Skip to comments.NBC Posts $223 Million Loss on Winter Olympics (Dinosaur Media DeathWatch™)
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 ...
The FCC better hurry up before it's too late for GE to flip the bird ... to Comcast.
The values determined by money coming in and money going out do not consider the propaganda value of all the short leftwing messages delivered
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
GE made 16.1 BILLION in profits, and paid ZERO income tax. Don’t cry for me, Argentina......
Doh! That’s gonna leave a mark.
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.
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.
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.
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
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.
How much more do you want to pay for a lightbulb in order to be happy?
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.
It’s time for Obammy to take over.
“How much more do you want to pay for a lightbulb in order to be happy? “
Answer = 4 cents.
Any more non sequiturs?
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.
I wonder how much they lost on Chris Matthews and Keith Olberdorkk.
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.
One step closer to the grave.
“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!
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.
“Fat bottom girls you make the rockin’ world go round......”
I enjoyed curling for awhile until NBC got caught up in it and it was all they showed on cnbc.
“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.
I could curl up with that....
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.
Just another bright light in this gloomy economy! BWAAAHAAAHAAA!!!!!!!!!
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.
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.
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.
They deserved it. What crappy coverage.
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.
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!!!
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.
Right . . . do you want to pay even more? That’s my question.
At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government.”
I want every last dollar back from them.
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.
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.
It might, and it might not. Stop acting like it has already.
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.