Stargate: Universe - Multichannel News: Zucker: Cable Earns 60% of NBCU Profit
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Zucker: Cable Earns 60% of NBCU Profit
by Mike Farrell -- Multichannel News, 3/23/2009
New York — Proclaiming to an audience of industry professionals that NBC Universal is in fact a cable company, CEO Jeff Zucker said that the strong performance of cable properties like USA Network, Sci Fi Channel (soon to be renamed SyFy), Bravo, Oxygen, CNBC and MSNBC in 2008 is expected to continue, despite the economic climate.
“We are, first and foremost, a cable-network company,” Zucker said at the McGraw-Hill Media Summit here last week. “People are confused by that because the first three initials of the name of our company are NBC. But the fact is, our cable portfolio is second to none, and responsible for 60% of our operating profit.”
Zucker said that growth isn't limited to one hit network or hit show — across the board, cable is outpacing the competition.
“Every one of our networks is in a tremendous zone right now, and a trajectory that is outperforming the market,” Zucker added ...
(Please follow the link for the complete article.)
Zucker: Cable Earns 60% of NBCU Profit
by Mike Farrell -- Multichannel News, 3/23/2009
New York — Proclaiming to an audience of industry professionals that NBC Universal is in fact a cable company, CEO Jeff Zucker said that the strong performance of cable properties like USA Network, Sci Fi Channel (soon to be renamed SyFy), Bravo, Oxygen, CNBC and MSNBC in 2008 is expected to continue, despite the economic climate.
“We are, first and foremost, a cable-network company,” Zucker said at the McGraw-Hill Media Summit here last week. “People are confused by that because the first three initials of the name of our company are NBC. But the fact is, our cable portfolio is second to none, and responsible for 60% of our operating profit.”
Zucker said that growth isn't limited to one hit network or hit show — across the board, cable is outpacing the competition.
“Every one of our networks is in a tremendous zone right now, and a trajectory that is outperforming the market,” Zucker added ...
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