Time Warner Nixes NBCU Merger Idea

A top Time Warner executive threw lukewarm water Wednesday on any possible merger or alliance with NBC Universal. Questions about the future of NBC (now NBCU) within General Electric have percolated for at least a decade now, but the likelihood of a divestiture remains slim. Time Warner Executive Vice President and CFO John Martin said his company has not "heard anything that they would be interested in selling or be open to a potential strategic alliance."