Zucker: No GE Plans to Unplug NBCU

NBC Universal CEO Jeff Zucker: General Electric has no plans to sell off division.

By B&C Staff -- Broadcasting & Cable, 7/11/2008 7:30:00 AM

NBC Universal CEO Jeff Zucker emphatically told AP that parent General Electric has no plans to sell off his division, as GE separately will unload its giant consumer-products business.

Zucker said GE chairman and CEO Jeff Immelt “has made it clear that NBCU is an important part of the GE portfolio,” and the July 6 deal for NBCU to lead a $3.5 billion buy of The Weather Channel underscores that commitment.

“In the past 12 months, GE has been incredibly supportive,” Zucker said in side comments Thursday while attending the annual Allen & Co. media conference.

“There’s no question that consumer-facing businesses are struggling right now,” he added. “I think it'll hold up pretty well for us, and the flip side is that we're making acquisitions.”

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author

Zucker looking like a lock to head new Comcast-GE venture

11/10/2009

Zucker to stay at NBCU under Comcast reign, reports say

10/12/2009

NBC Universal Unaffected by GE Reorg

07/26/2008

NBCU's Comstock Back to GE, Duties Funneled to Other NBCU Execs

03/03/2008

Communacopia: Hulu Partners Eye Subscription Model

09/14/2009

Also by this author

• 'Wanda Sykes' Off to Good Start

• Editorial: Owning Up

• Disney TV Animation Taps Gamble

• Editorial: Keeping Your Promise

• 'American Dad' Gets Sixth Season

Also by BCST Staff

Product Wire

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• TrylonSMR

  

  At Trylon SMR, we are dedicated Public Relations professionals solely serving clients in the media, technology, telecommunications, and related industries. We understand the specialized types of audiences our clients need to reach and the best... more

• Telestream

  

  Telestream products are used by the world's leading media and entertainment companies and corporations for transcoding and workflow automation. Telestream helps customers transform their media for multiplatform distribution to web, mobile, DVD... more

• Akamai

  

  Akamai provides market-leading managed services for powering rich media, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been adopted by the world's most... more

• JVC

  

  JVC U.S.A. is a division of JVC Americas Corp., a wholly owned subsidiary of Victor Company of Japan, Limited. JVC is a leading developer and manufacturer of sophisticated audio and video products that use superior technologies to deliver high... more

---

Most Recent Resources

• Robust Encoding, Transcoding and Streaming Systems – Critical...
• Simultaneous Multi-Format Encoding for Efficient Content Repurposing
• Broadband Services: The Turning Point
• Digital Lifestyles and the Service Provider
• IPTV and the Digital Home