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General Electric is one of America's oldest and biggest corporate giants, a dominant
force in financial services, industry, domestic appliances and technology. For several years, it has also been one of the
country's foremost mediaowners through its NBC television network and Universal Pictures movie
studio. However, it plans to transfer a controlling stake in this division, one of its smallest subsidiaries, to cable operator Comcast
during 2010, subject to regulatory approval. Interbrand ranks General Electric as one of the world's most valuable brands, and it
regularly tops the rankings of the world's most respected companies. Long-serving chairman and CEO Jack Welch handed over control
to Jeff Immelt in 2001. GE lost little of its dynamism or financial strength in that handover, but the most recent economic
downturn has proved more challenging for the group, causing a sharp fall in performance at the group's huge capital finance
division. Advertising Age estimated global measured advertising expenditure of $1.5bn in 2008, making General
Electric the world's #22 advertiser.
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