AP News

What financial reports reveal about TV networks


Companies with television networks have begun releasing their earnings reports for the latest quarter. Here's a look at reports for selected television network companies.

— Friday: Comcast Corp., which owns NBC, got a boost from being the official broadcaster of the Olympics. Comcast says it took in $1.19 billion in revenue for the Olympics alone during the quarter, topping the $1.18 billion paid for the rights, though the company had expenses for camera crews, announcers and the like. Broadcast ad revenue at NBC more than doubled to $1.99 billion, and rose 9 percent excluding the Olympics. Ad revenue on pay TV networks such as Bravo, CNBC, MSNBC and NBC Sports was up less than 1 percent to $807 million.

Coming up.

— Thursday: Scripps Networks Interactive Inc.

— Nov. 6: News Corp. (Fox owner)

— Nov. 7: Time Warner Inc., CBS Corp.

— Nov. 8: The Walt Disney Co. (ABC owner), AMC Networks Inc.

— Nov. 15: Viacom Inc.


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