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General Electric, owner of television's most profitable network, NBC, completed its agreement to acquire the entertainment assets of Vivendi Universal.
General Electric, owner of television's most profitable network, NBC, completed its agreement yesterday to acquire the entertainment assets of Vivendi Universal in a deal that executives said would create a new entertainment conglomerate better able to compete with media giants like Viacom, Time Warner, the Walt Disney Company and the News Corporation.
NBC, which is owned by General Electric, has been the most profitable network for years.
NBC's pretax earnings were up by 18%, to $1.65 billion, making it once again America's most profitable network.
The problem is addressed using a mixed integer non-linear model to find the most profitable network and mitigation policies.
GE Chief Executive Jeff Immelt Jeff Immelt told investors in December that he expects NBC's pretax earnings to be up by 15%, to $1.6 billion, when the company releases its 2002 results Jan . 17 and those results will surely be met by the country's most profitable network.
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"BET is one of the most profitable networks," said Dennis Leibowitz, a media analyst with Credit Suisse First Boston.
By comparison, NBC, the most profitable broadcast network, will have earnings of just over $500 million this year.
In his 17 years at NBC, Mr. Wright has turned it into the most profitable broadcast network and one of the most profitable divisions of G.E.
For the last three years, for example, NBC was by far the most profitable broadcast network, even though it was the only one that lacked ties to a major studio.
But it has some fiercely loyal sons and none more so than Canada's most powerful media mogul, Izzy Asper.Mr Asper controls the country's most profitable television network and a chain of more than 100 newspapers across the country, which he bought 18 months ago from Conrad Black.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com