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Microsoft, NBC Announcement Imminent

Microsoft Corp. and General Electric's NBC unit will announce plans to create an all-news cable network as early as tomorrow.

According to sources, Microsoft Corp. and General Electric's NBC unit will announce plans to create an all-news cable network as early as tomorrow.

However, according to a Microsoft spokesperson, a schedule for the announcement has not been set. The announcment will be made in New York City, sources said.

Microsoft officials declined to comment. Several analysts said a deal between the two companies to create a separate all-news cable network makes sense.