The earnings of these US Big US Cable TV & Radio Corps have rocketed under the Obama Administration.
For the most recent year 2011, these 16 US Big Cable TV & Radio Corps registered Total Pretax Income of $31.7 bil, which was an increase of a robust 33% from 2010, and an even more robust 84% from 2009.
In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairments, Gains/Losses on Debt Retirements, Gains/Losses on Asset Dispositions, and Gains/Losses on Derivatives.
Clearly, the Obama Administration has created a US economic environment which has permitted these US Big Cable TV and Radio Corps to flat out flourish.
Below here is the Pretax Income of these 16 US Big Cable TV & Radio Corps for each of the most recent three years.
| Obama | |||||
| Bump | |||||
| PTI | PTI | ||||
| 1 Year | 2 Year | ||||
| PTI(L) | PTI(L) | PTI(L) | % | % | |
| 2011 | 2010 | 2009 | Change | Change | |
| mils $s | mils $s | mils $s | |||
| Cable TV & Radio | |||||
| Comcast | 8,207 | 6,104 | 5,106 | 34% | 61% |
| News Corp | 4,177 | 3,323 | 2,161 | 26% | 93% |
| DirecTV | 3,984 | 3,514 | 2,325 | 13% | 71% |
| Viacom | 3,245 | 2,838 | 2,417 | 14% | 34% |
| TimeWarnerCable | 2,462 | 2,196 | 1,912 | 12% | 29% |
| DISH Networks | 2,094 | 1,767 | 1,374 | 19% | 52% |
| CBS | 2,083 | 1,222 | 653 | 70% | 219% |
| Discovery Comm | 1,430 | 1,071 | 787 | 34% | 82% |
| Liberty Media | 1,059 | 116 | (38) | 813% | 2887% |
| ScrippsNetworksInter | 883 | 736 | 531 | 20% | 66% |
| Liberty Interactive | 855 | 547 | 465 | 56% | 84% |
| Cablevision Syst | 479 | 479 | 386 | 0% | 24% |
| Sirius XM Radio | 441 | 168 | (78) | 163% | 665% |
| Liberty Global | 430 | 140 | 141 | 207% | 205% |
| AMC Networks | 232 | 206 | 159 | 13% | 46% |
| Clear Channel Comm | (394) | (683) | (1,136) | 42% | 65% |
| Total all 16 | 31,667 | 23,744 | 17,165 | 33% | 84% |
