Now that Brian Roberts is in charge, we bet Jeff Immelt doesn’t feel as tense when he says stuff like this.
MediaPost: General Electric CEO Jeff Immelt said Tuesday that NBC Universal will lose an estimated $200 million on the February Olympics. GE is “counting on a tough economy around the Olympics,” Immelt said.
“It’s just a tough time for an event like that,” he said, referring to the Olympics as a “no-margin” business.
NBCU would post an operating profit increase in 2010, Immelt said, but the Winter Olympics will instead bring a decrease.