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NBC's Zucker looking at spin-offs, deals: report
July 9, 2008 / 9:18 AM / 9 years ago

NBC's Zucker looking at spin-offs, deals: report

(Reuters) - NBC Universal Chief Executive Jeff Zucker is looking to spin off or sell some of the company’s assets when he attends a media conference, the New York Post reported on Wednesday.

<p>Jeff Zucker, president and the Chief Executive of NBC Universal arrives at the Paley Center for Media Los Angeles Gala honoring NBC's Zucker and Dick Ebersol in Los Angeles November 12, 2007. REUTERS/Fred Prouser</p>

“Zucker’s made it pretty clear that he’s looking to do deals and remake NBC’s overall approach,” the newspaper cited a source, who will be at the Allen & Co media conference, as saying.

One banking source close to NBC told the paper the company is interested in exploring deals for its television stations, theme parks, Ion TV network and Shop NBC.

NBC, Walt Disney Co and Hearst Corp may also talk about ways to simplify, through some sort of buyout, the complicated ownership structure the three companies share in cable networks A&E and History, the source said.

NBC has tried for years to gain control of those channels, but has come up short, the Post said citing sources familiar with the situation.

NBC Universal, which is part of General Electric Co, along with private equity firms Bain Capital and Blackstone Group purchased The Weather Channel from Landmark Communications earlier this week.

The 25th annual Allen & Co media conference commences in Sun Valley, Idaho on Wednesday.

NBC Universal could not be immediately reached for comment.

Reporting by Ajay Kamalakaran in Bangalore; Editing by David Holmes

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