- Cable networks continue to drive profits for the parent companies that own them, according to fresh number crunching from The Hollywood Reporter.
- Advertising revenue and carriage fees from cable TV now accounts for close to 60% of all profits at the media conglomerates.
- 2013 cable network revenue: Disney (DIS) +7.6% to $5.1B; Time Warner (TWX) +10.4% to $3.9B; Viacom (VIAB) +11.2% to $3.1B; NBCUniversal (CMCSA) +6.6% to $2.6B; CBS (CBS) +11.7% to $699M.
Media giants ride cable networks to lush profits
Jan 6 2014, 09:33 ET