NBC 'is not up for sale'
Wednesday 14 April 1993
In sharp contrast to the 'no comments' issued in the past when asked about merger speculation, NBC made available comments by Jack Welch, GE chairman, reassuring employees that the conglomerate had no plans to break up or sell the network.
NBC, which has slipped to third place in ratings for both entertainment and news, has been named as a likely merger partner for several Hollywood studios, including Paramount and Disney. More recently, there had been reports that GE planned to split the network, selling its entertainment division to Barry Diller, the former chairman of the Fox studio, or to the comedian Bill Cosby.
NBC is the odd man out within the big manufacturing conglomerate. It is GE's only media business and fails to meet Mr Welch's strategy of owning only market leaders. Its news division has also suffered a series of embarrassments, most notably when it was forced to admit it had used fake evidence in a report on General Motors' controversial pick-up trucks.
'NBC is not for sale,' Mr Welch told the employees. 'We've had lapses in judgement before in all kinds of businesses at GE. It's behind us.'
- 1 Sabrina Corgatelli: US hunting tourist posts picture of herself with dead giraffe after Cecil the lion outrage
- 2 Katie Hopkins reveals fear she will die during brain surgery to cure epilepsy
- 3 Edward Heath 'child sex abuse' allegation: Investigation to be held into Wiltshire police handling of alleged claim in the 1990s
- 4 Dutch King Willem-Alexander declares the end of the welfare state
- 5 Tom Cruise: Reporters banned from asking actor about Scientology
Katie Hopkins reveals fear she will die during brain surgery to cure epilepsy
Sabrina Corgatelli: US hunting tourist posts picture of herself with dead giraffe after Cecil the lion outrage
'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
Edward Heath 'child sex abuse' allegation: Investigation to be held into Wiltshire police handling of alleged claim in the 1990s
Dutch King Willem-Alexander declares the end of the welfare state
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Chris Leslie: Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Landlords renting properties to illegal immigrants to face up to five years in prison
Calais crisis: The seven claims made about the migrants - and the reality
iJobs Money & Business
£21000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
Up to 70k DOE: Guru Careers: We are seeking an experienced Financial Director ...
£11000 - £50000 per annum: Recruitment Genius: This financial company offer ma...
competitive + incentives + uncapped comms: SThree: Did you know? 98% of our di...