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It has a significant presence in broadcasting through a portfolio of domestic and international properties, including terrestrial and pay television outlets.Via the Universal Parks & Resorts division, the company is also the third-largest operator of amusement parks in the world.
The following year, NBC announced an agreement with Microsoft to create an all-news cable television channel, MSNBC (using its subscriber base from America's Talking network).
In 2003, amid a major financial crisis caused by over-expansion, Universal Studios' parent company, Vivendi Universal Entertainment (a division of Vivendi), decided to sell an 80% stake to NBC's parent company, General Electric.
The sale and resulting merger formed NBC Universal.
This partnership continued throughout a number of name changes and changes of ownership.
NBC Universal Television has its modern roots in a series of expansions undertaken by NBC.
Originally, the NBC Universal logo was a combination of the NBC peacock logo and the Universal Studios globe and text.
The logo was redesigned by Wolff Olins on January 31, 2011 to reflect the new Comcast ownership NBC and Universal Television had a long-standing partnership dating back to 1950, when Universal Television's earliest ancestor, Revue Studios, produced a number of shows for NBC (although they would have some hits on the other networks as well).In 1999, NBC took a 32% stake in the Paxson group, operator of PAX TV.Five years later, NBC decided to sell its interest in PAX TV and end its relationship with PAX owner, Paxson Communications.Comcast subsequently owned 51% of NBCUniversal while GE owned 49%.Comcast intended to buy out the rest of GE's stake over the following seven years, but nothing happened until February 12, 2013, when Comcast announced its intention to complete the purchase all at once and assume 100% ownership of the company by the end of March.GE and US cable TV operator Comcast announced a buyout agreement for the company on December 3, 2009.