PWInsider - WWE News, Wrestling News, WWE

 
 

COMCAST BECOMES EVEN MORE IMPORTANT TO WWE

By Dave Scherer on 2013-02-12 18:02:51

With the potential WWE Network getting closer to fruition, Comcast, the largest cable company in the US, announced today that they are buying General Electric's 49% interest in NBC Universal for $16.7 billion dollars. Comcast had planned to buy out GE down the road, but cited low borrowing costs to do the deal now at what Comcast CEO Brian Roberts called a "very attractive price."

Of course, NBC Universal airs Raw and Smackdown on its USA and SyFy networks. Comcast carrying the WWE Network, provided it's a cable channel and not an internet entity, is vital to the venture having a chance at succeeding.  

If you enjoy PWInsider.com you can check out the AD-FREE PWInsider Elite section, which features exclusive audio updates, news, our critically acclaimed podcasts, interviews and more, right now for THREE DAYS free by clicking here!

Partner of USA Today Sports Media.