by KRYSTLE MANINTVELD
Over the last decade, dozens of media mergers and purchases have resulted in a media industry controlled by a handful of companies—and the cable giant Comcast wants to be one of them.
After a failed attempt to purchase Disney in 2004 for $66 billion (Inter Press Service, 3/20/04), Comcast offered to take over NBC Universal for the bargain price of $30 billion—which would buy a 51 percent controlling interest from General Electric, with the expectation of acquiring the remaining stake over the next seven years (Globe and Mail, 12/3/09).
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