The New York Times was given an early peek at chairman/CEO Jeff Immelt’s message to investors contained in GE’s 2007 annual report to be released on Wednesday. Turns out the bossman addresses all those NBC Universal-is-for-sale-after-the-Olympics rumors. “Should we sell NBCU? The answer is no!” Immelt writes. “I just don’t see it happening. Not before the Olympics, not after the Olympics. It doesn’t make sense.” Do I believe him? Well, I know the Hollywood folks parented by GE have long insisted they don’t hear sale talk coming from Immelt. But Big Media barons lie when their lips are moving. I presume Immelt’s hand (or his ghostwriter’s) was typing.
A Denial Is A Denial Is A Denial. Or Is It?
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