In selling a controlling stake to Comcast Corp. in 2011, General Electric Co. began to unravel part of the legacy of former Chairman Jack Welch. In 1986, he had bought RCA and NBC to help his industrial conglomerate get a reliable source of cash while overseas manufacturing competition loomed.Under Comcast, NBC did better than expected during last summer's Olympics and began showing clear signs of a comeback, improving ratings after nearly sliding into irrelevancy over the previous decade.
Broadcasting Pioneer NBC Has Long, Storied History
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts