Turning around NBC remains a top priority for NBCUniversal, Chief Executive Steve Burke said at an investor conference Thursday, Jon Lafayette reports in B&C.
"We think we’re ahead of where we thought we would be. We feel like we’ve done a lot, made a lot of progress," Burke said, according to the story. He added, "There’s still a lot more to be done."
Including syndication, affiliates and the network, NBC makes "a little money, but not very much," he noted.
"There’s no reason for that other than we need to make better shows. We need to rebuild NBC brick by brick, which is the process that we’re going through right now," he said.
Burke sees opportunity for NBC to make more money on retransmission consent, wanting to match the $250 million CBS expects to earn in retrans this year. He added that NBC generates "essentially no money on retransmission consent," according to the story.
The station group is improving and will make an estimated $400 million this year after making less than $150 million per year previously, the piece adds.
"This is a political year, this is an Olympics year, but we’ve made real progress in fairly short order just by reinvesting in local news and developing syndicated shows like ‘Steve Harvey’ and really putting our attention back to that broadcast business," Burke noted.