Analyst Recommends GE-NBC Breakup in '08

ANALYST RECOMMENDS GE-NBC BREAKUP IN '08
[SOURCE: Associated Press]
JPMorgan analyst C. Stephen Tusa Jr. said in a note to investors on Thursday that the timing is right for General Electric Co. to consider a potential breakup to separate NBC Universal. Tusa said a systematic breakup of the business through several potential deals would create more value than a sale or spin-off of NBC. He recommended that a breakup of the assets should start "with the cash cow TV stations." Tusa said his analysis suggests that NBC may be valued at $45 billion in a break-up, which is $10 billion to $15 billion more than what is implied in GE's stock price.
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