Keith Olbermann's (Cable Networks DeathWatch™)

http://thecablegame.blogspot.com/2008/11/keith-olbermann.html ^ | , November 17, 2008 | Cable Gamer

[Kevin J waldroup]

By all accounts, except maybe his own, General Electric CEO Jeff Immelt has been a failure. I mean, the stock is down at 16, down from 40 just two years ago.

But things might be looking up for the I-man, thanks to Uncle Sam. As first reported in The Wall Street Journal, as as noted here at TCG two weeks ago--and now all over--GE is now lining up to receive the benefit of a $139 billion federal loan guarantee for its subsidiary, GE Capital--which is to say, GE is getting a subsidy. And of course, if GE gets a subsidy, then so does every subset of GE, including the news networks NBC, CNBC, and MSNBC.

Immelt and his GE team, including NBC-Universal prexy Jeff Zucker, have no obvious ability to run a media operation, as indicated by the sharp decline in NBC's election-night coverage. Although much-smaller MSNBC was up, which perhaps

But now Immelt is saying that he wants to do more media, telling The Financial Times, "There are going to be some opportunities in media consolidation."

But maybe the situation is more serious: One blogger, James Quinn, writing for writing for The Cutting Edge, asks bluntly, "Could General Electric Collapse?" and answers with a ream of data:

One look at GE’s balance sheet will convince an inquirer that the firm indeed does not deserve an AAA rating. AAA companies do not need to take the desperate actions that GE has taken in the last few months. Something is seriously wrong at GE.

[Deb]

Unfortunately, if GE goes down so do most of our military and space programs. On the GE pie graph the media slice is so tiny it takes an arrow to find.

Jack Welch needs to come home and save his company.

[Steely Tom]

I thought GE's concerted strategy of spinning off all that icky manufacturing and high-tech stuff, and transforming itself into a financial services company, was going gangbusters. I don't understand this. Must be a failure of the free market; those stockholders are not making the right decisons with their money.

By the way, I was walking back to my car after visiting our local university, and while walking through a campus parking lot, I passed a car that had an Obama sticker on it's rear bumper, and next to it, a Keith Olbermann bumper sticker. I kid you not. It said MSNBC Keith Olberman and it had a little picture of the great man.

[happygrl]

More fallout from the repeal of Glass-Steagal.

Thank you Democrats.

[TenthAmendmentChampion]

ping

[G Larry]

“..if GE goes down so do most of our military and space programs.”

Nah.....
Others will simply buy the pieces at bargain prices.
...assuming that ANY military and space program get funded by the new admin.....

[vietvet67]

The real Olberman would have looked better on the bumper.

[timestax]

[timestax]

bump

[Deb]

It really breaks my heart to see what NBC has turned into. Brandon Tartikoff is spinning.

[timestax]