NBCU Profits Drop 45 Percent Due To Soft Ad Market

Authored by Jay Baage on April 17, 2009 - 12:24pm.

GE said its cable operations continued to deliver double-digit growth, but NBC Universal had a "tougher performance overall due to a soft advertising market and fewer major DVD releases" compared with a year earlier, writes TheStreet.com. NBCU's paret GE topped earnings estimates on Wall Street and reported first-quarter earnings from continuing operations of $2.9 billion, or 26 cents a share, but it was still down 35% from a year earlier.

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