Immelt Says News Corp Units "Made Up" Stories Of Nbc Sale
GE Chairman and CEO Jeff Immelt has branded speculation that his company might sell NBC Universal as "made-up, stupid drivel." Immelt's remarks were reported Thursday in the online edition of Fortune magazine, which noted that the speculation about a possible sale had originated with News Corp's New York Post and FoxNews.com. Speaking to NBC employees at their headquarters in Rockefeller Center who had gathered to welcome Jeff Zucker as their new CEO, Immelt acknowledged that the network was "going through change." However, he said, "I'm more convinced than ever before that NBC Universal is going to be a terrific contributor to GE investors. ... I don't know how to be clearer. We're here to stay and here to play."