Jack Says: "The word 'dump' is used! We didn't dump! We had a permit from the U.S. government and the State of New York to do exactly what we did. Do you think I'd come to work in a company that would do that or condone that? I wouldn't do it, Lesley! This is nuts!" -- Jack Welch's response to Lesley Stahl's question about GE's pollution of the Hudson River (CBS News Transcripts, 60 MINUTES, October 29, 2000) ....
NBC - now the centrepiece of NBC Universal - embodies the history of US commercial broadcasting and what critics have characterised as the media-industrial complex. It is currently controlled by the sprawling engineering and financial services conglomerate General Electric (GE).
Extra! November/December 1994Felons On The Air: Does GE's Ownership of NBC Violate the Law?NBC Brings Good Things to GEBy Sam Husseini
General Electric's ownership of the NBC TV network has been in the news in recent months. As Extra! went to press, companies like Time Warner, Disney, ITT and Turner Broadcasting have reportedly been negotiating to either buy NBC outright or enter into some kind of partnership with GE. But a little-noted aspect of communications law raises questions about GE'sownership of NBC's broadcast licenses -- and its ability to sell those licenses to another company.
General Electric's ownership of the NBC TV network has been in the news in recent months. As Extra! went to press, companies like Time Warner, Disney, ITT and Turner Broadcasting have reportedly been negotiating to either buy NBC outright or enter into some kind of partnership with GE. But a little-noted aspect of communications law raises questions about GE'sownership of NBC's broadcast licenses -- and its ability to sell those licenses to another company.
Shady Characters....
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