News

CNBC will seek $14.99 a month, or $99.99 a year, for access to a new targeted streaming service called CNBC+ that executives see as a way to expand the audience for the business-news outlet that many already watch outside the home.

An email sent Wednesday to people who have signed up for CNBC digital offerings discusses the $99.99 price, which it says is available for approximately two days. The message includes testimonials from CNBC anchors including Andrew Ross Sorkin, Deidre Bosa and Becky Quick. “We want to get the news. We want to get it fast. We want to get it first. We want to get it right,” Quick says. “And we want to deliver it to you so that you understand it.” Variety previously reported CNBC’s streaming intentions in December.

The new CNBC+ isn’t seen as a way to challenge Netflix or Disney+. There will be no new programs on...

The bottom of a TV screen isn’t the only place CNBC fans will be able to follow its famous ticker.

The NBCUniversal-backed business-news outlet plans to launch a stand-alone streaming outlet, CNBC+, in the first quarter of 2025, according to two people familiar with the matter. The venue isn’t going to offer new shows and CNBC isn’t going to hire more staff for the venture, these people say, but the network will use the broadband outlet to make available a “global feed” that viewers can use to follow programming from Asia and Europe, as well as the United States, no matter where they are.

CNBC declined to elaborate on the nature of the project.

CNBC+ isn’t seen as a way to challenge Netflix or Disney+. There will be no new programs on the service that aren’t already on the cable network and its overseas counterparts...

Donald Trump canceled a planned interview with CNBC, according to one of the network’s hosts, Joe Kernen of Squawk Box.

“Trump canceled, and he was going to come on,” Kernen said on the show this morning. He said that they also had offered an interview to Vice President Kamala Harris and “she’s not coming on.”

A CNBC spokesperson did not return a request for comment.

A Trump campaign official said that “the interview was pulled due to a scheduling conflict.” Trump will be sitting down with Bloomberg today for a conversation on the economy.

The final three weeks of the presidential campaign has put a special spotlight on campaign media appearances, as Trump and Kamala Harris seek to win over remaining undecided voters.

Harris has attacked Trump for not sitting down with 60 Minutes last week. He has slammed the show and CBS for an edit made to...

One of the benefits of hosting any sort of news or discussion program on TV is an authorization to talk. Now some TV journalists and personalities are also being given permission to bite.

NBCUniversal needs to get out the proverbial Bactine after being savaged earlier this week by many of its top news personalities over the hire made by NBC News executives of former Republican National Committee chair Ronna McDaniel. McDaniel was, until Wednesday, to have been a prominent political-news analyst weighing in on topics as the 2024 presidential election drew close. But the prospect of paying someone who had openly tried to help former President Donald Trump discredit the results of the 2020 election raised the internal alarms of many NBC News anchors and many of them — including Joe Scarborough, Joy Reid, Rachel Maddow and Nicolle Wallace — took significant time on Monday to push back against the decision, with Maddow spending...

Gerald Levin, the visionary executive in the early days of HBO whose career will be forever marred after he orchestrated the merger of Time Warner and AOL, a debacle that destroyed the value of employees’ retirement accounts and culminated in a historic $100 billion write-down, has died. He was 84.

Levin died Wednesday in a hospital, his grandchild Jake Maia Arlow told The New York Times. He had battled Parkinson’s disease since being diagnosed in 2006 and lived most recently in Long Beach, California.

Levin was an attorney who worked for a year in Iran before joining HBO at its inception in 1972 as a programming executive. He was promoted to CEO a year later, and a year after that he convinced parent company Time Inc. to take HBO to cable companies nationwide via satellite technology, earning him the nickname of “resident genius.”

The Philadelphia native and University of Pennsylvania Law School graduate...

Warner Bros. Discovery CEO David Zaslav gave former CNN chief Chris Licht a warm endorsement, even hinting at the possibility that the TV news vet could work again with the company.

Licht is a “great guy, talented guy,” Zaslav said at the New York Times DealBook Summit at Jazz at Lincoln Center, as Licht sat in the audience. The exec was ousted from CNN last June after a tumultuous run capped by a damning profile in The Atlantic. Weeks before the WarnerMedia-Discovery merger closed in April 2022, Zaslav had chosen Licht to head up CNN, reportedly without having conducted a robust search process. The two had been personally acquainted before the hiring.

