NBCU Profit Dips in Q1

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NBC Universal recorded a 49% fall in profit in the first quarter to $199 million, while revenue was up 23% to $4.3 billion on the year ago period, according to parent company General Electric which is selling part of the unit to Comcast Corp.

On an earnings call, Friday (April 16), GE CFO Keith Sherin noted that the Olympic Games in Vancouver was slightly better than GE had first suggested with the loss at $223 million rather than the predicted $250 million.
Read more of this report on Broadcastingcable.com.

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