The New York Post's Terry Keenan makes solidish point

Who said the Post didn't know shit? It wasn't us but we're sure we've heard it before. Anyway in an article published Sunday on the Post's website, Terry Keenan explains why GE CEO Jeff Immelt could be talking out of his ass when it comes to NBC Universal. Immelt has been asked repeatedly over the last few months whether or not he will sell or spin off the media/entertainment unit which many say is the anchor on GE' stock. And Immelt has repeatedly said no. We were cool with his answer until of course the Post got all technical, but we have to admit we kinda agree. Installing Jeff Zucker as NBC Universal CEO could be Immelts last try at boosting the unit's performance and if this try fails, NBC Uni and Jeff Zucker could be shown the door. Is it any wonder that with a purported value of nearly $40 billion, there are suggestions Immelt would shed slow-growing NBC if he finds a better place to put GE's money? And why not? For all the negative ink generated by the unit, NBC/Universal remains a fairly insignificant part of GE's overall profit picture, accounting for about 13 percent of its net income - and falling in recent years. If re-insurance, advanced materials and plastics didn't make the cut under Immelt, why should NBC be spared? If NBC is spared if it doesn't live up to Immelt's expectations, then we have to believe that Immelt, secretly loves having a hand in Hollywood where he can rub elbows with some of the brightest. QUICK DRAW JEFF, GE BOSS' DENIAL [NYP]