“Chris is a good friend,” Zaslav said. As to their parting ways, he added, “That was … look, there are a lot of good days and a lot of tough days. Chris has had a lot of great days.

Joe Kernen, co-host of CNBC’s Squawk Box, took aim at what he called “mainstream media” hype about the potential for Meta Platforms’ Threads to kill Twitter, insisting he is “not mainstream media.” He also said he “wouldn’t sell Elon Musk short” in the social media competition.

This morning’s exchange with Axios business editor Dan Primack (see video below) came during a segment noting that the Instagram-backed Threads has passed 100 million users in less than a week. That initial growth rate beat that of Chat Gpt, which was previously the fastest application to reach the milestone.

Kernen, who has never exactly been shy about expressing his right-of-center views on the show, did most of the talking. He argued that media coverage of Threads has been laudatory because of the fact that the Meta service has explicitly sought to de-emphasize politics and other controversial content verticals.

One of...

Warner Bros Discovery’s hour-long earnings call with Wall Street analysts Friday morning included nary a mention of the WGA strike, unlike many other such calls in recent days.

But the company’s CEO told CNBC’s Squawk Box in an appearance prior to the call what he believes will bring the impasse to an end: “A love for the business and a love for working. We all came into this business because we love storytelling. … That’s what’s going to bring us together.”

When co-hosts Andrew Ross Sorkin and Joe Kernen suggested that studios might be “glad” that the guild is on strike because they will be able to cut costs, Zaslav hastily replied, “We’re not glad.”

The exec said he is eager for a resolution to the strike, which threatens to halt Hollywood’s momentum after the clouds of Covid were just starting to part. “In order to create great storytelling,...

Warner Bros. Discovery chief David Zaslav weighed in on CNN’s controversial decision to host a live town-hall format Q&a with former President Donald Trump — defending the decision as needing to represent “both sides.”

“The U.S. has a divided government. We need to hear both voices,” Zaslav said, speaking Friday on CNBC’s “Squawk Box” when asked about Trump’s scheduled May 10 appearance on CNN. “Republicans are on the air on CNN, Democrats are on the air… When we do politics, we need to represent both sides. I think it’s important for America.”

Zaslav continued about Trump, “He’s the front-runner — he has to be on our network. We’re happy he’s coming on there.”

“This is a new CNN,” Zaslav said. “I’m proud of CNN, we’re on a great journey and this country needs it.”

CNN became part of the merged Warner Bros....

The ongoing writers strike is threatening the long-term strategic plans of the major entertainment companies, but while some companies are reported to be pleased that the strike could give them an opportunity to trim costs, Warner Bros. Discovery CEO David Zaslav says he doesn’t share that point of view.

“We’re not glad,” he said on CNBC’s Squawk Box Friday morning, when pressed by co-host Joe Kernen about the potential cost savings.

“Look, we’re a pure storytelling company, and we’ve been fighting to get the greatest creatives to come work at Warner Bros.,” Zaslav said. “In order to create great storytelling, we need great writers, and we need the whole industry to work together, and everybody deserves to be paid fairly. So our number one focus is, Let’s try and get this resolved. Let’s do it in a way that the writers feel that...

NBCUniversal is set to bring its popular cable morning news programs to streaming. On Tuesday, March 28, MSNBC’s “Morning Joe” and CNBC’s “Squawk Box” will join NBC News Now in livestreaming every weekday on Peacock. These news programs will join NBC’s iconic “Today,” which is available to streaming customers on Peacock’s Premium Plus plan through their local affiliate.

Sign Up $4.99+ / month peacocktv.com

All of NBCU’s morning programs will be collected in a special “Morning News Live” hub, which will be prominently featured on Peacock’s home page. Also, the shows will also be available through Peacock’s individual Channels tab.

“Morning Joe” will stream live each weekday from 6 to 10 a.m. Et while “Squawk Box” will air Monday through Friday from 6 to 9 a.m. Et. In the announcement, Peacock touted the fact that it will become the only subscription video-on-demand (SVOD) service bringing unique general,...

Peacock will launch a live stream of MSNBC’s “Morning Joe” and CNBC’s “Squawk Box,” the streaming service said Monday.

The news shows, which will be featured in Peacock’s “Morning News Live” editorial collection alongside Morning News Now, Sky News, Today (on Premium Plus tier), Today All Day, and local NBC News, will debut March 28 on the streaming service. “Morning Joe,” which is hosted by Joe Scarborough, Mika Brzezinski and Willie Geist, will stream live weekdays from 6-10 a.m. Et and “Squawk Box,” which is anchored by Joe Kernen, Becky Quick and Andrew Ross Sorki, will stream weekdays from 6-9 a.m. Et.

