Zucker: GE Selling NBC, Not!
July 11, 2008 by Bill Sobel
Filed under Companies
Jeff Zucker, the bottom of the media moguls (based alphabetically of course) spoke this week about all the rumors that GE is considering spinning off or selling NBC Universal.
-Bill
The Jeff Squad
Zucker: NBC Universal is an ‘important’ part of GE
7/11/2008, 2:38 a.m. EDT
By JEREMY HERRON
The Associated Press
SUN VALLEY, Idaho (AP) — 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.
Earlier Thursday, GE announced it wants to spin off its iconic lighting and appliance businesses in a move to reshape the Fairfield, Conn.-based company’s portfolio of industrial, financial and media assets. Last year, GE shed its underperforming plastics business by selling it to a Saudi Arabian company for $11.6 billion
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