Posted on 04/17/2010 4:50:37 AM PDT by Zakeet
The tally is in: NBC lost $223 million on the Winter Olympics in the first quarter.
That's slightly better than the most recent estimate of $250 million in losses. Advertising sales have improved a bit since NBC parent General Electric Co. made that projection in late January.
The Olympics did bring about $800 million in extra revenue to GE. But NBC had a lot of production and other expenses, including $820 million just to acquire the rights to carry the Vancouver Games on television and online. That expense was cited as the main culprit for the red ink.
(Excerpt) Read more at cbsnews.com ...
I didn't see that we are on the hook for anything. Try again?
No, really! It was all over the place so much, he can't find a shred of evidence. Maybe Jeff Immelt and George Soros somehow erased all the proof. Really!
These guys make me laugh. Their signal to noise ratio keeps slipping, but their feelings make up for it.
He thinks that means that the covered debt is unsecured.
Maybe he thinks it means some debt is covered more than 100%?
Could you point me to where that information is? It’s not in the Post article, is it?
A couple of other items.
http://paidcontent.org/article/419-no-buyers-no-mags-rbi-shuts-down-23-u.s.-trades/
No Buyers, No Mags: RBI Shuts Down 23 U.S. Trades
http://www.americanprogress.org/issues/2010/04/ta041510.html
Think Again: CNN Sells Itself Again (and Again)
http://www.niemanlab.org/2010/04/satire-police-update-apple-to-reconsider-keeping-mark-fiores-cartoon-app-off-the-iphone/#more-15326
Satire police update: Apple to reconsider keeping Mark Fiores cartoon app off the iPhone
http://www.cjr.org/the_audit/its_time_for_the_press_to_push.php
Its Time for the Press to Push Back Against Apple
Ok, so now am I reading this correctly? GE Capital issues unsecured debt to investors in the form of bonds, based on the secured debt that it holds?
I’m not sure how their debt is structured/issued.
Well, I’m assuming they are bonds, from the information about them being “unsecured.”
In any case, we have strayed far afield from raging that, “GE took my tax money!”
I’ve yet to see proof they have. Maybe someone on this thread will surprise us. LOL!
Not a friggin’ chance. When two people post the same article that comes-up first in a Google search, and that doesn’t even prove what they purport it does?
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