Wednesday, July 09, 2008

What Will Be The Fate Of NBC Universal After The Olympics?



(image via nymag)

The Is-GE-Goint-To-Sell-NBC Universal talk has been going on for some time with speculation concentrated on the aftermath of the Olympics. Needless to say, Jeff Zucker -- and his fate -- is the center of a lot of chatter at Sun Valley at Herb Allen's annual retreat-confab this week. From Peter Lauria of The NYPost:

"'Zucker's made it pretty clear that he's looking to do deals and remake NBC's overall approach,' said one source, who will be at the conference and plans on talking with Zucker.

"Sources have said that General Electric CEO Jeffrey Immelt is being coy when he says that NBC isn't for sale. While Immelt might be opposed to an outright sale of NBC because of the large tax hit GE would take, sources said they think he's interested in exploring a merger or spin-off - with Time Warner and Liberty Media mentioned most often as the likely suitors.

"However, Zucker himself threw cold water on that notion earlier this week when on CNBC he said he doesn't see either a sale or spin-off in NBC's future.

"Nevertheless, Time Warner CEO Jeff Bewkes and Liberty Media's John Malone are expected to be in Sun Valley this week, and the betting is they'll be talking with Zucker."


More here.

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