Ion Networks

NBC Universal Earnings Sliced in Half, but There’s a Bright Side

Peter Kafka in Media on April 17, 2009 at 6:14 am PT

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.