“Morning Joe” and “Squawk Box” joins NBC News Now, NBC News’ streaming news platform, which is available to all Peacock viewers, and “Today,” which is available to stream Premium Plus subscribers through local NBC station channels.

Also Read:

CNN Contributor Compares Jonathan Majors Arrest to Johnny Depp Trial,...

Peacock is doubling down on live news, bringing a pair of cable news programs to its live streaming lineup.

The NBCUniversal-owned streaming service will stream MSNBC’s Morning Joe and CNBC’s Squawk Box live beginning Tuesday, March 28. The shows will be part of a “Morning News Live” editorial element on Peacock, expanding its live news lineup to political and financial news. Morning Joe will stream from 6-10 a.m. while Squawk Box runs from 6-9 a.m.

NBC’s flagship Today show already streams for Peacock Premium Plus subscribers (the tier includes a live feed of the user’s local NBC station, which includes live NBC News programming), though it will also be included in the new Morning News Live hub for subs to that tier.

The addition of MSNBC’s signature morning show and CNBC’s stalwart pre-market program make for a significant expansion of live news programming on Peacock,...

Donald Anthony St. Claire, one half of the lovable grandparents duo who competed in season 6 of “The Amazing Race”, has died. He was 87.

According to his obituary, Don died an hour and a half southeast of Sacramento, California in Angels Camp on Aug. 31. TMZ, which first broke the news Saturday, spoke to Don’s son, Greg, who told the outlet Don collapsed and died at his home. Greg also told TMZ the family believed he suffered some type of heart issue. The death came as a shock to the family, considering Don recently had a checkup with doctors and reportedly was told the results looked great.

Don and his wife, Mary Jean, appeared in season 6 of the hit CBS show and finished in eighth place. Their journey ended after they were eliminated in Germany.

Don and Mary are one of the oldest to ever compete in the long-running reality TV series.

AT&T CEO John Stankey and Discovery CEO David Zaslav generally sidestepped questions about the exit of CNN boss Jeff Zucker amid dismay among the cable network’s on air talent and staffers over how the situation was handled.

“Jeff resigned and the decision to resign was Jeff’s decision and it’s an unfortunate set of circumstances,” Stankey told CNBC in an interview in Pebble Beach, CA.

According to sources familiar with what happened, WarnerMedia CEO Jason Kilar, Zucker’s boss, made it clear that he either had to resign or would be terminated for failing to disclose a relationship with Allison Gollust, CNN’s marketing chief.

Yet there also has been ample other speculation over what led to Zucker’s exit.

When Joe Kernen pressed Stankey on whether there were “other things in play for whether he was out anyway,” citing John Malone’s comments about the network, Stankey said,...

A conversation on CNBC’s Squawk Box about the economic strain of Covid-19 devolved into a pointed exchange between Rick Santelli and Andrew Ross Sorkin about masks and restrictions on businesses.

Santelli, a Chicago-based correspondent known for delivering on-air rants like his 2009 diatribe against President Barack Obama, said too many businesses were being harmed by state and local restrictions. The main topic was the release of monthly labor statistics showing that only 245,000 jobs were added by U.S. employers in November, the lowest tally since the spring. The weak employment numbers come as the U.S. experiences the worst stretch of the pandemic thus far, with more than 100,000 people hospitalized and a record-setting single-day fatality rate.

“There is actually, and should be, an ongoing debate as to why a parking lot for a big box store, like by my house, is jam-packed. Not one parking spot open,” Santelli said. “Why...

CNBC’s Jim Cramer apologized Tuesday after critics derided his use of the epithet “Crazy Nancy” during an interview with House Speaker Nancy Pelosi, a relatively rare example of the business-news outlet’s on-air personnel getting mixed up in news-cycle politics.

Cramer was questioning Pelosi about negotiations for new coronavirus relief, and appeared to use the “Crazy Nancy” phrase in describing the White House position. But he quickly realized he had blundered. “I’m sorry. I — that was the president. I have such reverence for the office, I would never use that term,” Cramer said, immediately after using it. “But you just did,” Pelosi responded. Cramer then continued on with the interview.

