General Electric won't sell NBC Universal
From The Canadian Press:
http://canadianpress.google.com/arti...gNBodAJm__7UEA
(Please follow the link for the complete article.)
GE chief executive says in annual report company won't sell NBC Universal
6 hours ago
FAIRFIELD, Conn. — The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division.
Jeff Immelt, in a message to investors in GE's annual report to be released Wednesday, called NBC Universal a "great example of a business that becomes more valuable as its market evolves."
"Should we sell NBCU? The answer is no! I just don't see it happening, not before the Olympics, not after the Olympics," he said. "It doesn't make sense."
**snippage**
Besides the NBC broadcast network, NBC Universal's other networks include Telemundo, USA Network, Bravo, and the SciFi Channel. It also owns the Universal Pictures movie studio and operates Universal Studios theme parks.
http://canadianpress.google.com/arti...gNBodAJm__7UEA
(Please follow the link for the complete article.)
GE chief executive says in annual report company won't sell NBC Universal
6 hours ago
FAIRFIELD, Conn. — The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division.
Jeff Immelt, in a message to investors in GE's annual report to be released Wednesday, called NBC Universal a "great example of a business that becomes more valuable as its market evolves."
"Should we sell NBCU? The answer is no! I just don't see it happening, not before the Olympics, not after the Olympics," he said. "It doesn't make sense."
**snippage**
Besides the NBC broadcast network, NBC Universal's other networks include Telemundo, USA Network, Bravo, and the SciFi Channel. It also owns the Universal Pictures movie studio and operates Universal Studios theme parks.
