=March 6, 2014|title=ESPN is a big factor in bid for Disney Comcast...|website=The Philadelphia Inquirer|author=Larry Eichel|date=February 22, 2004|accessdate=February 27, 2014}}</ref>

===Proposal===
Negotiations between Comcast and NBC Universal for a potential acquisition began as early as March 2009; [[News Corporation]] and [[WarnerMedia|Time Warner]] were also reportedly interested in purchasing NBC Universal. By September 2009, Comcast had negotiated a purchase of a stake in NBC Universal from GE, but the overall deal was held up by negotiations with Vivendi for the sale of its 20% stake to GE.<ref name="cnnm-comcastnbc">{{cite web|author=David Goldman and Julianne Pepitone |url=https://money.cnn.com/2009/12/03/news/companies/comcast_nbc/index.htm |title=GE, Comcast announce NBC Universal joint venture deal |work=CNN Money |date=December 3, 2009 |accessdate=March 4, 2013}}</ref> On December 3, 2009, Comcast and NBC Universal confirmed a $6.5 billion deal to merge the two companies, pending approval from the [[United States Department of Justice Antitrust Division]]; the deal would be structured as sale of Vivendi's stake in the company to GE for $5.8 billion, followed by Comcast acquiring a 51% controlling stake of NBC Universal, and contributing its existing media properties to the company, themselves valued at $7.25 billion. As a result, NBC Universal would become a joint venture between Comcast and GE, with Comcast holding a 51% majority stake. As a whole, the deal valued NBC Universal at $30 billion. The deal included an option for General Electric to sell further stakes in the company to Comcast over seven years, or for Comcast to buy stakes at "specified times". [[Jeff Zucker]] was to remain CEO of NBC Universal after the acquisition, and remain headquartered [[Rockefeller Center|in New York]], but would report to Comcast.<ref name="nytimes">{{cite news |url= https://www.nytimes.com/2009/12/04/business/media/04nbc.html |title=G.E. Makes It Official: NBC Will Go to Comcast |last=Tim |first=Arango |date=December 3, 2009 |newspaper=[[The New York Times]] |accessdate=April 7, 2011 }}</ref>

Comcast CEO [[Brian L. Roberts]] described the deal as a "perfect fit" for the company, as Comcast would be able to bolster its role as a creator and distributor of content, with a particular emphasis on "[the] multiplatform ‘anytime, anywhere’ media that American consumers are demanding"; increasing access to NBC-owned content through various platforms. The deal would also add Comcast's cable channels to NBCU's existing suite of cable networks, contributing to 82% of the merged company's total revenue. Despite the focus on cable, Comcast promised to remain committed to over-the-air broadcasting and promised an increased amount of local news, [[Children's television series|children's programming]], and [[Spanish language]] programming across various platforms, including over-the-air.<ref name="pcw-procon">{{cite web |url= https://www.pcworld.com/article/516572/comcast_nbc_acquisition_pros_and_cons_for_you.html |last=Newman |first=Jared |title=Comcast, NBC Acquisition: Pros and Cons for You |date=January 28, 2010
|work=PC World |accessdate=April 19, 2011 }}</ref> GE's CEO [[Jeff Immelt|Jeffrey R. Immelt]] justified the deal, citing a desire to move purely back into the industrial sector, and was also motivated by the [[Great Recession]].<ref name="nytimes"/>

The deal was subject to the approval of the [[Federal Communications Commission]] (FCC); due to the magnitude of the agreement, it was placed under heavy scrutiny by the commission, which held hearings on the deal and its effects on the public's access to media.<ref name="nytimes"/>

=== Opposition ===
The acquisition was opposed by several media activists, particularly those who were against [[vertical integration]]. [[Free Press (advocacy group)|Free Press]] argued that Comcast would use the deal to stifle competition in online video by restricting where NBC-owned content can be offered, and charging higher rates to television providers for accessing NBC-owned networks, having to pass these charges on to consumers.<ref name="pcw-procon"/><ref name=dfinance-opponents>{{cite web|title=Opponents Line Up Against Proposed Comcast/NBC Merger|url=http://www.dailyfinance.com/2010/06/21/opponents-line-up-against-proposed-comcast-nbc-merger/|work=DailyFinance|publisher=AOL|accessdate=April 2, 2014}}</ref> There were concerns from the owners of NBC's affiliates, who urged the FCC to require that Comcast maintain NBC programming on over-the-air television, and not move it exclusively to cable. Several competing internet service and television providers urged the FCC to place conditions on Comcast if the deal were to be approved, including requiring that Comcast adhere to the principles of [[net neutrality]], offer wholesale access to its broadband services, and place limits on how Comcast can leverage its NBC-owned stations in [[retransmission consent]] negotiations to inhibit competition. [[AOL]] proposed that the FCC enforce its [[Cable Television Consumer Protection and Competition Act#Program access rules|program access rules]] for Comcast's online video content as well, requiring the provider to offer it to competitors at a fair rate. By June 22, 2010, over 32,000 comments about the deal had been sent to the FCC.<ref name=wsj-opposition>{{cite web|title=Comcast Rivals, Partners Seek Conditions on NBC Deal|url=https://www.wsj.com/news/articles/SB10001424052748704853404575323301646894716|work=The Wall Street Journal|accessdate=April 24, 2014}}</ref>

