In their third-quarter investment call, General Electric, the parent company of NBC Universal, said they earned $1B in revenue by televising the Olympics, but they wrote a loss on the event. They didn’t disclose the size of the loss on the call.
How did they spend more than $1B televising the Olympics?
I’m economically confused today.
Well let’s see, shall we?
A company rakes in a billion dollars and employs illegal immigrants, and then expects middle-class to pay the health coverage for those illegal immigrants once they get sick or have babies.
Now California is crying were are broke. The money is not ‘lost’ just hidden.
Here Beet… Let me explain it so you can understand:
Say you had 2 chickens and a goat…
….and you killed the chicken and stabbed the goat in a fit of hunger cus it was your time of the month. Then you eat $32.17 worth of fried chicken and goat’s ass until you realize “Aww shit…I coulda had a lifetime supply of eggs and milk for free and wouldn’t have had to wear that ridiculous yet kinda kinky chicken costume.”
If you minus the cost of what NBC spent to cover the Olympics and then add in what they would have made in advertising and royalties by broadcasting their usual boring shit, it probably does come out to be more.
MARRY ME TSS
it’s called finantial engineering
I don’t understand what PoliteTia is talking about….. like… how is that relevant to anything at all?
Maybe she just misunderstood the blog entry? Now I’m confused.
Me thinks PoliteTia is just generally irrelavant and misunderstands everything.
There are cookbooks written by chefs, and there are cooking the books, which is done by accountants. These are the corporations the republicans want to give a tax break to.
@ Daver. “there are cooking the books” – the are means you are referring to “cooking the books” as some kind of noun in plural form, though it makes no sense.
“which is done by accountants” means you were referring to cooking as a verb…but are accountants now their own corporation? Dude, I don’t like the republicans either, but I’m really trying to figure out how you are connecting NBC to accounting fraud when they would have then PUT THEMSELVES in the red by doing so.
but I’m really trying to figure out how you are connecting NBC to accounting fraud when they would have then PUT THEMSELVES in the red by doing so.
If you don’t know the tax advantages of showing a loss on an investment, I really can’t help you, you need to learn basic business skills.
You and me both.