Word: studio
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...Wright. He had expanded NBC aggressively by acquiring or developing the cable channels CNBC, MSNBC and Bravo and the Spanish-language network Telemundo. But with the price of programming spiraling, he felt NBC was increasingly vulnerable as the only big network that wasn't aligned with a studio. NBC, for example, was bracing for a rumored $550 million demand from Universal this season for its Law & Order franchise. Meanwhile, advertising revenues were hobbled by a pallid economy and ad-zapping devices like TiVo, making sales of movies on DVDs and at the box office that much more attractive...
...combined NBC Universal should bring revenues of $13 billion, enough to move GE's top-line growth too. GE amassed sales of $132 billion last year. Still, says Rob Friedman of Standard & Poor's Equity Research Service, "I don't think Mr. Welch would have bought a movie studio...
Back to You in the Studio...
...they replaced it. It was not until several minutes later that I discovered that a huge chunk of North America was without power—that I had not, in fact, shorted the fuse that forced “World News Tonight” from its usual New York studio. In a strange way, I was relieved to learn that the rest of Manhattan was also without power...
Fahey’s announcement that the studio was giving the team members a makeover did nothing to ease his nerves...