Detractors on Twitter called him to account, prompting him to address the issue. “When you criticize the president by mentioning what he calls the Speaker of the House, you should not be criticized for mentioning the terrible name he calls her,...

Donald Trump’s reelection campaign is requesting that the first presidential debate between the president and Joe Biden be held in early September, while it has provided organizers with a list of recommended moderators.

The list, below, is heavy in Fox News personalities, yet does not include Chris Wallace. He moderated a debate in the 2016 cycle, but recently interviewed Trump for Fox News Sunday in a widely praised hour-long exchange in which he, at multiple points, fact-checked the president’s assertions.

Trump’s campaign argues that the first debate, now scheduled for Sept. 29, will take place after early voting has begun in 16 states. Two other presidential debates are scheduled for Oct. 15 and Oct. 22. The Trump campaign also continued its call for debate planners to a fourth debate to the schedule in early September, but said that if that does not happen, the Oct. 22 event should be moved to that date.

On Wednesday morning, CNBC’s Squawk Box saw a heated argument between two of the show’s hosts, Andrew Ross Sorkin and Joe Kernen. The show’s opening segment was overtaken by the vicious debate and ended with Sorkin accusing Kernen of “being in the tank” for President Donald Trump. In the intense discussion, Sorkin and Kernen argued […]

The post Watch: CNBC Segment Explodes As Andrew Ross Sorkin Yells At Joe Kernan – ‘You Are In The Tank For Trump!’ appeared first on uInterview.

CNBC’s “Squawk Box” hosts Andrew Ross Sorkin and Joe Kernen went at one another Wednesday morning as the American coronavirus death toll surpassed 100,000.

“You panicked about the market. You panicked about Covid. You panicked about the ventilators. You panicked about the Ppe. You panicked about ever going out again,” Kernen rattled off, only to be interrupted by Sorkin, who is also a columnist for the New York Times.

“You didn’t panic about anything,” an exasperated Sorkin said, accusing his colleague of downplaying the pandemic threat.

“What good is that?” Kernan replied, “Why not help people keep their head?”

“100,00 people died,” Sorkin said. “100,00 people died, Joe, and all you did was try to help your friend, the president. Every single morning on this show, you used and abused your position, Joe.”

Kernen, a 25-year veteran of the show who secured a sit-down interview with President Trump in January, responded...

CNBC’s Andrew Ross Sorkin and Joe Kernen clashed on air Wednesday over the toll of the coronavirus, a fight unusual even for the standards of talking head-heavy cable news.

Kernen had accused Sorkin of being “panicked” about Covid-19 and its fallout. “You panicked about the market, panicked about Covid, panicked about the ventilators, panicked about the Ppe, panicked about ever going out again, panicked if we’d ever get back to normal,” he said.

But Sorkin shot back, “Joseph, you didn’t panic about anything!” Sorkin said. “100,000 people died, Joe, and all you did was try to help your friend the president. That’s what you did. Every single morning on this show. Every single morning on this show, you have used and abused your position, Joe. You have used and abused your position.”

“That is totally unfair,” Kernen said. “I am trying to help investors keep their cool.

Two anchors of CNBC’s “Squawk Box” had a fiery exchange on Wednesday morning sparked in part by the grim milestone that the nation has surpassed 100,000 deaths due to the coronavirus outbreak.

Andrew Ross Sorkin and Joe Kernen shouted at each other for about a minute in the first hour of the 7-9 a.m. show that is the anchor of CNBC’s daytime lineup. Kernen accused Sorkin of “panicking” about the Covid-19 threat and related issues. Sorkin in response accused Kernen of working to “help” President Donald Trump. The two were live from different locations because of social distancing measures.

“You panicked about the market, you panicked about Covid, you panicked bout the ventilators, you panicked about the Ppe, you panicked about ever going out again…,” Kernen said.

Sorkin interjected with clear exasperation: “Joseph, you didn’t panic about anything.”

“What good is that? What good is it,” Kernen responded.

NBC News’ “Meet the Press” and CBS News’ “Face The Nation” regularly compete for Sunday-morning audiences and scoops from politicos. But this past weekend they looked nothing like one another.

On NBC, President Donald Trump dominated the hour by sitting down for a taped interview with host Chuck Todd. Over at CBS, “Nation” moderator Margaret Brennan featured a talk with Senator Bernie Sanders, one of the leading Democratic candidates for president.

