Word: liechty
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...profitability can make the NBC Universal combination a success. It particularly hopes to leverage Universal's rich film library and successful TV production operations (see chart). Vivendi's future, on the other hand, is far from certain. "Vivendi remains a mixture of assets with little industrial logic," says Steve Liechti, an analyst at Merrill Lynch in London, echoing a common view among Vivendi watchers at big banks. True, the nbc merger is a key step in Fourtou's campaign to stabilize Vivendi and slash its debt, which totaled €35 billion when he joined the company in July 2002. After...
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