NBC Network Is Worth ‘Negative $600 Million’

By Andrew Gauthier 

The Hollywood Reporter

USA Network is the most valuable part of NBC Universal at $11.7 billion, but the NBC network is worth a negative $600 million, according to Wunderlich Securities analyst Matthew Harrigan. He also puts the value of the Universal studio arm at about $4 billion.

Harrigan listed the valuation estimates in a research note on Monday following Friday’s news that Jeff Zucker will leave his role as CEO of NBC Universal to Comcast COO Steve Burke after the cable giant acquires the entertainment firm.


“Burke appears likely to focus on revitalizing the NBC networkand addressing digital media and subscription model initiatives,” Harrigan wrote. More…