NBCU Profit Drops 41% in 2nd QTR, Revenues Fall 8%

Jul 18, 2009  •  Post A Comment

Citing declining ad revenues and cutbacks in consumer spending, NBC Universal’s second quarter profits fell 41% and its revenues fell 8%, Reuters reported.

The company–80% owned by General Electric–also cited a write-down of its Ion Media stake and few DVD releases.

—Chuck Ross

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