NBC Uni revenues down, profits up


That's certainly better than the other way around, although it is still best to have both up. As he reported double digit earnings growth for all of General Electric in Q2, CEO Jeff Immelt said a strong upfront has given the media division "a solid foundation for future performance."

NBC Universal got little attention in Friday's conference call with analysts, who mostly had questions about the termination of GE's 8.1 billion bucks deal to buy some health care businesses from Abbott Laboratories and its plans to exit the sub-prime mortgage business and sell off some parts from GE Capital, although Immelt refused to give any clue as to which parts of the finance business might be sold off.

For the quarter, NBC Universal's revenues declined 6% to 3.63 billion bucks, while overall revenues for GE rose 12% to 42.3 billion. NBC Uni profits rose 2% to 904 million.