GE shareholders say: Good riddance!

NY Post ^ | December 4, 2009 | KAJA WHITEHOUSE

[Scanian]

For General Electric's investors, yesterday's deal to combine NBC Universal with Comcast was more like a burnt-out light bulb than a bright idea.

While shareholders were gratified that GE was finally selling off a business that never quite fit in with the company's industrial bent, the deal's details generated Wall Street's version of a big, fat yawn, with shares in GE falling 7 cents to $16 a share. By comparison, Comcast's stock popped 97 cents to $15.91.

GE investors' muted response reflected a few factors, sources said. First, there was a sense among many investors that GE waited too long to dispose of NBCU.

[STONEWALLS]

“.....GE missed its window of opportunity to sell the unit for more when the studio was generating hits and broadcast network NBC hadn’t hit the skids.”

....the NBC unit was always tricky....remember when Julia Louis-Dreyfus/Jason Alexander/Michael Richards threatened to strike on Seinfeld for $600K per show?...that situation ended up pre-occupying the corporation...the Seinfeld revenues had become that distracting....it’s not good for a major manufacturing outfit to get so far away from their core business.

[cripplecreek]

GE shareholders would be wise to dump GE before the global warming scam crashes and takes the green economy scam with it.

[Ticonderoga34]

I wonder what is going to happen to MSNBC now that it is owned by Comcast.

[Daveinyork]

I suspect that the administration will agree to let the deal happen on one condition - that Comcast refuse to carry any Fox channels.

[JLAGRAYFOX]

If Comcast has any brains, they will revamp the NBC group from top to bottom, beginning with cleaning out MSNBC. If Comcast wants to make serious bucks, I suggest them turning to “objective newscasting”, just the facts, maam!!! And....shifting to commentators, equally split between liberal and conservative viewpoints!!! If Comcast does not do a major revamp, the NBS family will remain in the flushing toilet were it now is.

[Recon Dad]

Usually it takes about a year in a deal like this for the new owners to settle in and start making serious changes. Maybe sooner here in that the industry is so ratings sensitive for it's revenues.
The people that could be in for big pay days could be FOX talent who are under paid or folks coming to the end of contracts. The fastest way to success is steal winners.
If I were part of the lineup on MSNBC with their ratings I would be clearing my office out, there's no way to put lipstick on these dogs.

[Recon Dad]

Great minds think alike, check out post #7.