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
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

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