Just as rumors emerged last week that Comcast was making a move to purchase NBC Universal--one that Comcast executives denied was ever in the cards--Time Warner said that they don't have any plans to launch a bid for the company either. If Comcast does decide to pursue NBC Universal it would at least not have to deal with Time Warner as a potential rival bidder.
During a conference held last Friday in Washington, D.C., Jeff Bewkes, Time Warner's CEO, said acquiring the NBC Universal assets aren't really a fit. NBC Universal does have some attractive cable networks such as NBC network, Universal Pictures, as well as Universal theme parks, Telemundo and cable channels including Bravo, USA Network and CNBC. However, Time Warner, which currently owns HBO, CNN and other networks, just does not see the viability in buying these networks.
While Comcast continues to deny any such deal is in the works, the potential benefits of such a purchase could mean that viewers could potentially get access to a wider range of movies and TV shows via video on demand and Internet-based video through NBC Universal.
For more:
- CED via Associated Press has this article
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