[opendtv] NBCU's Profit, Revenues Down
- From: Craig Birkmaier <craig@xxxxxxxxx>
- To: OpenDTV Mail List <opendtv@xxxxxxxxxxxxx>
- Date: Mon, 23 Jan 2006 09:07:02 -0500
http://www.broadcastingcable.com/article/CA6301260.html?display=Breaking+News&referral=SUPP&nid=2228
NBCU's Profit, Revenues Down
By John M. Higgins -- Broadcasting & Cable, 1/22/2006 11:16:00 PM
The slide in NBC's prime time ratings overwhelmed the strength of its
cable-network siblings, trimming revenues and profits at the NBC
Universal division. Parent company General Electric said Friday that
NBC Universal's fourth-quarter revenues fell 3% to $4.2 billion,
while operating profit dropped 7% to $801 million.
NBC's broadcast problems were a tremendous drag all year and should
be again in 2006. Profits from the NBC prime time, O&O stations and
program production plunged 60% during the fourth quarter and 26% for
the full year. Broadcast profits are expected to fall another 20%-25%
during 2006.
But NBC U's cable networks (including No. 1 rated USA Network) film
studio Universal and theme parks boosted profit by 23% for the
quarter and 73% for the year. Growth in 2006, however, is expected to
be more modest, just 10%-15%.
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