Despite the current economy, General Electric is still confident in its media business, with CEO Jeffrey Immelt declaring his interest in buying media assets during an interview with the Financial Times. Immelt says he plans to capitalize on bargains during the downturn. “There are going to be some opportunities on media consolidation, in infrastructure, oil and gas, aviation,” Immelt said. “And my hope is that we can play in some of those as time goes on.”
—Christopher Perez