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NBC Posts $223 Million Loss on Winter Olympics (Dinosaur Media DeathWatch™)
CBS News ^ | April 16, 2010

Posted on 04/17/2010 4:50:37 AM PDT by Zakeet

The tally is in: NBC lost $223 million on the Winter Olympics in the first quarter.

That's slightly better than the most recent estimate of $250 million in losses. Advertising sales have improved a bit since NBC parent General Electric Co. made that projection in late January.

The Olympics did bring about $800 million in extra revenue to GE. But NBC had a lot of production and other expenses, including $820 million just to acquire the rights to carry the Vancouver Games on television and online. That expense was cited as the main culprit for the red ink.

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; Canada
KEYWORDS: 2010olympics; business; economics; nbc; olympics; sports; vancouver
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The FCC better hurry up before it's too late for GE to flip the bird ... to Comcast.

1 posted on 04/17/2010 4:50:38 AM PDT by Zakeet
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 04/17/2010 4:51:53 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Zakeet

The values determined by money coming in and money going out do not consider the propaganda value of all the short leftwing messages delivered


3 posted on 04/17/2010 4:54:11 AM PDT by bert (K.E. N.P. +12 . Ostracize Democrats. There can be no Democrat friends.)
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To: Zakeet
“The tally is in: NBC lost $223 million on the Winter Olympics in the first quarter.

That's slightly better than the most recent estimate of $250 million in losses.”

WOW! I'm sure the shareholders are relieved that they didn't lose as much money as expected. <sarc

4 posted on 04/17/2010 4:54:41 AM PDT by tobyhill
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To: abb
Last year, NBC Sports lost even more money than NBC News alert.
5 posted on 04/17/2010 4:54:48 AM PDT by Zakeet (Will Rogers never met the Wee Wee)
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To: abb

GE made 16.1 BILLION in profits, and paid ZERO income tax. Don’t cry for me, Argentina......


6 posted on 04/17/2010 4:55:30 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: abb

!!!!gnihc-ahC


7 posted on 04/17/2010 4:59:35 AM PDT by mlocher (USA is a sovereign nation)
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To: Zakeet

8 posted on 04/17/2010 5:00:44 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Zakeet

Doh! That’s gonna leave a mark.


9 posted on 04/17/2010 5:00:49 AM PDT by rdl6989 (January 20, 2013- The end of an error.)
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To: mlocher; abb

I used to like the Winter Games until they put the X-games crap in it. My guess is that since we got hit with snowmaggedon in the East a week before the games started, people didn’t want to watch.


10 posted on 04/17/2010 5:02:09 AM PDT by Perdogg (Nancy Pelosi did more damage to America on 03/21 than Al Qaeda did on 09/11)
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To: Perdogg

Very likely.

One other factor is the execrable droning of the commentators telling “life stories” of the athletes instead of covering the events themselves. Anyone can now short-circuit that BS by watching the events online.

Remember how some Monday Night Football fans used to listen to the game on the radio while watching on TV so they wouldn’t have to hear Howard Cosell? Sort of the same thing.


11 posted on 04/17/2010 5:07:08 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Zakeet

From the beginning, it was a bust to me. They focus on cute and flamboyant to the exclusion of everything else.

I simply wasn’t interested.

The old winter Olympics with Jim McKay(?)....I’d watch it night and day.

What have they lost?

1. Attention throughout an entire event.
2. Masculinity and femininity
3. The extreme, polarized competitiveness between eastern bloc and the US during the Cold War.


12 posted on 04/17/2010 5:13:44 AM PDT by xzins (Retired Army Chaplain and Proud of It! Those who support our troops pray for their victory!)
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To: Zakeet

Since I went to Vancouver for the games...did not watch any of NBC coverage....either live or Canadian TV networks (though...CBC in past games did a better job on the Olympics than CTV, IMO)

The real gauge on whether the Olympics were “worth it or not” will be in the overall Feburary ratings....if NBC got no carry-over from the games...then they are in bigger trouble

Wonder who will do the 2014 games? NBC has just up until 2012 summmer games


13 posted on 04/17/2010 5:19:45 AM PDT by UCFRoadWarrior (JD Hayworth for Senate ..... jdforsenate.com)
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To: abb

Droning is right. What is the word for claustrophobia only to noise - that’s what I get.