“The news cycle has to be split to a greater degree than it was before,” notes Larry Sabato, director of the University of Virginia Center for Politics. Covering politics in this moment, he says, means trying to help voters get to know more than 20 Democratic candidates, many of whom aren’t well known by the greater public, and then trying to keep an eye on the President. “It’s all just totally unprecedented,” he adds.

Since Donald Trump was...

During a lengthy telephone interview with CNBC that covered topics such as trade tariffs, 5G and relations with China, President Donald Trump said tech giants like Facebook, Google and Amazon are “colluding” with Democrats.

Asked by Squawk Box host Joe Kernen for his view on whether tech companies should be broken up, he began on a personal note.

“Well, I can tell you they discriminate against me,” Trump said. “People talk about collusion. The real collusion’s between the Democrats and these companies. They were so against me during my election run. Everyone said, ‘If you don’t have ’em, you can’t win.’ Well, I won, you know, and I’ll win again.”

When Trump quickly moved on to another topic, Kernen brought the conversation back to Big Tech, asking the president if he felt antitrust laws should be updated to reflect the current marketplace realities. A Congressional committee...

Fox Business’ Maria Bartiromo will end 2018 with the wind at her back: “Mornings with Maria” topped rival CNBC’s “Squawk Box” in total viewers for the first time ever.

There was some good news for CNBC: “Squawk Box” still won in the key demo.

“Maria” first aired on Fox Business in June 2015, so 2018 was the third full year the shows have faced off.

Also Read: Roger Stone Admits to InfoWars Lies to Settle $100 Million Defamation Suit by Chinese Billionaire

“Maria” averaged 105,000 total viewers per day compared to 103,000 for “Squawk.” The numbers reflect a 22 percent increase in total viewers for Bartiromo compared to her 2017 performance.

But in the advertiser-coveted 25-54 year old demographic, “Squawk Box” averaged 28,000 daily viewers, compared to 14,000 for “Maria.”

As TheWrap previously noted, Nielsen does not calculate out-of-home viewing. That could lead to undercounting for networks played in offices.

Overall, Fox Business topped CNBC in business-day ratings measured from 9:30 a.

The Humane Society of the United States honored Sidewalk Angels Foundation, founded by Grammy Award-winning artist Rob Thomas and his philanthropist wife Marisol Thomas and luxury beauty brand Moroccanoil last week at the 2017 To the Rescue! New York gala at Cipriani 42nd Street.

The evening raised $3 million for Hsus’ animal rescue efforts.

Actress Malin Akerman presented the Thomases and their Sidewalk Angels Foundation with the Hsus Compassion in Action Award for making real change in helping those who have no voice. In her speech, Akerman praised the Thomases for their immediate reaction to animals in need during the tragic hurricanes that swept the U.S. this year.

In their acceptance speech, Rob and Marisol Thomas thanked The Hsus for the honor and praised the organization’s unwavering dedication to helping animals out of harmful situations across the country.

Marisol and Rob said: “This is a group effort. We need to...

“Morning Joe” economic analyst Steven Rattner called CNBC’s “Squawk Box” co-host Joe Kernen a “jackass” on Twitter Thursday morning. Rattner is the chairman of Willett Advisors LLC and contributes for CNBC enough that he has a profile on the network’s website. Considering “Squawk Box” is the flagship morning show of CNBC, it probably surprised fans when Rattner tweeted, “.‪@SquawkCNBC would be so much better w/o that jackass, Joe Kernan. ‪@BeckyQuick and ‪@andrewrsorkin are great.” A CNBC spokesperson declined TheWrap’s request for comment. Also Read: Neil Cavuto Details His Grueling Recovery From Open-Heart Surgery: 'This Was a...

CNBC and Bloomberg’s interviews with Twitter execs on the day of the company’s Ipo did not go down well with rival network Fox Business Network. Instead of interviewing with all three business news channels, Twitter CEO Dick Costolo granted CNBC an interview before the company went public and spoke with Bloomberg on the floor of the New York Stock Exchange. But when Fbn’s producers tried to talk to Costolo, they were “escorted away,” according to Fbn anchor Liz Claman, who slammed Twitter throughout her afternoon shows. Also read: CNBC’s Joe Kernen Sees Indian Currency, Makes 7-Eleven...

