Posted 1:44 PM by Gene

Tomtastic goes COMCASTIC over CONCAST!!!!!

What's being billed as one of the biggest media deals in years could also be seen as rescue mission -- liberating NBC from the clutches of its fumbling management and from General Electric, the hardhearted defense contractor that bought the network in 1986 and has been ordering budget cuts ever since.

The company is called NBC Universal now, because it includes the Universal movie studio, and is said to be worth $35 billion, vs. the $6.5 billion or so that GE paid (for NBC alone). The potential buyer is Comcast, the largest cable company in the United States, and a firm whose principal interest is television, with no sideline ventures into toaster ovens, jet engines or nuclear power plants.

First, it was 1985 (although the deal closed the following year). Second, GE BANCORP didn't just buy NBC alone; it bought a TV manufacturer, a record company, a considerable government business, an appliance-service firm and other parts it has since spun or sold off. (See, what GE BANCORP bought USED to be called RCA, but some people forget.) Third, GE BANCORP largely got out of the hardhearted defense contracting business ages ago. Fourth, CONCAST is thinking of buying 51 percent of GOODTHINGS ENTERTAINMENT, not the whole thing as Tom cleverly implies. Fifth, it might be worth as little as $21 billion -- but who's counting all those assets? Sixth, GE BANCORP got rid of its toaster-oven (and other small-appliance) biz to Black and Decker, also ages ago.

Six errors in two grafs. Some people should stick with praising FOX!!!!!!!!!!!!! and blasting Naz -- conservatives.