Two clashing viewpoints about the future of network television became apparent in news reports today (Friday) as Daily Variety reported that GE Chairman Jeffrey Immelt, whose company owns NBC, had concluded that "the network business is shrinking, in both ratings and ad dollars," while other publications quoted CBS chief Les Moonves as remarking during a conference with analysts, "Looking at the Big Four networks, year-over-year, viewers are up 7 percent. ... Once again, the so-called death of network television has been greatly exaggerated, even by some of the other networks."