Financial Times FT.com

GE chief signals appetite for media assets

By Justin Baer, Kenneth Li, Francesco Guerrera and Andrew Edgecliffe-Johnson in New York

Published: November 16 2008 23:35 | Last updated: November 16 2008 23:35

Jeffrey Immelt has declared his interest in buying media assets in a sign that a slumping economy has not shaken General Electric’s confidence in its television and film business, NBC Universal.

Media stocks have plunged this year amid concern the financial crisis will weigh heavily on companies dependent on advertising revenue and consumer spending.

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