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LABJ Poll
What do you think about increases in parking fines and traffic tickets, plus more red light cameras?
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  That's OK. Just obey the law.
  No. Higher fines and increased enforcement are becoming too costly for too many people.
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Vivendi in Talks to Unload NBC Stake

General Electric Co. and Vivendi SA are about $500 million apart in talks over what Vivendi should be paid for its minority stake in television and movie company NBC Universal, according to people familiar with the matter.

That stake is a key element in a potential deal that could give U.S. cable operator Comcast Corp. control of NBC Universal, and eventually usher GE out of the entertainment business. GE currently owns 80 percent of NBC Universal and Vivendi has 20 percent.

For months, GE and Comcast have been discussing a potential tie-up involving NBC Universal. In the deal being considered, Comcast would pay cash and merge its cable networks with NBC Universal for a 51 oercent stake in the enlarged company, according to people familiar with the talks.

Vivendi has power in part because of rights it received as part of the 2004 deal to create NBC Universal.

Read the full Wall Street Journal story.


  February 8 - 14, 2010
LA Business News
Convention-al Appeal
New downtown hotels and a bustling L.A. Live scene are hailed as big convention business boosters.
Owner Back in the Saddle at Santa Anita Race Track
A deal with creditors will allow owner Frank Stronach to hold on to the reins of Santa Anita Park.
Unions Dropping Anchor in Long Beach?
The Port of Long Beach’s use of project labor agreements may maroon nonunion contractors.
Local Latinos Make Chinese Connection
A contingent of Latino officials from L.A. cities overcame culture clash on a recent trip to China.
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