Could This Mean Johnny Miller Will Have To Work Weekdays?
/Thanks to reader Sam for this on the rumored merger of Comcast's cable holdings with a spun off NBCUniversal, a move that would surely impact the Golf Channel, the PGA Tour and maybe the LPGA Tour:
Comcast is currently in talks to merge its content arm, composed of cable channels such as E! and Versus, with NBC Universal after the entertainment company is spun off from its parent, General Electric ( GE - news - people ), according to a report on CNBC's Web site. (Comcast denied prior reports that it was buying NBC outright but has neither confirmed nor denied reports of the spin-off plan; NBC hasn't commented publicly.)
Under the reported scenario, General Electric would spin off NBC into a separate, publicly held company, with GE shareholders receiving shares of the new vehicle. Comcast would then turn over its cable channels, plus "as much as $7 billion in cash" in exchange for a 51% stake in the new company.
Anyone care to speculate on how this could impact the upcoming PGA Tour television contract negotiations? It would seem positive to me since Comcast has shown a great interest in golf...but what do I know?