Saturday, December 14, 2019

WILL NBC ACTUALLY EARN A PROFIT FROM THE OLYMPICS?

July 26, 2012 by · Leave a Comment 

Until recently, NBC was predicting that it would probably lose about $100 million on its multi-platform coverage of the London Olympics, but that the loss would be offset by its ability to promote its fall schedule and to boost ratings for its declining morning talk show, Today. But on Wednesday, the broadcaster provided new figures […]

GIANT SCREENS GENERATE GIANT PROFITS

May 15, 2012 by · Leave a Comment 

IMAX today (Tuesday) reported earnings that were as big as its screens. Ticket sales at its venues during its second quarter rose to $96.5 million, up a whopping 197 percent from the $32.5 million that it reported for the same quarter of last year. What seems even more remarkable is its report that for the […]

DESPITE HACKING SCANDAL, NEWS CORP’S NET SURGES 47 PERCENT

May 10, 2012 by · Leave a Comment 

associated with the British telephone hacking scandal that brought down its most profitable newspaper, The News of the World, but the company nevertheless reported a 47-percent surge in net income in its third quarter to $937 million versus $639 million for the same period a year ago. “Once again, News Corporation showed strong operational momentum […]

ONLINE DEALS LIFT CBS

May 2, 2012 by · Leave a Comment 

CBS, which had long resisted putting its shows online, posted its best quarter ever on Monday, largely as a result of deals it made to put some of its shows online. “Our ability to capitalize on the fundamental shifts in our industry has led to the growth of significant new revenue streams and has also […]

NBCUNIVERSAL LOOKING HEALTHIER UNDER COMCAST

May 2, 2012 by · Leave a Comment 

It goes without saying that owning the television network that broadcasts the Super Bowl can be beneficial to a company’s financial health during the first quarter of any year. But Comcast’s purchase of NBCUniversal in January 2011 has reaped benefits for the company in other ways as well, pushing its first-quarter profits to $1.224 billion, […]

DESPITE COSTLY HACKING SCANDAL, NEWS CORP PROFITS SOAR

February 9, 2012 by · Leave a Comment 

Forget about the fact that News Corp may have to pay $200-400 million to settle all of the invasion-of-privacy cases that have been filed against it in the wake of the recent telephone hacking. The company on Wednesday reported second-quarter earnings of $1.06 billion, up 65 percent above last year’s $642 million. Revenue rose to […]

VIACOM’S PROFITS NOSEDIVE

February 2, 2012 by · Leave a Comment 

Viacom, whose media companies include Nickelodeon and the MTV and Turner cable channels as well as Paramount Pictures, said today (Thursday) that its profit plunged 65 percent in the last quarter, attributing the fall to a one-time $379-million charge to cover an arbitration award to shareholders of “Rock Band” videogame maker Harmonix. Excluding the Harmonix […]

SONY’S PROFITS DROWN IN THAI FLOODS

February 2, 2012 by · Leave a Comment 

Last fall’s devastating floods in Thailand played havoc with Sony’s ability to fulfill orders and were largely responsible for the company’s $2.04-billion net loss in its last quarter, CFO Masaru Kato said in a conference call today (Thursday). “Several production facilities in Thailand suffered direct damage during the floods and supply chains across the region […]

VOICEMAIL SCANDAL HITS NEWS CORP WHERE IT HURTS

November 3, 2011 by · Leave a Comment 

The voicemail hacking scandal that shut down its News of the World tabloid in London has taken its toll on News Corp’s bottom line. The media conglomerate on Wednesday said in an SEC filing that while total revenue rose to $7.96 billion, its profits dropped 5 percent. At the center of its profit drain were […]

PROFITS AT FOX PLUNGE 50 PERCENT

May 5, 2011 by · Leave a Comment 

Without Avatar, operating profits for 20th Century Fox fell 50 percent to $248 million against $497 million during parent News Corp’s third quarter last year, the company said in an SEC filing on Wednesday. The steep drop contributed to a 24-percent plunge in overall News Corp revenue to $639 million from $839 million, even though […]

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