NBCUniversal experiences head winds in 4th quarter
Comcast Corp. beat analysts’ estimates with a 26% increase in fourth-quarter profit, but two NBCUniversalunits continued to struggle: the NBCbroadcast network and Universal Pictures.
For the quarter ended Dec. 31, the Philadelphia cable television giant posted net income of $1.29 billion, or 47 cents a share, compared to $1.02 billion, or 36 cents per share, for the year-earlier period. Revenue climbed 3% to $15 billion.
Once again, the company’s core business of providing bundles of cable TV channels and high-speed Internet service bolstered its financial results. Comcast added 336,000 Internet customers during the quarter while losing 17,000 video subscribers, demonstrating that the cable company was doing a better job holding onto its customers than it did during the recession.
But NBCUniversal continued to be a mixed bag.
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-- Meg James, Los Angeles Times