The financing includes a three-year credit agreement providing a $3 billion term loan facility and a $750 million revolving facility for NBC Universal. There is also a bridge loan agreement to provide a $6.1 billion facility with a syndicate of lenders.
Comcast, the No. 1 U.S. cable operator, announced in December it had reached an agreement with GE to create a joint venture between Comcast's cable networks unit and NBC Universal, which owns cable networks like USA, MSNBC and CNBC as well as the NBC broadcast network.
The cable operator would have a 51 percent controlling stake in the venture if it were approved by regulators in Washington. The merger is currently going through a comprehensive review which has seen Comcast Chief Executive Brian Roberts testify to regulators on Capitol Hill at least four times since the start of the year.
Given the fact that the process of approving this "joint venture" will take some time, grandpa opted to make some recommendations to GE and Comcast in an effort to boost their ratings and enhance the credibility of their content. I welcome your feedback on the following suggestions prior to forwarding them to Jeff Zucker of NBC Universal.
Given the "GE Family", Elly May joins Jethro on Power Lunch
while Melissa Francis takes a leave to star in a
Little House on the Prairie documentary
Dennis Kneale remains with CNBC post the merger
however he becomes the voice of the bird. This will prove
to be a seamless transition.
to be a seamless transition.
Tyler joins Jane Wells in Hollywood and Jethro hosts Power Lunch
with his best friend Duke and sister Elly May.
Maria leaves CNBC to pursue her "Money Honey" line while
Lily Munster takes over The Closing Bell. Lily's palm reading
prowess will prove invaluable while interviewing politicians
Larry Kudlow's ratings have continued their downward spiral since
his 2007 "The recession debate is over. It's not going to happen".
Randy will fill in with the "Quaid Report" and will broadcast
remotely from various hotels each Friday.
Self explanatory
Grandpa has some programming suggestions for Mr. Zucker, however I will address specifics in a later post. Thanks for taking the time and I look forward to your feeback!!
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