Friday, October 16, 2009
NBC Cleans Up Its Earnings Act for Comcast
After a couple of miserable quarters, NBC Universal finally has some good news to announce: Boosted by a one-time gain, earnings actually increased in Q3, even though the entertainment conglomerate’s revenue kept dropping. Perhaps those numbers will cheer Comcast investors, who have been beating up the cable company ever since news of its talks to buy NBCU surfaced last month.




The bad news for Jeff Zucker’s NBC Universal: The TV and movie powerhouse saw earnings drop 45 percent in the last quarter. The good news: The GE unit says that if you stripped out one-time costs, charges, etc., it would have only been down something like 15 to 25 percent. That’s right: For media conglomerates this quarter, down 20 percent is the new up.

