Immelt bearish on analog biz

November 02, 2006 The top exec at the energy company offered a dim view of its broadcast business in a closed-door, town-hall meeting Wednesday with employees at GE-owned cable business channel CNBC's headquarters in Englewood Cliffs, N.J. There is no doubt about it, Immelt said, according to excerpts of his remarks obtained by The Hollywood Reporter. In Immelt's candid talk at 10 a.m. EST, he touched on a variety of issues affecting NBC Universal in the wake of layoffs announced last month.

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