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 ...
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.”
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/28/AR2009062802955.html
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.
Again, no. The government does not tax GE, it taxes you. And you pay that tax if you choose to purchase GE products, not purchase GE products, or shop for groceries at a store that uses GE products to light its aisles.
What are you smoking? TARP, hundreds of billions of dollars of mortgages and such have all been added to our national debt. GE owned a chunk of those mortgages which are now covered.
What part of this don’t you understand?
And your plan is to fight against GE by throwing dollar bills at it?
No they tax GE, not me cause I do NOT do business with them. However, GE has already taxed me, by getting the government to ban certain bulbs to their advantage.
They also got my tax dollars in the bailout.
The part where you blame GE for TARP when I can't find any information that it took TARP money?
Can someone please direct me to some information that indicates GE received tax money? Thanks in advance.
(I'm not saying that it didn't, just that I'm sceptical that it did).
“If you made a bad investment, you should have to live by it—not make the taxpayer foot your bill.”
I agree, but the “bailout” wasn’t a bailout any more than Health care reform was about health care.
A link to that article has been posted already, thanks. Now please direct me to the section where it states that GE received TARP money, or money from another source.
Do your own friggin research, its all over the web and was in the news.
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