Comcast (NASDAQ: CMCSA ) and General Electric's (NYSE: GE ) NBC has terminated the activities of its news division's EveryBlock.� A tersely-worded statement posted on the hyper-local news website's blog said that:
It's no secret that the news industry is in the midst of a massive change. Within the world of neighborhood news there's an exciting pace of innovation yet increasing challenges to building a profitable business. Though EveryBlock has been able to build an engaged community over the years, we're faced with the decision to wrap things up.
It did not elaborate on the reasons for the closure.
More Expert Advice from The Motley Fool
For GE, the recent financial crisis struck a blow, but management took advantage of the market's dip to make strategic bets in energy. If you're a GE investor, you need to understand how these bets could drive this company to become the world's infrastructure leader. At the same time, you need to be aware of the threats to GE's portfolio. To help, we're offering comprehensive coverage for investors in a premium report on General Electric, in which our industrials analyst breaks down GE's multiple businesses. You'll find reasons to buy or sell GE, and you'll receive continuing updates as major events unfold during the year. To get started, click here now.
No comments:
Post a Comment