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Is Jeff Immelt and his GE board losing patience with NBC Uni already?

Published: Thursday, April 12, 2007

-LENNOX

Is newly installed NBC Universal CEO Jeff Zucker about to be pressured by the GE board? Is the GE board expecting overnight miracles? According to the sporadic Media Biz column on CNNmoney.com, when GE reports its first-quarter earnings on April 13, all that spur of the moment stuff Jeff Immelt said about NBC back in January, may turn out to be just that, talk.
Immelt promised investors in January that profits at NBC Universal in the first quarter would be in a range of flat to up 5 percent from a year ago and that revenues would be unchanged compared to last year after excluding the impact of the Olympics in the first quarter of 2006.

"You look at GE and there are a lot of good things that are going on with the company, but NBC is one of the weakest divisions. We would love to see GE put NBC up for sale," said Mike Gandrud, a senior analyst with Johnson Asset Management.

Immelt refuted speculation in February that GE was looking to sell NBC Universal.

So is that funny smell lingering in the air, private investors waiting on the side lines for Immelt to hang a for sale sign around the Peacock's neck?

Labels: GE, JeffImmelt, JeffZucker, NBCUniversal

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