For the uninitiated Fox News Watch is a weekend news program that covers the media coverage of the past week’s events; its ostensibly the FNC answer to CNN’s Reliable Sources. The past episode of the program has earned a bit of unwanted attention themselves when programming staffers inadvertently aired an awkward segment critical of NBC News coverage of General Electric that was interrupted by on off-camera “cut!” and appears to have never been meant to hit the airwaves. Updated.

President Obama’s controversial pick of Jeffrey Immelt, CEO of GE, to lead a new jobs council has many not pleased, and Fox’s Megyn Kelly was interested in learning the main reason for the displeasure. Host of Fox Business show Follow The Money, Eric Bolling, was on hand to offer Kelly some ideas, but Kelly wisely expressed her doubts.

Last night on The O’Reilly Factor, host Bill O’Reilly appeared to take the bait from Gateway Pundit’s Jim Hoft who yesterday suggested that the nearly $25 Million in federal stimulus money received by GE was payback for pro-Obama coverage by NBC News (which is owned by General Electric.) His guest Charles Krauthammer appeared to disagree.

In a “Factor Follow-up” segment last night on The O’Reilly Factor, Bill O’Reilly slammed GE and its Chairman Jeffrey Immelt, with the help of two guests.

But while GE and Immelt have been a favorite target of O’Reilly’s in the past, the attacks have been down over the last year. So where did this one come from?

Bill O’Reilly may have taken a back seat to others on his network on the ideological front, but when it comes to defending Fox News from criticism, the Factor is the place to be. Last night, O’Reilly, with Fox Business Network’s Charlie Gasparino, took on new attacks from Variety and NBC, but O’Reilly emphasized this time that the fight he saw against Fox News wasn’t limited to ideological grounds or those of ratings– it’s a money issue, plain an simple.

Yesterday news broke that a new, conservative-friendly network was to be launched by Comcast this summer called RightNetwork. According to promotional material, the new media outlet will be “Pro-America, Pro-Business, Pro-Military sensibilities,” and has been reported to be in partnership with cable giant Comcast, who is currently efforting to acquire NBC-Universal. Update: The NY Times Brian Stelter now reports that Comcast has nothing to do with the conservative network.

There is no love lost between NBC and Fox News, best evidenced by the following clip of Bill O’Reilly and guest Bernie Goldberg taking great joy in the recent late night programming decisions at NBC involving Jay Leno and Conan O’Brien. Not only do they take repeated shots at NBC Chief Jeff Zucker, but they make the worst insult of all – they compare him to, gasp, Barack Obama!

9:27amET, CNBC:

We do a lot of these Chyron of the Day posts, and we usually try to avoid the simple spelling error. But we had to do it here, because of the context. In a report by Bertha Coombs about her boss’ boss’ boss, GE CEO Jeffrey Immelt, the CNBC chyron had ‘Immelt’ spelled wrong.

It has been a full week since news of a deal between News Corp. and GE (or, more specifically, between Fox News and MSNBC) broke, and the story continues to evolve.

Today, The Washington Post‘s Howard Kurtz reveals some behind-the-scenes insight about the “war” – and the revelations continue to hurt MSNBC host Keith Olbermann far more than his FNC foil, Bill O’Reilly.

Howard Kurtz reports in today’s Washington Post how White House Chief of Staff Rahm Emanuel directly called the corporate CEOs of parent companies of TV networks to air Obama’s prime time press conference. Kurtz reveals the inner-workings of the relationship between White House and networks, and raises a serious question: who’s making the editorial decisions at the networks?