TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Vivendi Will Hold Onto NBC/Universal For The Time Being

zucker3.jpgVivendi has decided to abandon its sale of its 20% stake in NBC Universal, the Hollywood Reporter said.

One source told the Reporter that it may not be the right time to sell, but Vivendi is very pleased with NBC/Uni’s oversight.

That certainly wasn’t always the case. But now Vivendi has gone out of its way to praise NBC/Uni chair Jeff Zucker.

The media and telecom conglomerate has an annual option window that ends Friday. During that period, it can trigger a sale by notifying GE, which controls 80% of NBC Uni. The industrial conglomerate in turn can opt to buy those shares or let Vivendi sell up to $4 billion of them in the public market the following year.

Mediabistro Course

Personal Essay Writing

Personal Essay WritingStarting October 28, work with a published journalist to draft, edit, and sell your first-person essays! Jessica Olien will help you to workshop your writing so that it's ready to pitch to editors. You'll learn how to tell your personal story, self-edit you work to assess voice, style, and tone, and sell your essays for publication. Register now!