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NBCUniversal experiences head winds in 4th quarter

February 15, 2012
(Credit: Universal…)

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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Burbank grapples with filling void left by NBCUniversal operations

-- Meg James, Los Angeles Times

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