Maybe CNBC “Squawk Box” host Joe Kernen should look for a guest-starring role on the new sitcom “Dads.” He might be right at home on the Fox sitcom that has been criticized for racist jokes, given that he couldn’t let a mention of the Indian rupee pass without mocking Indians. On Friday’s episode, Kernen and his co-hosts, Becky Quick and Andrew Ross Sorkin, were discussing exchange rates across various foreign currencies. Quick mentioned that she had a few rupees in her wallet, left from a recent trip to the country. She showed them off to Sorkin and Kernen.

On CNBC's Squawk Box on Friday, anchor Joe Kernen went off on people who believe in climate change. He made these comments during an interview with a former president and CEO at Shell Oil, who was pushing the government to embrace natural gas. Kernen told him it won't happen anytime soon, remarking that the government is currently too obsessed with climate change to deal with that issue. He used the occasion to go after the "bonafide cult" of climate change "enviro-socialists."...

This could be a blow to The New York Times' mergers and acquisitions coverage, even though the author of Too Big to Fail will continue to write a column there and oversee its DealBook site. Sorkin is one of the best-known and well-sourced reporters on the deal beat. But his frequent appearances on shows including MSNBC's Morning Joe suggest that Sorkin has been bitten by the showbiz bug -- and Squawk Box had an empty chair since Monday, when Carl Quintanilla left to host Squawk on the Street. Here's the note that Svp Nik Deogun sent to the staff: Joe Kernen, Becky Quick and Carl Quintanilla made Squawk Box must-watch television thanks to their chemistry, creativity and, above all, content expertise. Every morning, Squawk distills oceans of information on global markets, companies and politics so that the nation's most affluent and influential viewers can start their day smarter. While Squawk Box...

Doug Ellin is in his last few days of making "Entourage," one reason a rumored guest star won't be appearing.

HBO's inside-Hollywood comedy launches its eighth and final season Sunday, July 24. Suggestions have run rampant that now-resigned, Twitter-devoted New York Congressman Anthony Weiner was in line to appear on the show before it signs off, but series creator and executive producer Ellin laughs at the notion ... and also at how the alleged news got around.

"Anthony Weiner was a complete joke," Ellin tells Zap2it. "I said it on CNBC because I was asked by ['Squawk Box' co-anchor] Joe Kernen if I was reaching out to Anthony Weiner, and I said, 'I made a phone call, and he didn't even call me back. Or send me pictures.' It was clearly and obviously a joke, and it just spun out so fast."

And if Weiner had responded by actually wanting to be on...

Ten years later, Gerald Levin has apologized for creating AOL Time Warner. Levin, CEO of Time Warner a decade ago, acknowledged during a rare appearance with AOL co-founder Steve Case on Monday that the merger of those two companies was a mistake.

He also acknowledged that his apology was a long time coming; this week marks the 10-year anniversary of that ill-fated merger.

"I presided over the worst deal of the century, apparently," Levin said early into the 22-minute interview.

"I have been obviously reflecting on it," he said. "I was the CEO. I was in charge. I'm really very sorry about the pain and suffering and loss that was caused," he said on CNBC's "Squawk Box."

Levin, Case and a host of other executives from both companies announced the creation of AOL Time Warner on Jan. 10, 2000. The plan had AOL, using the value of its stock -- wildly inflated...

Comely "Squawk Box" co-anchor Becky Quick is ruffling some feathers.

Quick, 36, who hosts the early-morning CNBC show with Carl Quintanilla and Joe Kernen, quietly married the show's executive producer, Matthew Quayle, a few months ago - which has drawn grumbles from co-workers regarding the ethical ramifications. "He is her direct superior, so it's a little weird," groans one insider. "She's definitely been getting preferential treatment since they got together."

Quick - whose glossy hair and sparkling incisors prompted a 2006 New York Times story about...

General Electric chairman and CEO Jeff Immelt showered NBC Universal with more love Wednesday, again shooting down persistent chatter that the conglomerate could sell its entertainment arm. But he also emphasized the importance of changing the network TV model.

"The company is worth more with NBC as part of it than it would be without NBC," Immelt said on morning show "Squawk Box" on CNBC, which is part of the entertainment arm.

"I look at NBC Universal as a good way to grow 10%-15% next year and good returns," he added. "I think this is the wrong time to think about exiting. We have good days ahead of us."

Immelt also highlighted that NBC Uni "in its worst year had 18% operating profit margins and participates in a big global market that has good opportunities for growth."

When asked by CNBC's Joe Kernen if the broadcast network business is still a good one, Immelt said: "The TV network business model, Joe, has to change and will change.