Seeking Alpha

Media giants ride cable networks to lush profits

  • 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.
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