===Approval and closure of acquisition===

On January 18, 2011, the FCC and the [[United States Department of Justice]] (DOJ) approved the acquisition. Four months later, [[Meredith Attwell Baker]], the FCC commissioner who approved the deal, was hired as a [[Lobbying|lobbyist]] by Comcast.<ref>{{cite web|url=https://arstechnica.com/tech-policy/2011/05/after-approving-comcastnbc-deal-fcc-commish-becomes-comcast-lobbyist/ |title=After approving NBC buyout, FCC Commish becomes Comcast lobbyist |last=Anderson|first=Nate|date=May 11, 2011|accessdate=February 13, 2012|work=[[Ars Technica]]}}</ref> Upon the completion of the acquisition, which took place on January 28, NBC Universal was slightly renamed to "NBCUniversal", with the change intended to reflect "unity" between NBC and [[Universal Studios, Inc.|Universal Studios]].<ref name=":0" /> Comcast and GE formed the joint venture holding company NBCUniversal, LLC on the same day.<ref>{{Cite news|url=https://www.wsj.com/articles/SB10001424052748703293204576105392747186936|title=Vivendi Wraps Up Sale of NBC Universal Stake|last=Colchester|first=Max|date=2011-01-27|work=Wall Street Journal|access-date=2019-02-25|language=en-US|issn=0099-9660}}</ref> NBC Universal, Inc. became a wholly-owned subsidiary of the holding company and was renamed NBCUniversal Media, LLC on January 29.<ref>{{Cite web |date=2011-05-19 |title=Summary of GENERAL ELECTRIC CO - Yahoo! Finance |url=http://biz.yahoo.com/e/110131/ge8-k.html |url-status=dead |archive-url=https://web.archive.org/web/20110519133824/http://biz.yahoo.com/e/110131/ge8-k.html |archive-date=2011-05-19 |access-date=2023-12-17 |website=Yahoo! Finance}}</ref>

Comcast agreed to offer an internet service plan for qualifying low-income families for at least three years as part of the acquisition. The plan, "Internet Essentials", initially offered a 1.5-megabit connection for $9.95 per month (increased to 5 megabits in 2013)<ref name=ComcastBoosts>{{cite web|url=http://www.oregonlive.com/silicon-forest/index.ssf/2013/09/comcast_boosts_speeds_for_low-.html|title=Comcast boosts speeds for low-cost Internet service for low-income families|work=The Oregonian|author=Mike Rogoway|date=September 12, 2013|accessdate=March 5, 2014}}</ref> with no activation or equipment fees, as well as an opportunity to purchase a discounted [[netbook]] and receive free "internet training".<ref name=PCMagLaunch>{{cite web|url=https://www.pcmag.com/article2/0,2817,2390592,00.asp|title=Comcast Launches Low-Cost Internet for Low-Income Families|work=PC Magazine|author=David Murphy|date=August 7, 2011|accessdate=February 14, 2014}}</ref> Of an estimated 2.60 million households eligible for the program, about 0.22 million households participated in the program as of June 2013.<ref>{{cite web|url=http://corporate.comcast.com/images/MB-10-56-C-NBCU-Annual-Compliance-Report-2013-2014-02-28.pdf|title=SECOND ANNUAL COMPLIANCE REPORT ON INTERNET ESSENTIALS(pp 10)|publisher=Comcast|date=July 31, 2013|accessdate=March 19, 2014|archive-url=https://web.archive.org/web/20140630122337/http://corporate.comcast.com/images/MB-10-56-C-NBCU-Annual-Compliance-Report-2013-2014-02-28.pdf|archive-date=June 30, 2014|url-status=dead}}</ref><ref>{{cite magazine|url=http://business.time.com/2012/09/20/why-arent-more-families-signing-up-for-cheap-internet-service/|title=Why Aren't More Families Signing Up for Cheap Internet Service?|magazine=Time|author=Brad Tuttle|date=September 20, 2012|accessdate=March 5, 2014}}</ref><ref name=NYT012013>{{cite news|title=Mixed Response to Comcast in Expanding Net Access|url=https://www.nytimes.com/2013/01/21/business/media/comcast-internet-essentials-brings-access-to-low-income-homes.html|accessdate=January 21, 2013|newspaper=The New York Times|date=January 20, 2013|last=Chozick |first=Amy}}</ref> Comcast stated that the program would accept new customers for the duration of the mandate.<ref name=PCMagLaunch /> In March 2014, as he met with FCC concerning a [[Attempted purchase of Time Warner Cable by Comcast|proposal to acquire Time Warner Cable]], Comcast vice president David Cohen told reporters that the Internet Essentials program would be extended indefinitely.<ref>{{cite web|url=https://www.bloomberg.com/news/2014-03-04/comcast-pledges-low-cost-web-as-it-meets-on-time-warner.html|title=Comcast Pledges Low-Cost Web as It Meets on Time Warner|work=Bloomberg|author=Todd Shields|date=March 4, 2014|accessdate=March 5, 2014}}</ref>

