Yahoo! News: NBC Universal is an 'important' part of GE
From Yahoo! News:
(Please follow the link for the complete article.)
Zucker: NBC Universal is an 'important' part of GE
By JEREMY HERRON, AP Business Writer Fri Jul 11, 2:38 AM ET
SUN VALLEY, Idaho - General Electric has no plans to sell its NBC Universal media unit even as the conglomerate moves forward with spinning off slower-growing businesses, NBC Chief Executive Jeffrey Zucker said Thursday.
GE Chairman and CEO Jeff Immelt "has made it clear that NBC-U is an important part of the GE portfolio," Zucker told The Associated Press at the annual Allen & Co. media conference at this mountain resort.
**snippage**
The company is also expected to bring in more than $1 billion in advertising revenue during the two-week broadcast of the Summer Olympics from Beijing. NBC networks also include USA Network, Bravo, SciFi, CNBC and MSNBC.
GE shares traded up 45 cents at $27.64 Thursday afternoon, near the low end of their one-year range of $26.15 to $42.15.
(Please follow the link for the complete article.)
Zucker: NBC Universal is an 'important' part of GE
By JEREMY HERRON, AP Business Writer Fri Jul 11, 2:38 AM ET
SUN VALLEY, Idaho - General Electric has no plans to sell its NBC Universal media unit even as the conglomerate moves forward with spinning off slower-growing businesses, NBC Chief Executive Jeffrey Zucker said Thursday.
GE Chairman and CEO Jeff Immelt "has made it clear that NBC-U is an important part of the GE portfolio," Zucker told The Associated Press at the annual Allen & Co. media conference at this mountain resort.
**snippage**
The company is also expected to bring in more than $1 billion in advertising revenue during the two-week broadcast of the Summer Olympics from Beijing. NBC networks also include USA Network, Bravo, SciFi, CNBC and MSNBC.
GE shares traded up 45 cents at $27.64 Thursday afternoon, near the low end of their one-year range of $26.15 to $42.15.
