A Candid Admission

Speaking candidly,NBC Universal CEO Jeff Zucker admitted that its theme parks are suffering from the weak U.S. economy.Attendance and DVD sales are not what they've been.Nonetheless,box office and T.V. advertising are still strong.The video content on recently-acquired Hulu is premium,quality content,so advertisers are supporting it-unlike YouTube,Mr.Zucker stated.As for the parent corporation,Mr.Zucker said that,in the past 12 months,General Electric has been incredibly supportive of NBC Universal.GE CEO Jeff Immelt has made it clear that NBC-U is an important part of the GE portfolio.There's no question that consumer-facing businesses are struggling right now,Mr.Zucker said.I think it'll hold up pretty well for us,and the flip side is that we're making acquisitions,the media executive pointed out.