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Immelt: 'Good days ahead' for NBC Uni


December 13, 2007 General Electric chairman and CEO Jeff Immelt showered NBC Universal with more love Wednesday, again shooting down persistent chatter that the conglomerate could sell its entertainment arm. "The company is worth more with NBC as part of it than it would be without NBC," Immelt said on morning show "Squawk Box" on CNBC, which is part of the entertainment arm. Immelt also highlighted that NBC Uni "in its worst year had 18% operating profit margins and participates in a big global market that has good opportunities for growth."

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