Comcast intended to buy out the rest of GE's stake in NBCUniversal over the following seven years. Ownership remained split at 51%–49% for two years, and later, on February 12, 2013, Comcast announced its intention to complete the purchase all at once and assume 100% ownership of the company by the end of March.<ref name=GE_buyout>{{cite web|url=http://money.msn.com/business-news/article.aspx?feed=AP&date=20130212&id=16113978|title=Comcast to buy GE's 49 pct stake in NBCUniversal|agency=Associated Press|last=Nakashima|first=Ryan|date=February 12, 2013|publisher=[[MSN]]|accessdate=February 12, 2013|archive-url=https://web.archive.org/web/20130216103100/http://money.msn.com/business-news/article.aspx?feed=AP&date=20130212&id=16113978|archive-date=February 16, 2013|url-status=dead}}</ref><ref name=GE_buyout2>{{cite news|url=http://mediadecoder.blogs.nytimes.com/2013/02/12/comcast-buying-g-e-s-stake-in-nbcuniversal-for-16-7-billion/ |title=Comcast Buys Rest of NBC in Early Sale | last1=Chozick |first1=Amy |last2=Stelter |first2=Brian |date=February 12, 2013|newspaper=[[The New York Times]]|accessdate=February 24, 2013}}</ref> The deal was officially completed on March 19.<ref>{{Cite web |last=Lieberman |first=David |date=2013-03-19 |title=Comcast Completes Acquisition Of GE’s 49% Stake In NBCUniversal |url=https://deadline.com/2013/03/comcast-completes-acquisition-nbcuniversal-457181/ |access-date=2023-12-17 |website=Deadline |language=en-US}}</ref>

==Scale of new company==
The merger expanded Comcast's scale significantly; Comcast's position as a cable television provider produced [[vertical integration]] with its ownership of NBC Universal's broadcast television and cable networks, while Comcast's existing cable networks (which included [[E!]], [[Golf Channel]], and [[NBCSN|Versus]]) were [[horizontal integration|horizontally integrated]] with the television properties of NBC Universal. Mark Leccese of ''[[The Boston Globe]]'' noted that the combined company consisted of "10 TV and movie production studios (including Universal Pictures), 20 cable channels, 11 regional broadcast TV stations, 15 [[Telemundo]] stations, nine regional sports cable networks, one regional news cable station (New England Cable News), a whole bunch of websites, two pro sports teams in Philadelphia and two arenas, a food service vendor, a ticket agency, and four theme parks. And some other stuff."<ref>{{cite web |first=Mark |last=Leccese |title=Comcast/NBC merger: Trouble or trivia? |url=https://boston.com/community/blogs/gatekeeper/2011/01/comcastnbc_merger_trouble_or_t.html |website=Boston.com |date=January 19, 2011 |access-date=June 2, 2023 |archive-date=January 25, 2011 |archive-url=https://web.archive.org/web/20110125235725/https://www.boston.com/community/blogs/gatekeeper/2011/01/comcastnbc_merger_trouble_or_t.html}}</ref>

==Influence==
{{Essay-like|section|date=April 2014}}
The video marketplace has changed structurally with or without the Comcast-NBCUniversal acquisition. More and more videos, programs, and advertisements are displayed on the Internet, not the traditional media channel, television. As a result, the video business model has gradually changed as time goes by. Comcast has reached such a significant scale that it now owns many media and entertainment properties. However, facing the uncertainty of the video marketplace, many people proposed their concerns:

