• Reuters, Monday, October 2, 2006 12 PM

NBC Universal's chief executive says rumors of his early departure are untrue and the creation of rival News Corp., reports Reuters. Bob Wright, CEO of the General Electric unit says there is no truth to several stories about him published by News Corp.'s New York Post. A report published Friday citing unnamed sources repeated the claims of gossip pages, adding that the Wright's heir apparent Jeff Zucker is not a shoo-in as GE chief Jeff Immelt has met with other potential candidates including former Viacom head Tom Freston. "This is some creation of News Corp," Wright says. "They have created this story, and now they're quoting themselves in the story. The references to the story are themselves. There (is) no truth to any of that."

Read the whole story at Reuters »