Re: Buying NBC

[dan.strassberg@att.net]

First, Karmazin would save CBS--that is, he'd keep it 
out of the hands of somebody he didn't like. Second, 
he'd get a shot at the presidency of GE. With his 
political acumen, he might even be able to ingratiate 
himself with Welch and become Welch's successor. I just 
don't think Mel has a clue about running a business as 
large and diverse as GE. Ultimately, he'd be out on his 
kiester, but probably with stock worth a billion 
dollars--or something close--to console him. And he'd 
soon enough be running another broadcasting company.
> There have been rumors of NBC buying CBS for over a year. I think the FCC
> would approve it. Last summer all of the networks petitioned the FCC to remove
> the ownership restrictions. What GE is looking for in any merger or
> partnership is controlling interest, because if this does move forward they
> will certainly keep their O&O stations and MSNBC and CNBC. 
> Don't understand what Mel is really getting. 
> 
> Mike

------------------------------