===Impact on the video market===

One of the claims is "Comcast would be able to use its vertically integrated position to deny rival distributors access to programming or to raise the cost of that programming". Comcast-NBC will face two rival distributors – the satellite and telephone company and the new entrant. Of course, both of them worry about the domination that Comcast-NBCUniversal may be capable of establishing and [[Barriers to entry|the entry barrier]]. The big challenge for the satellite and telephone company is to find a new business model to convince the programmers that their model will benefit them more than Comcast-NBCUniversal. However, Comcast-NBCUniversal also keeps improving its business model, which is unhappy to the new entrant.

The other claim is that "Comcast will use the merger to change NBC into a cable network, at the expense of local programming". Some observers predict that Comcast may convert NBC to a cable network. They think that Comcast must have to make some changes because NBC broadcast station traditionally has only one revenue path, the advertising;<ref>{{cite book |last= Goldfarb |first= Charles B. |title= The Proposed Comcast-NBCUniversal Combination: How It Might Affect the Video Market |page= 21 |publisher= [[Congressional Research Service]] |date=February 2010
}}</ref>

===Impact on competition, diversity, and localism of media company===

The three major topics are media ownership, competition, diversity, and localism. Once two or more media companies amalgamated, such as in the case of the merger of News Corp/DirecTV and [[Sirius XM]], many critics suggested that a merged company with too much power will harm the competition, diversity of the media marketplace and even the democracy of this country. Some of them directly called it "merger to [[monopoly]]".  FCC Commissioner Copps once said, "It will create a single company with enormous influence over politics, art, and culture across the nation and especially in the New York metropolitan area."  Localism may also be affected by this merger. The new entity that acts as a gatekeeper could limit the local or independent voices to get to the slots on the media distribution system.  Adam Thierer has conveyed this concern, "The new entity will have the incentive to prioritize NBC shows over other local and independent voices and programs, making it even harder to find alternatives on the cable dial."<ref>{{cite journal |last=Thierer
|first=Adam
|title=A Brief History of Media Merger Hysteria: From AOL-Time Warner to Comcast-NBC
|journal=Progress on Point
|volume=16
|date=December 2009
|pages=5–8
}}</ref>

===Benefits to shareholders and consumers===

One of the claims is, "A combined Comcast-NBC Universal might have the unique ability to craft new business models that benefit consumers." With new digital technologies to distribute videos, advertising revenues have yet to be generated in the new market. Therefore, these enterprise operators must find a new business model to make the revenues financially available. Facing the uncertain environment, Comcast Senior Vice President for Corporate Development, Robert Pick, still shows his determination. He says, "the combination would ameliorate the negotiations friction that had made it difficult for Comcast, primarily a distribution and communications company, to convince content owners and programmers to work with us to create and deliver more content to consumers in a greater variety of ways."<ref>{{cite book
|last= Goldfarb
|first= Charles B.
|title= The Proposed Comcast-NBCUniversal Combination: How It Might Affect the Video Market
|page= 29
|publisher= [[Congressional Research Service]]
|date=February 2010
}}</ref>

===Impact on price of video markets===

Many observers, such as journalist Adam Thierer, predict that the price of distributing videos were going to fall dramatically in the near future because three distribution products of Comcast (broadcasting, television, and internet) are all merging into the network. [[The Wall Street Journal|''Wall Street Journal'']] business columnist [[Holman W. Jenkins Jr.|Holman Jenkins]] said that "customers want the product for free. Comcast's lifeblood, the $100-a-month cable bill and the $50-a-month broadband bill, increasingly look like duplicative expenses. And so on." In order to recover the lost revenue from content, Comcast-NBCUniversal may enhance their business on service of advertising, subscription etc.<ref>
{{cite journal
|last=Thierer
|first=Adam
|title=A Brief History of Media Merger Hysteria: From AOL-Time Warner to Comcast-NBC
|journal=Progress on Point
|volume=16
|date=December 2009
|page=10
}}</ref>

