Jeff Immelt Forcing Boycott on Companies Asking Tough Questions
That's when, sources inside and outside Nielsen Business Media tell me, GE Chairman Jeff Immelt ordered a GE company-wide ban on all of THR's parent company: advertising, editorial, the works. After a few days, the ban was reduced to GE's NBC Universal against Nielsen Business Media's The Hollywood Reporter and lasted six weeks. (My NBC Universal sources believe the ban was lifted yesterday.) My reporting is the first about the ban or what led to it. "People need to know that GE is using its media arm to stifle coverage about its company, and this is coming from Immelt and Zucker," a Nielsen Business Media insider said.
Since taking over from Jack Welch, Immelt has destroyed massive shareholder value for the iconic GE. He has also turned the NBC brand name into a laughingstock for its parody-type coverage of Obama and his policies. And his answer is to blame companies that report on tough qeustions from shareholders? Immelt needs to be fired.