Same with the reporterettes on Fox who talk so fast and never take a breath.


14 posted on 04/17/2010 5:26:59 AM PDT by donna (Sarah Palin: "I support his [McCain] position on immigration.")
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To: stephenjohnbanker
GE made 16.1 BILLION in profits, and paid ZERO income tax. Don’t cry for me, Argentina......

How much more do you want to pay for a lightbulb in order to be happy?

15 posted on 04/17/2010 5:29:32 AM PDT by 1rudeboy
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To: Zakeet


Acquiring the rights to and broadcasting events are the culprit for the red ink?

So, if they had not acquired the rights to broadcast, they would not have had the red ink.

What brilliant logic. [/s]

[No wonder NBC is financially destitute and getting worse. Maybe a Leno at the 10 pm ET hour would save the network. Another /s]
16 posted on 04/17/2010 5:29:33 AM PDT by TomGuy
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To: xzins
What have they lost?

For one thing, American television has lost their loyalty to the U.S. I only got to see one medal ceremony with our National Anthem, and that was the blonde bimbo skier.

17 posted on 04/17/2010 5:29:48 AM PDT by LoveUSA (What are we waiting for?)
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To: Zakeet

It’s time for Obammy to take over.


18 posted on 04/17/2010 5:32:27 AM PDT by Dallas59 (President Robert Gibbs 2009-2013)
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To: 1rudeboy

“How much more do you want to pay for a lightbulb in order to be happy? “

Answer = 4 cents.

Any more non sequiturs?


19 posted on 04/17/2010 5:34:24 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: abb
One other factor is the execrable droning of the commentators telling “life stories” of the athletes instead of covering the events themselves.

I hardly watched anything on the NBC broadcasts, until they saw MSNBC and CNBC getting twice their NBC numbers of viewers for the men's hockey games and put the hockey finals on NBC.

MSNBC and CNBC were not quite as bad with the personal lives commentaries. MSNBC got over 8 million for the men's semi-final; that was one of the biggest audiences MSNBC ever got for anything.
20 posted on 04/17/2010 5:35:06 AM PDT by TomGuy
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To: stephenjohnbanker

It’s not a non-sequitur: if you want to pay more for lightbulbs because you feel GE doesn’t pay it’s fair share of taxes, you should come right out and say it. And it’s profit was $10 billion, by the way . . . nothing’s change since you posted on that GE thread yesterday.


21 posted on 04/17/2010 5:36:16 AM PDT by 1rudeboy
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To: Zakeet

I wonder how much they lost on Chris Matthews and Keith Olberdorkk.


22 posted on 04/17/2010 5:37:39 AM PDT by HapaxLegamenon
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To: Zakeet

I think I heard O’Rielly say the other day that Comcast was going to be buying NBC. Maybe, just maybe that’ll change things. Otherwise this bird is dead and obama will have to resurrect it with out tax dollars. Gotta get your propaganda somewhere, dont’cha know.


23 posted on 04/17/2010 5:42:48 AM PDT by MsLady (If you died tonight, where would you go? Salvation, don't leave earth without it!)
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To: Zakeet

One step closer to the grave.


24 posted on 04/17/2010 5:43:35 AM PDT by philman_36 (Pride breakfasted with plenty, dined with poverty, and supped with infamy. Benjamin Franklin)
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To: 1rudeboy

“if you want to pay more for lightbulbs “

No no you don’t. YOU said I wanted to pay more, NOT me.

And my post was humor, not serious. Never saw “Evita” ?.

By the way, it is easy to hide profits overseas under the guise of “loan payable” or “retained earnings” The laws are far different, depending on what country you are operating in. Think they only made 10 billion? LOL!


25 posted on 04/17/2010 6:13:51 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: stephenjohnbanker
If x is the amount of income taxes that GE paid in 2009, and x = 0, then you want GE to pay x + 1 in income taxes.

