Zucker: Cable networks are NBC's 'backbone'

All those people concerned about how Comcast (Nasdaq: CMCSA) will control an over-the-air broadcast network when it acquires NBC Universal might want to refocus their attention a bit. The big value--as Comcast execs have hinted--is not the broadcast network, it's the cable networks like Bravo and USA that NBC has nurtured.

"The backbone of this company is our cable networks. If we didn't have the NBC (broadcast) network people would think we were the best entertainment company," said Jeffrey Zucker, NBCU's president and CEO, speaking to students at the University of Pennsylvania's Wharton School of Business in Comcast's Philadelphia hometown, when he extolled the value of content and the threat that upstarts like Hulu and Netflix pose to NBC's current model.

"It's about balance," he said. "We need to experiment but we also need to protect the foundational models on which NBC was built."

For more:
- see this story

Related articles:
Leno could be victim of Comcast-NBCU merger
Comcast lobbying push may tack on $100 million to NBC Universal acquisition
Is Hulu a threat to Netflix? Maybe, but it's more likely a challenge to TV Everywhere

Suggested Articles

Alan Wolk, co-founder and lead analyst at TV[R]EV, dissects MVPDs' embrace of streaming rivals and Discovery's streaming future.

YouTube TV said beginning Feb. 29 it will no longer carry Sinclair’s regional sports networks.

Discovery, Inc. is in the early planning phases of launching a streaming video service that aggregates IP from all its brands.