By Robert Marich -- Broadcasting & Cable, 9/28/2008 8:00:00 PM
Wall Street's credit crunch pulled down NBC Universal's parent as General Electric lowered its full-year financial guidance to investors last week. It said it will suspend its stock buyback and likely not raise its dividend for the first time in 32 years.
GE said its media business—meaning NBCU—is posting "excellent performance" in operations. "In our media business, the Beijing Olympics were an unqualified success in all respects for NBCU, and cable ratings remain very positive," GE chairman and CEO Jeff Immelt said in a statement.
MSNBC launches in high definition June 29 following major overhauls to its New York City control room and Washington D.C. studio. View images of the new control room and screenshots of the new HD picture for dayside programming. (Photos courtesy of NBC Universal)
In this week's edition of B&C TechTalk, senior editor Glen Dickson discusses Fox News Channel, which this week became the first U.S. cable news network to go fully widescreen for both HD and SD distribution.
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