Filed under: BROADCAST/CABLE | Tags: Arts, Cable television, General Electric, Immelt Jeffrey R, NBC, NBC Universal, Television, Time Warner
NBC Universal will post a $3 billion profit in 2008 and has “a fighting chance” to turn in flat earnings next year, according to Jeffrey Immelt, the CEO of NBCU parent General Electric. Immelt told investors that TV stations are feeling the recession but that his corporation has been successful, in part, because it has aggressively diversified into cable TV programming. 
ClipSyndicate/Bloomberg (12/16) , Adweek (12/17)
Looking to replicate NBC Universal’s ratings success with the 2008 Olympic Games, Time Warner and CBS are in preliminary talks about combining their cable and broadcast assets in a bid to win TV rights for the 2014 and 2016 Olympic Games, according to this report. If successful, the combo would include TV platforms such as TNT, TBS and CNN. USA TODAY/The Associated Press (12/17)
HBO promoted the pilot “Hung” to full-series status with a premiere date expected in June. The show is described as a dark comedy about a high-school basketball coach who finds a way to leverage his below-the-belt asset. The Hollywood Reporter (12/18)
Production is underway in Los Angeles on Party Down the new original series from Starz Entertainment and television production unit Starz Media. The 30m comedy is about a six-person catering team working in L.A. with each hoping for their big break. (Cynopsis 12/18)
ABC Family brings back its summer series The Secret Life of the American Teenager with twelve new one-hour episodes. Moving to Mondays this season, the series will debut January 5 at 8p and is produced by Prodco, Inc. in association with Brendavision. (Cynopsis 12/18)
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