NBCU Q4 Profits Down 6 Percent

NEW YORK: NBC Universal’s fourth-quarter profits fell 6 percent to $865 million, on revenues that were down 3 percent to $4.4 billion.

The results were announced by GE as part of its fourth-quarter and full-year figures. Jeff Immelt, the chairman and CEO of GE, noted that "strong cable earnings were offset by declines in the local stations" at NBCU.

For the year, meanwhile, revenues were up 10 percent to $17 billion, with a stable profit of $3.1 billion.