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NBC loses a bundle on 2010 Winter Olympics
By: Bill O'ReillyApril 19, 2010
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STORY EXCERPT
Entertainment Weekly: NBC posted a $223 million first-quarter loss on the Olympics, the Associated Press reports. The good news: That's slightly better than the $250 million the network had originally projected. The games brought in $800 million in revenue to parent company General Electric, but also cost the network a bundle, including $820 million just for the broadcast rights.
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