NATION

NATION
NBC, Universal merge
NEW YORK -- NBC clinched its big media prize Wednesday, completing a merger with the Universal television and entertainment businesses to create a major media conglomerate. NBC Universal will rival Time Warner Inc. and Viacom Inc. in industry clout by combining a top-rated TV network backed up by a major film and TV studio.
The new management lineup is heavy with NBC talent, starting at the top with NBC chief Bob Wright, who will be the chairman and CEO of the new company. NBC officials also will manage Universal's programming and the NBC network.
Associated Press