LA Biz Observed
 
Bio • Email • Archive
 

 

As could be expected, Jeff Zucker's promotion to CEO of NBC Universal has led to chatter about whether GE Chairman Jeff Immelt is committed to holding onto the media giant, a business quite different from making jet engines and refrigerators. Citing a source close to the company, the NY Post reports that NBC Universal might not be in GE's long-term plans. Adding a little fuel to the speculation was outgoing CEO Bob Wright, who told the Post that "if the business doesn't have good prospects, as with any business within GE, it is going to come under a lot of scrutiny." With Wright staying on as vice chairman at GE, such comments hardly sound like an endorsement. One thing apparently not in the cards - at least based on the Post reporting - is taking NBC public. Though Wright might be interested, Immelt isn't.


> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
6:50 PM Thu | Largest crowd for a Walk of Fame star ceremony that many could remember, outside the Capitol Records tower on Thursday. Photo by Gary Leonard.