My question to you is, how much of x + 1 are you willing to pony-up? Because the money that GE collects in income comes from you, not a printing press in the basement of GE headquarters.

26 posted on 04/17/2010 6:19:37 AM PDT by 1rudeboy
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To: Oldeconomybuyer

“Fat bottom girls you make the rockin’ world go round......”


27 posted on 04/17/2010 6:26:41 AM PDT by Thermalseeker (Stop the insanity - Flush Congress!)
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To: Oldeconomybuyer

I enjoyed curling for awhile until NBC got caught up in it and it was all they showed on cnbc.


28 posted on 04/17/2010 6:29:06 AM PDT by InvisibleChurch (1 birth, 2 deaths; 2 births, 1 death)
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To: 1rudeboy

“My question to you is, how much of x + 1 are you willing to pony-up? Because the money that GE collects in income comes from you, not a printing press in the basement of GE headquarters.”

There! That is the question you should have started with. My answer is I don’t care if they pay any income tax or not, as long as they abide by the accepted accounting rules.

On a personal note...Immelt is an incompetent, who has made his bed with Obama. So as long as this “Welsh wannabe” jerkoff is in power, I don’t give a rats behind how GE does.


29 posted on 04/17/2010 6:30:08 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: Oldeconomybuyer

I could curl up with that....


30 posted on 04/17/2010 6:32:10 AM PDT by ErnBatavia (It's not the Obama Administration....it's the "Obama Regime".)
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To: abb
I smell a Bailout coming!
31 posted on 04/17/2010 6:40:45 AM PDT by Red in Blue PA (Thinking of using 911 for protection? Google "Brittany Zimmerman")
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To: xzins

ditto


32 posted on 04/17/2010 6:42:25 AM PDT by junta (S.C.U.M. = State Controlled Unreliable Media)
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To: ErnBatavia
Cheryl Bernard from Canada is probably the hottest curler ont he planet.


33 posted on 04/17/2010 6:42:37 AM PDT by Red in Blue PA (Thinking of using 911 for protection? Google "Brittany Zimmerman")
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To: Zakeet
NBC is terrible with the Olympics. I loath their “up close and personal” stories. I've read they do this because they think this is what female viewers want. I used to watch the Olympics from opening ceremonies to closing but no more. I want to cheer for Americans, not “citizen of the world” types.

I especially wanted to see men's ice hockey (not homosexual figure skating) which was relegated to the sub-channels. Fortunately our cable company added those in HD right before the games. Even though ice hockey was one of the most anticipated events, they showed men's and women's CURLING in it's entirety even when it's time overlapped the hockey. I can't understand the depth of stupidity that went into that decision.

34 posted on 04/17/2010 6:42:43 AM PDT by Varda
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To: Zakeet

Just another bright light in this gloomy economy! BWAAAHAAAHAAA!!!!!!!!!


35 posted on 04/17/2010 6:56:20 AM PDT by US_MilitaryRules (Where is our military?)
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To: Varda
because they think this is what female viewers want

That is why NBC had so much ice dancing, while hockey was pushed to MSNBC and CNBC.

That is, until the viewership of the hockey games was so much higher than NBC's ice dancing. Then, they pulled the hockey finals back to NBC.

[One would think that, after years of losing money on women's basketball, NBC would have learned a valuable lesson.]
36 posted on 04/17/2010 7:35:01 AM PDT by TomGuy
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To: 1rudeboy; stephenjohnbanker

You are both forgetting the huge help GE got for its bad investments from the government this past two years.

Wasn’t it GE that owned one little bank somewhere and used that to qualify ALL if its bad debts for the bailout?

Screw GE and any other entity that got those dollars from the government. There was no reason a single dollar was handed out to any company.

If you made a bad investment, you should have to live by it—not make the taxpayer foot your bill.


