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NBC Universal Earnings Down 45%

Apr 17, 2009  •  Post A Comment

First-quarter earnings fell 45% at NBC Universal, parent company General Electric announced Friday morning, TelevisionWeek reports. While its cable networks continued to deliver double digit growth, GE CEO Jeff Immelt said, “NBC Universal has a tougher performance overall due to a soft advertising market and fewer major DVD releases compared to a year ago.” GE said its first-quarter net earnings were $2.8 billion, or 26 cents a share, down 40% from $4.3 billion or 43 cents a share a year ago. Revenues were down 9% to $38.4 billion. GE’s earnings announcement can be read here.
—Jon Lafayette

One Comment

  1. This is the beginning of the end for NBC..

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