I was just reading about Comcast's plan to buy out NBC Universal and thought it was pretty relevant to the global village. In an economic recession Comcast realizes that people are doing whatever they have to to cut costs and save money. This often includes less or even no cable television because media is becoming more readily available online. Sites like netflix and itunes are making movies and shows available for rental or purchase, on dvd or even to stream right on the internet. Hulu offers some of the most popular tv shows on the web for no price at all. Most of the major players on cable like nbc, abc, and cbs are offering the newest seasons of their shows in their websites, with advertisements thrown in here and there. Comcast also owns other telecommunications outlets like phone lines, which people are also cutting down on. Many families already have cell phones and see no need for a landline in the house. Anyways, Comcast is buying NBC Universal from conglomerate GE because it realized that the future of programming is less in the method of delivery but more in content. NBC controls numerous other channels and outlets, as demonstrated by the image above. However it remains to be seen whether Comcast is capable of controlling a conglomerate like NBC Universal who has wide control over entertainment in general and even owns theme parks.
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