I found 11 US Cable, TV & Radio Corps with Pretax Income or Loss of at least $100 mil each in the most recent 4Q 2011.
These 11 US Cable, TV & Radio Corps generated Total Pretax Income growth of a very robust 24% in the most recent 4Q 2011.
The main drivers of this very nice earnings growth were Comcast, NewsCorp and the Liberty companies.
I think it is very good for the overall US economy to have this important sector generate 24% earnings growth in the same quarter that the 4 largest Big Oil Corps that dominate register earnings growth of only 2%.
Below here are these 4Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................4Q.........4Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Comcast.................................2,386.....1,706.......680.....40%
News Corp(1)..........................1,375.....1,033.......342.....33%
Viacom.....................................917........960........(43).....-4%
DirecTV....................................794........724.........70.....10%
Time Warner Cable(2)...............678........593.........85.....14%
CBS(3).......................................541........502.........39.......8%
DISH Networks(4).....................469........472.........(3).....-1%
Liberty Interactive(5)...............447........313........134.....43%
Discovery Communications.......345........317.........28.......9%
Liberty Media(6).......................345...........61.......284...466%
Scripps Networks Interactive....250........203.........47.....23%
Total all 11.............................8,547......6,884.....1,663.....24%
(1) News Corp 2011 PTI excludes Gain from Consolidation of Fox Pan American Sports. Its 2010 PTI excludes Goodwill Impairment Charge.
(2) Time Warner Cable 2011 PTI excludes Asset Impairment Charge.
(3) CBS 2010 PTI excludes Loss on Debt Extinguishment.
(4) DISH Networks 2010 PTI excludes Special Litigation Charge.
(5) Liberty Interactive 2011 PTI excludes Gains on Financial Instruments. Its 2010 PTI excludes both Gains on Financial Instruments and Gains on Asset Dispositions.
(6) Liberty Media 2011 PTI excludes Gains on Financial Instruments. Its 2010 PTI excludes Gains on Financial Instruments and Special Litigation Settlement Credit.
