TV

NBCU reports operating profit increase of 13% for Q2

With a better than expected upfront ad market, strong ad sales from its local stations and impressive gains made by the entertainment channels in its cable division, NBC Universal boasted a 13% increase in operating profits in a Q2 earnings report from parent company General Electric.
July 15, 2010

With a better than expected upfront ad market, strong ad sales from its local stations and impressive gains made by the entertainment channels in its cable division, NBC Universal boasted a 13% increase in operating profits to US$607 million in a Q2 earnings report from parent company General Electric. Revenue at NBCU rose 5% to $3.75 billion, giving NBCU the highest increase of any unit in the GE family. Revenue for the cable networks division, which includes Bravo, Oxygen, Syfy, CNBC and USA Network, was up by 7% with operating income for the unit posting a 10% increase. NBCU’s broadcasting revenue posted a smaller gain of %1, and a profit increase of %6.

About The Author
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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