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NEW YORK NBCU CEO Jeff Zucker on Monday told attendees at the UBS Media Conference that the company is well positioned to weather the recession and thrive when the recovery arrives — but indicated that its broadcast network must evolve over the long haul.
Currently, 80 percent of the company’s profits are derived from its cable operations and film studio. And with double-digit growth expected for cable (USA, Sci-Fi, Bravo, Oxygen, CNBC and others) this year and next, Zucker believes NBCU can ride out the rough economy.
That
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