NBCU sales down, earnings up
October 19, 2009
NBCU had a lopsided Q3, as earnings grew 13 percent to $732 million even as revenues dropped 20 percent to $4 billion from $5 billion.
NBCU's troubles are attributed to its declining broadcast business, which offsets gains on the cable side. There is much speculation parent GE is about to do a deal to buy out Vivendi and then sell to Comcast, others say they may form a JV.