What was that about the death of legacy media?

Here’s a small reality check courtesy of Media News Daily …

“Being fourth place as a TV network doesn't take away from NBC's financial resiliency. For its calendar year in fourth-quarter 2007, its parent General Electric reported NBC Universal's net profit grew 10% to nearly $1 billion -- $923 million. A year ago, NBC put up profits of $841 million. Revenue rose 8% at NBCU to $4.55 billion

NBC's stable financial gains over the past few periods come from its assortment of cable networks, which witnessed operating profit climb 23% on a revenue increase of 14% this current period. News channels MSNBC and CNBC saw double-digit ratings increases.”