CNBC “A Good Growth Business” For NBCU

By Brian 

I missed this on Tuesday — Jeff Immelt continues to signal confidence that CNBC will remain a good business for NBC Universal even when News Corp. launches its Fox Business Channel. THR has the quote:

“Rupert is a successful guy, and I respect everything he does. But … CNBC is a very valuable asset to GE and to NBC Universal. And we will absolutely feel great about our position, and we think that this is going to be a good growth business … we believe in the long-term growth and health of CNBC.”

Advertisement
Advertisement