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 East 17 bandmember Brian Harvey in 'very desperate situation’
- 2 Germanwings plane crash: Video shows co-pilot Andreas Lubitz learning to fly as a teenager
- 3 Vladimir Putin says Russia will fight for the right of Palestinians to their own state
- 4 Germanwings crash: Captain of doomed plane was only 'on board because he changed job to spend more time with his children'
- 5 WrestleMania 31 results: Seth Rollins stuns WWE as he cashes in Money in the Bank contract to claim title from Brock Lesnar
East 17 bandmember Brian Harvey in 'very desperate situation’
Vladimir Putin says Russia will fight for the right of Palestinians to their own state
Ohio Democrat Teresa Fedor speaks out during abortion debate to reveal she has been raped – and is interrupted by laughter from Republicans
Children take eight Isis captives to be beheaded in latest propaganda video
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
iJobs Money & Business
£20000 - £35000 per annum: Recruitment Genius: This multi-award winning foreig...
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...