NBCU's Profits Up 13% in the Third Quarter

GE released NBCU's third quarter profits today and profits were up a surprising thirteen percent. Though that's great for NBCU the most interesting part of the release was that profits had increased 13% despite the fact the revenue had actually gone down 20%. They increased profits to 732 million, up from 645 million last year in the same quarter. I knew NBCU was cutting costs, but wow, that's impressive that they could actually make a greater profit while actually bringing in a lot less money. Clearly, NBCU's other assets (aside from their broadcast network, NBC) must be having more success and covering the network's failures.