Saturday, December 24, 2005

NBC Universal takes control of MSNBC

One of the big concerns I had when I was being courted by MSNBC.com earlier this year was how much credence could be given to rumors about a major organizational change. People buzzed about a possible buyout, shut down, or third-party acquisition. I was "assured" that such wasn't true and wouldn't come to pass, as in "Well, I've been here a full 8 months and I don't think anything like that's coming down the pipe anytime soon..." .

PaidContent.org reports:
"Microsoft and NBC Universal finally have agreed on a resolution for the cable side of their joint venture. NBCU has acquired a controlling interest in MSNBC with an option to acquire 100 percent of the struggling cable news network within two years. The network now will be more fully intergrated with NBC News. The announcement came with an affirmation of the companies' strong commitment to thriving MSNBC.com."
MSNBC.com will contiune to operate as a joint ventiue between NBC News and Microsoft.

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