ShopNBC Contributes to $215 NBC Universal Write-Down
January 23rd, 2009 Posted in Investors
NBC Universal Inc., the media subsidiary of General Electric Company, contributed $865 million in operating profit in the fourth quarter, down 6 percent from a year ago. Revenue fell 3 percent to $4.43 billion from $4.55 billion during the period. ShopNBC and the Ion television network were two of the investments contributing to the NBC Universal write-down. Associated Press on Forbes.com Jan. 23, 2009
