Burke: NBC Is Leaving $1 Billion on the Table

Network exec vows to gain equal footing with rivals

NBC is consisting on crumbs while its broadcast television rivals dine like kings, and Steve Burke is fed up.

Speaking to investors Thursday at the Bank of America Merrill Lynch 2012 Media, Communications & Entertainment Conference, the NBCUniversal CEO said the Peacock doesn’t generate anywhere near the operating cash flow of CBS, ABC and Fox. 

“There are four companies that each have the same infrastructure and yet one company is making on average $1 billion a year less than the other three,” Burke said.

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