Media Titans Gather In Sun Valley
July 9, 2008 at 5:08 AM (PT)
In what's certain to be an unfamiliar role for him, NBC UNIVERSAL boss JEFF ZUCKER is expected to be the popular guy at the annual ALLEN & CO. media conference in SUN VALLEY, ID, which officially kicks off TODAY, writes PETER LAURIA in THE NEW YORK POST. No big radio deals are expected, but sources said ZUCKER will be as sought after, as YAHOO! CEO JERRY YANG is on the dealmaking front, mainly because many of the entertainment and banking titans attending the confab plan on bending his ear about a merger or other combination with NBC or about off-loading some assets to the network.
"ZUCKER's made it pretty clear that he's looking to do deals and remake NBC's overall approach," said one source, who will be at the conference and plans on talking with ZUCKER.
Sources have said that GE CEO JEFFREY IMMELT is being coy when he says that NBC isn't for sale. While IMMELT might be opposed to an outright sale of NBC because of the large tax hit GE would take, sources said they think he's interested in exploring a merger or spin-off -- with TIME WARNER and LIBERTY MEDIA mentioned most often as the likely suitors.
Sources also said ZUCKER is looking to do a strategic deal with Spanish-language network TELEMUNDO.