NBCU's Q2 Earnings Tumble 41%

NEW YORK NBC Universal’s second-quarter earnings plummeted 41 percent to $539 million as revenue fell 8 percent to $3.57 billion. Adjusted earnings, which included a $95 million writedown of NBCU’s minority stake in Ion Media Networks and a one-time asset impairment charge of $8 million, were down 24 percent for the quarter.

Looking ahead at the second half of 2009, NBCU parent company GE projects the media conglomerate will see flat earnings vs. the prior-year period.

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