Media
A Bit Of Good News For GE (GE); NBC Gets $206 Million For Super Bowl
Published:
Last Updated:
GE (GE) is faced with a potential downgrade of its debt from "Aaa" status and angry investors who want to know why the company insists on having a TV network and medical supply company under the same corporate roof.
GE’s shares are now down to $12, off almost 65% in the last year compared to a 34% drop in the DJIA.
GE got a bit of good news today. NBC will post impressive advertising revenue for the Super Bowl.
According to the AP, "NBC said on the eve of Sunday’s Super Bowl that the television network has sold the last two of the 67 advertising spots for the game, pushing total ad revenue for the event to a record $206 million." Impressive accomplishment in this kind of market.
If NBCU keeps up the good work, GE may decide to hang on to the entertainment unit indefinitely.
Cold comfort for GE shareholders.
Douglas A. McIntyre
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
