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.
Broadcast TV’s “upfront” season–the odd tradition whereby the networks try to get advertisers to buy much of their inventory in advance for the coming year–doesn’t start till next month. But once it does, it’s likely to be grim.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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