Dr. Malone Gives Comcast-NBCU a Checkup

5:20 PM Liberty chief and renowned dealmaker says purported Comcast-NBCU hookup looks like a 'heavily-engineered' custom job

Jeff Baumgartner, Senior Editor

November 23, 2009

1 Min Read
Dr. Malone Gives Comcast-NBCU a Checkup

5:20 PM -- Liberty Media Corp. (NYSE: LMC) chief and renowned dealmaker John Malone weighed in today on a purported deal that would allow Comcast Corp. (Nasdaq: CMCSA, CMCSK) to take control of NBC Universal and give the nation's largest cable MSO a massive content play. (See Keeping Up With Comcast and Does Comcast Have Eyes for NBCU? )

Today during an interview with CNBC's David Faber, Malone said the Comcast-NBC deal appears to be "heavily engineered" and "obviously was custom-tailored for both sides' needs." Sounds like Dr. Malone, who helped engineer the $36 billion sale of Tele-Communications Inc. (TCI) to AT&T Inc. (NYSE: T) back in 1998, is either proud of what cable friends at Comcast are trying to pull off… or just a bit jelly that they sought out the terms first.

The interview is below, but Malone stressed that NBC's broadcast affiliates may hold the cards on what demands will be made on Comcast to get a deal sealed without a big fight. "There's just too many advertising-driven businesses in the local marketplace to be viable, given the siphoning off of revenue that the Internet has represented" he said.

— Jeff Baumgartner, Site Editor, Cable Digital News

About the Author(s)

Jeff Baumgartner

Senior Editor, Light Reading

Jeff Baumgartner is a Senior Editor for Light Reading and is responsible for the day-to-day news coverage and analysis of the cable and video sectors. Follow him on X and LinkedIn.

Baumgartner also served as Site Editor for Light Reading Cable from 2007-2013. In between his two stints at Light Reading, he led tech coverage for Multichannel News and was a regular contributor to Broadcasting + Cable. Baumgartner was named to the 2018 class of the Cable TV Pioneers.

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