Business Services Industry
NBC Completes Acquisition of Most Vivendi Universal Entertainment Assets.
Knight Ridder/Tribune Business News, May, 2004
By Greg Hernandez, Daily News, Los Angeles Knight Ridder/Tribune Business News
May 13--NBC formally acquired Vivendi Universal on Wednesday, putting the newly christened NBC Universal on equal footing with The Walt Disney Co. and Viacom Inc. as a media monolith crossing television, cable and film.
At a news conference held at NBC's Studio 8H in New York, upbeat executives touted everything from last week's stellar ratings for the finale of NBC's "Friends," to the box-office grosses of Universal Pictures' "Van Helsing," to improved theme-park attendance. And leaders projected that the company will reach $15 billion in revenues in 2005.
"We head into this new era primed for growth because both NBC and Universal are operating at the top of...
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