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Despite predictions of a 10 percent gain in revenue and profit gains of 5 percent, NBC posted a rise in revenues of 7 percent and net profit of just 1 percent in the second quarter.
Revenue growth at USA, Bravo and Sci-Fi networks was partially offset by declines at NBC and its owned and operated stations, according to MarketWatch. Profit from the company’s cable operations rose about 13 percent.
The company expects robust cable and film growth, with Q3 estimates being anywhere from flat to up 5 percent over the third quarter of 2007, says chief financial officer Keith Sherin.
Five of Universal Studios’ six films released in Q2 met or exceeded expectations, Sherin said, though growth was hampered by significant advertising and promotion expenses for those movies. The studio will release Mamma Mia, The Mummy: Tomb of the Dragon Emperor and Death Race during the third quarter.
Despite rumors that GE has been making plans to sell NBC Universal, Jeff Zucker, pres and CEO of NBCU, continues to deny reports, saying that, in the last 12 months, “GE has been incredibly supportive,” writes MediaPost. Zucker points to purchases such as its recently announced acquisition of the Weather Channel and last year’s acquisition of Oxygen as marks in its favor.
NBCU says it will gross more than $1 billion in national advertising from the Summer Olympics in Beijing.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Last week, Aegis Group CEO Robert Lerwill resigned unexpectedly, sparking speculation that a takeover may be on the horizon.
Lerwill stepped down officially today (Monday), with Aegis chairman John Napier taking over his duties on an interim basis, writes MediaPost. People…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
The 82nd annual Macy’s Thanksgiving Day Parade pulled an average 12.6 rating/26 share on Thanksgiving morning, Nov. 27, according to Nielsen.
That was 8% higher than its telecast last year, Mediaweek writes. NBC estimated that a total 44.7 million viewers…
Top American non-luxury auto brands received higher ratings and less negative comments from online consumers than competing Japanese brands, according to an analysis of consumer opinions collected from automotive review websites by Biz360, MarketingCharts reports.
The research, which aggregated a year’s…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