== On-air effects ==
The first major on-air effects of the deal occurred in February 2011, when Comcast began to align its sports properties with the [[NBC Sports]] division; the Comcast Sports Group was renamed [[NBC Sports Group]], with  Mark Lazarus, formerly the head of [[Turner Broadcasting System|Turner Entertainment Group]], heading its cable networks.<ref>{{cite news|last=Weinstein |first=Joshua L. |title=Mark Lazarus to Head NBC Sports Group's Executive Team |url=https://www.thewrap.com/tv/column-post/nbc-sports-group-announces-new-executives-24395 |accessdate=October 6, 2012|newspaper=The Wrap|date=February 2, 2011}}</ref> NBC Sports talent could now appear on Comcast networks such as [[Golf Channel]]; NBC's golf coverage was re-branded as ''[[Golf on NBC|Golf Channel on NBC]]'' beginning at the [[2011 WGC-Accenture Match Play Championship]].<ref name=nbc-golfchannel>{{cite web|last=Reynolds|first=Mike|title=Golf Channel, NBC Tee Off As Playing Partners With WGC Tourney|url=http://www.multichannel.com/article/464259-Golf_Channel_NBC_Tee_Off_As_Playing_Partners_With_WGC_Tourney.php?rssid=20059|work=Multichannel News|accessdate=February 21, 2011}}</ref> On August 1, 2011, Comcast announced that its Versus network would be renamed [[NBCSN|NBC Sports Network]] on January 2, 2012, to directly align it with NBC Sports.<ref name=nbcsportsnetwork>{{cite web|last=Fernadez|first=Bob|title=Goodbye Versus, hello NBC Sports Network|url=http://www.philly.com/philly/sports/126495098.html|work=The Philadelphia Inquirer|accessdate=August 1, 2011}}</ref>

The acquisition was announced during the [[30 Rock season 4|fourth season]] of the NBC sitcom ''[[30 Rock]]'', which depicts a fictitious version of the network. The acquisition of NBC by Kabletown, a large Philadelphia-based cable company, and its consequences became a recurring storyline. The January 27, 2011 episode "[[Operation Righteous Cowboy Lightning]]", which aired the day Comcast's [[Steve Burke (businessman)|Steve Burke]] met his new NBC employees, opens with a scene depicting a Kabletown sign being installed on 30 Rockefeller Center to replace the existing neon GE sign.<ref>
{{cite web
|title=Kabletown Eerily Takes Over 30 Rock the Same Day Comcast Takes Over NBC |date=January 27, 2011
|work=NY Mag
|accessdate=April 25, 2011
|url=https://nymag.com/daily/entertainment/2011/01/30_rock_kabletown_nbc.html
}}</ref><ref>{{Cite web|url=https://www.theatlantic.com/entertainment/archive/2011/01/30-rock-mel-gibson-telethons-and-reality-tv/70396/|title='30 Rock': Mel Gibson Telethons and Reality TV|last=Smith|first=Caitlan|date=2011-01-28|website=The Atlantic|language=en-US|access-date=2020-01-17}}</ref> In 2014, Comcast received approval by the city of New York to perform a similar modification to [[30 Rockefeller Plaza|the actual 30 Rock]], replacing the GE lettering with signs depicting its corporate logo and the [[NBC logo|NBC peacock]].<ref>{{Cite news|url=https://www.nytimes.com/2014/11/25/arts/television/jimmy-fallons-name-goes-on-30-rock-marquee.html|title=Jimmy Fallon's Name Goes on 30 Rock Marquee|last=Carter|first=Bill|date=2014-11-24|work=The New York Times|access-date=2020-01-17|language=en-US|issn=0362-4331}}</ref>

== See also ==
*[[Acquisition of 21st Century Fox by Disney]], a corporate act of [[The Walt Disney Company]] which acquired the majority of [[21st Century Fox]] assets, mostly [[20th Century Studios|film]], television studios and entertainment pay TV channels.
*[[2019 merger of CBS and Viacom]], a media merger deal that combined the operations of [[CBS Corporation]] and [[Viacom (2005–2019)|Viacom]], which had previously split in 2005, into a new company called ViacomCBS (now [[Paramount Global]]).
*[[Merger of Sprint Corporation and T-Mobile US]]
*[[Concentration of media ownership]]

==Further reading==
* ''[[Columbia Journalism Review]]'' "[https://web.archive.org/web/20070711163752/http://www.cjr.org/resources/ Who Owns What]" webpage
* ''[[Columbus Free Press|Free Press]]''{{'}}s "[https://web.archive.org/web/20120207144953/http://www.freepress.net/ownership/chart/main Ownership Chart: The Big Six.]"

==References==
{{Reflist|30em}}

{{Comcast}}

[[Category:2011 in economic history]]
[[Category:2011 in the United States]]
[[Category:2011 in American television]]
[[Category:2011 mergers and acquisitions]]
[[Category:January 2011 events in the United States]]
[[Category:Cable television companies of the United States]]
[[Category:Comcast]]
[[Category:NBCUniversal]]