Date: 10 Jun 2000 07:57:32 -0000

There is 1 message in this issue.

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1. USSW: GENERAL ELECTRIC AND WESTINGHOUSE ELECTRIC SWAP TELEVISION

Message: 1

This article is given to illustrate corporate and media collusion and the fact that the public does not have access to unbiased information.

General Electric and Dow Corning jointly owned the silicone patent. General Electric was a supplier of silicone to several breast implant manufacturers. General Electric owns NBC. It's 96 yearold friend, Westinghouse Electric owns CBS. All three, NBC, CBS, and ABC are in a joint venture together.

The American Public Citizen has not been receiving unbiased information. They own other telivision affiliates and radio affiliates. Disney Productions recently purchased ABC. From General Electric's own stockholder's "state of the company" in Standards and Poors, page 8107: NBC Agrees to Exchange Certain Broadcast Stations and Assets with CBS: On November 21, 1994, CBS Inc. (CBS) and the National Broadcasting Co., Inc. (NBC) announced that they agreed to exchange certain television broadcast stations and assets in Denver, Miami, Philadelphia and Salt Lake City. Under the agreement, NBC will acquire CBS's owned television station WCAU-TV Philidelphia and CBS will acquire NBC's owned television station KCNC-TV Denver. CBS also will receive $30 million in cash from NBC in that exchange. CBS will acquire KCNC on behalf of its joint venture with Westinghouse Broadcasting Co. (Group W.) In Miami, NBC and CBS will exchange their current elevision broadcast towers and channel positions, after which NBC's owned television station in Miami (WTVJ-TV) will be broadcast over Channel 6 andCBS's owned television station (WCIX-TV) will be broadcast over Channel 4. CBS also will acquire, on behalf of the joint venture, television station KUTV-TV Salt Lake City, following closing of NBC's pending acquision of that station. The joint venture will pay $124 million in cash and the assumption of KUTV-TV obligations to acquire the station from NBC.

Upon the closing of these transactions, the stations and assets acquired by CBS will become owned by the joint venture between CBS and Group W. Also, at that time, CBS's owned station in Miami and Group W's owned station in Phildelphia (KYW-TV) will be owned by the joint venture. Under terms of the joint venture arrangements, Group W will control the operation of the stations owned by the venture, and each of those stations will be affiliated with the CBS Television Network. NBC will be affiliated with WCAU-TV in Philidelphia and will continue to own and be affiliated with WTVJ-TV in Miami. NBC also announced that its new affiliate in Denver will be Gannett Co.-owned station KUSA, Channel 9, and that it also is negotiating a long-term affiliation agreement with KSL-TV, Channel 5, in SaltLake City. Changes in NBC affiliations will take place upon the closing of the overall transactions. NBC is a subsidiary of General Electric Co.(GE), and Group W is a subsidiary of Westinghouse Electric Corp. (WX). GE American Communications is a subsidiary of General Electric. GE American Communications Inc., announced that it acquired the GTE Spacenet subsidiary of GTE Corp. (GTE). The assets acquired include all of Spacenet's communications satellites, foreign and domestic operations. In addition, it includes the former GTE Spacenet Very Small Aperture Terminal business.

networks are satelitte-based networks that link multiple locations. GECapital Modular Space, a subsidiary of General Electric Capital Corp purchases Space Rentals Business from ATCO, Ltd. GeneralElectric Capital Corp reached an agreement also to acquire 80% interest in Kaufhof Holding AG, (Kauhof's Service Bank), which operates 36 branches in Kauhof department stores, consumer financial services, finance and insurance and also issues the YESS credit card.