Huffpost Media

NBC Universal Earnings Drop 45 Percent In Q1

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The bad news for NBC Universal: The TV & movie powerhouse saw earnings drop 45 percent in the last quarter. The good news: The GE unit says that if you stripped out one-time costs, charges, etc, it would have only been down something like 15% - 25%. That's right: For media conglomerates this quarter, down 20% is the new up.

Read the whole story at AllThingsD