37 posted on 04/17/2010 7:43:40 AM PDT by ConservativeMind (Hypocrisy: "Animal rightists" who eat meat & pen up pets while accusing hog farmers of cruelty.)
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To: ConservativeMind
Now that's an interesting thought: take our money (already taxed once or twice), and give it to GE and complain that it doesn't get taxed once again.
38 posted on 04/17/2010 7:47:45 AM PDT by 1rudeboy
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To: 1rudeboy

You don’t understand. I don’t have a problem with companies not paying taxes.

I have a problem with companies getting free government dollars to cover for the companies’ bad decisions—especially when they connive to have their whole corporation under the umbrella of a small town bank for that bailout.


39 posted on 04/17/2010 7:50:39 AM PDT by ConservativeMind (Hypocrisy: "Animal rightists" who eat meat & pen up pets while accusing hog farmers of cruelty.)
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To: ConservativeMind

I don’t even know if GE received cash, if you do, please share. I know that GE Capital received some loan guarantees, but it’s not the same thing.


40 posted on 04/17/2010 7:52:30 AM PDT by 1rudeboy
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To: Zakeet

They deserved it. What crappy coverage.


41 posted on 04/17/2010 7:56:09 AM PDT by r9etb
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To: r9etb

I really don’t get it: people tune-out the Olympics because the broadcasts show fewer and fewer sports, and NBC’s response is to show fewer and fewer sports.


42 posted on 04/17/2010 7:59:57 AM PDT by 1rudeboy
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To: o2bfree

This is still a fantastic deal for GE!

$200 million in advertising is nothing to them — they’re getting billions and billions from the government in return for pushing the green agenda!!!


43 posted on 04/17/2010 8:05:46 AM PDT by o2bfree (This president is giving me a headache!)
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To: 1rudeboy

Since GE was partly responsible for getting the old light bulbs banned by Congress in a couple of years, I am already going to be paying a lot more for light bulbs.


44 posted on 04/17/2010 8:08:14 AM PDT by packrat35 (Planned Parenthood - Keeping healthcare costs down, one fetus at a time)
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To: packrat35

Right . . . do you want to pay even more? That’s my question.


45 posted on 04/17/2010 8:09:04 AM PDT by 1rudeboy
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To: 1rudeboy
“General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks.

At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.”

http://www.washingtonpost.com/wp-dyn/content/article/2009/06/28/AR2009062802955.html

I want every last dollar back from them.

46 posted on 04/17/2010 8:11:15 AM PDT by ConservativeMind (Hypocrisy: "Animal rightists" who eat meat & pen up pets while accusing hog farmers of cruelty.)
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To: TomGuy

I like watching women’s figure skating largely because it is a front and center display of the feminine athleticism, grace and beauty. That’s the exact reason I have no interest in women’s basketball, hockey etc.
Size, strength, speed and aggressiveness are male traits. I like seeing them in men (hockey is a wonderful display of it). Watching women in sports that highlight male traits is an uninteresting mismatch to me. Given the ratings, I must not be alone.


47 posted on 04/17/2010 8:13:10 AM PDT by Varda
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To: 1rudeboy

Non-sequiter, I am not buying GE products anymore, the government can tax the crap out of them, for all I care. They deserve it as they cost me money personally, no matter who I buy bulbs from.

They took away my choice and cost me money, so I hope they fail or get taxed more.


48 posted on 04/17/2010 8:14:31 AM PDT by packrat35 (Planned Parenthood - Keeping healthcare costs down, one fetus at a time)
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To: ConservativeMind
GE participating in that program hasn't cost you a cent. Yet.

It might, and it might not. Stop acting like it has already.

49 posted on 04/17/2010 8:14:42 AM PDT by 1rudeboy
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To: 1rudeboy

I don’t think you understand. If a company engages in things that restrict the general populace from their freedoms, rather than letting the buyers make such decisions sfor themselves, they must be fought against.

They are making life more expensive to only line their own pockets and not competing in the marketplace for our dollars.

Read your Ayn Rand.


50 posted on 04/17/2010 8:14:43 AM PDT by ConservativeMind (Hypocrisy: "Animal rightists" who eat meat & pen up pets while accusing hog farmers of cruelty.)
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