Thursday, November 26, 2009

NBC for sale?

General Electric, parent of NBC Universal (with properties MSNBC, CNBC, etc.), is apparently looking to sell its network media asset. A potential suitor is Comcast, with GE CEO Jeffrey Immelt negotiating with Vivendi on a fair valuation and exit strategy.

Perhaps GE Financial Network--er...CNBC will now have a more neutral, balanced view on markets.

The larger question is how GE will remain solvent as it is forced to unload valuable assets. NBC is not the problem--the toxic mortgage loan portfolios on its book are.

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