{"id":8788,"date":"2013-04-08T00:40:45","date_gmt":"2013-04-08T04:40:45","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=8788"},"modified":"2013-04-13T16:23:42","modified_gmt":"2013-04-13T20:23:42","slug":"comcastnbcuniversal-2","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2013\/04\/08\/comcastnbcuniversal-2\/","title":{"rendered":"Comcast\/NBCUniversal"},"content":{"rendered":"
by Zach Eisen<\/pre>\n
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NBCUniversal Media, LLC
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<\/h5>\n
30 Rockefeller Plaza<\/h5>\n
New York, NY 10112<\/h5>\n
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212.664.4444<\/h5>\n
www.nbcuni.com<\/a><\/p>\n
About the Company [1]<\/a>:<\/strong><\/p>\n
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A snapshot of what NBCU owns<\/p><\/div>\n
NBCUniversal is a major media company owned by the Comcast Corporation<\/a>. With headquarters in world-famous Rockefeller Center, NBCU owns and operates a variety of media outlets across many different platforms, including broadcast and cable television, film, and digital media. NBCU’s content is distributed around the world.<\/p>\n
Television<\/span><\/h6>\n
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NBCUniversal has a variety of holdings in both broadcast and cable television. It owns the NBC broadcast network<\/a> and the Telemundo network<\/a>, airing popular programs such as NBC Nightly News<\/em>, Today<\/em>, Saturday Night Live<\/em>, and The Office<\/em>. NBC also owns and operates TV stations in some of the largest markets in the country, including New York, Los Angeles, and Chicago. NBCU’s cable holdings include the NBC Sports Network<\/a>, MSNBC<\/a>, CNBC<\/a>, USA<\/a>, E!<\/a>, Bravo<\/a>, and The Weather Channel<\/a>. NBC also owns the broadcast rights to the Olympics, NHL and NFL games, and many other major sporting events.<\/p>\n
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Film<\/span><\/p>\n
NBCU owns Universal Pictures<\/a>, one of the Big Six major film companies. Universal is famous for movies such as E.T.: The Extra-Terrestrial<\/em>, Jurassic Park<\/em>, Jaws<\/em>, and the Bourne<\/em> series [2]<\/a>. The company also owns Focus Features<\/a>, which is Universal’s art, foreign, and independent film division. NBCU also owns Universal Parks and Resorts<\/a>, with full ownership of the parks in Los Angeles and Orlando and part ownership of locations in Japan and Singapore.<\/p>\n
Online<\/span><\/h6>\n
NBCUniversal owns multiple digital and online companies, including NBC.com<\/a>, Fandango<\/a>, and iVillage<\/a>. It also is part of a joint-venture in Hulu<\/a>, the online streaming service.<\/p>\n
Key Executives [3]<\/a>:<\/strong><\/p>\n
Stephen B. Burke<\/a>\u00a0– CEO, NBCUniversal<\/p>\n
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Stephen B. Burke<\/p><\/div>\n
Stuart J. Epstein<\/a> – Executive VP and CFO, NBCUniversal<\/p>\n
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Stuart J. Epstein<\/p><\/div>\n
Robert Greenblatt<\/a> – Chairman, NBC Entertainment<\/p>\n
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Robert Greenblatt<\/p><\/div>\n
Brian Roberts<\/a> – Chairman and CEO, Comcast Corporation<\/p>\n
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Brian Roberts<\/p><\/div>\n
For more information on NBCUniversal’s executives, click here<\/a>.<\/p>\n
Competitors:<\/strong><\/p>\n
In the broadcast television market, NBC’s main competitors are the other Big Four major networks, which are ABC, CBS, and FOX. However, cable viewership is quickly growing, which means NBC also competes with basically every television station for viewers and advertising dollars.<\/p>\n
Ownership History [4]<\/a>:<\/strong><\/p>\n
NBCUniversal was officially founded in 2004, when NBC and Universal merged into one company. At the time of the merger, Vivendi and GE shared ownership of the company. In 2009, GE and Comcast announced plans to create a joint venture out of NBCUniversal’s companies and Comcast’s cable holdings. The plan was finalized in early 2011, with Comcast taking a majority stake in the company. In early 2013, Comcast announced it would buy GE’s 49% minority stake<\/a>, a $16.7 billion deal which allowed them to assume 100% ownership of NBCUniversal [5]<\/a>.<\/p>\n
Financial Information [6]<\/a>:<\/strong><\/p>\n
2012 was a successful year for NBCUniversal across the board. The company earned $23.8 billion in total revenue, an increase of nearly $2.7 billion, or 12.7%, from 2011. NBCU’s revenue in all four of its divisions (Broadcast Networks, Cable Networks, Film, and Theme Parks) saw increases in 2012.<\/p>\n
The largest gains were made in the Broadcast Television division, which jumped 27.4% from the previous year. The broadcast numbers were aided by the network’s airing of the 2012 London Olympics and Super Bowl XLVI. Excluding these events from the numbers, the Broadcast division’s revenue still saw a 4.8% increase, driven by political advertisements on its Owned & Operated stations. The increased revenue from the political ads also helps explain the Broadcast division’s 7.9% increase in the fourth quarter of 2012 from the same period in 2011.<\/p>\n
NBCU’s Cable Networks division accounted for the company’s smallest increases in 2012 (3.3%), but generated the most revenue for the company ($8.8 billion). The NHL lockout hurt ratings for the NBC Sports Network during that time, which boasts NHL coverage as its key selling point. However, ratings for that network reached all-time highs once hockey returned [15]<\/a>. Advertising revenue decreased by 1.5% in the fourth quarter for NBC’s cable networks.<\/p>\n
News:<\/strong><\/h6>\n
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\u2022 GOODBYE, GE<\/em><\/h6>\n
On March 19, Comcast completed its purchase of GE’s 49% stake in NBCUniversal [7]<\/a>. The $16.7 billion deal also included the sale of GE’s headquarters at the famous 30 Rockefeller Plaza building to Comcast. The deal brings to an end GE’s involvement with NBC, which began in 1919 when the company helped found the Radio Corporation of America, which started the National Broadcasting Company in 1926 [8]<\/a>. Since then, NBC has been owned by GE, RCA, Westinghouse, Vivendi and now Comcast. Watch Wall Street Journal Live’s analysis of the deal below (video courtesy of YouTube).<\/h6>\n