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G.E.\'s Immelt: NBC Not For Sale

G.E.'s Immelt: NBC Not For Sale

New York Times   |  Bill Carter   |   March 11, 2008 10:07 AM

Read More: Ge, GE Annual Report, General Electric, Jeff Zucker, Nbc, NBC Sale, NBC Universal, Olympics, Breaking Business News
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Now hear this: NBC Universal is not for sale. No how, no way.

Jeffrey R. Immelt, left, the chairman of General Electric, and Jeff Zucker, the president of NBC Universal.

Looking to squelch persistent rumors, Jeffrey R. Immelt, the chairman of General Electric, plans to make his most definitive statement yet about his company's chief media asset.

"Should we sell NBCU? The answer is no!" Mr. Immelt writes in a message for investors in G.E.'s 2007 annual report, to be released Wednesday. "I just don't see it happening. Not before the Olympics, not after the Olympics. It doesn't make sense."

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- ibsteve2u I'm a Fan of ibsteve2u permalink
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Too good a mouthpiece in this post-Jack Welch, "Gee, we're Green!" era...

    Favorite    Flag as abusive Posted 10:54 AM on 03/11/2008
- ibsteve2u I'm a Fan of ibsteve2u permalink
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Oh, and their MSNBC unit - especially their web RSS feed for "Stocks and Economy" - is too wonderfully useful for putting out every single positive-sounding economic headline they can find.

Its all about the stock price, ya know.

    Favorite    Flag as abusive Posted 11:09 AM on 03/11/2008
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