NBC Universal chief Jeff Zucker has said that while the overall marketplace is still challenged, he thinks it may have bottomed out.

"It's still quite uncertain and we don't really see the full recovery we are all hoping for," he said. "It's still tough out there, but I think we have seen a bottom. Our local television stations seem to be improving."

Zucker also predicted no major deals in the media space through the end of the year. "I think this is a year about getting your house in order. I think we'll see nothing in the media space for the rest of the year."

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