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Big Threes Revenues Increase 42%

By Staff -- Broadcasting & Cable, 11/5/2000 7:00:00 PM

Net revenues at the Big Three networks jumped 42.5%, to $2.6 billion, in the third quarter, thanks largely to the Olympics on NBC, according to Ernst & Young figures released by the Broadcast Financial Management Association. Sports advertising soared 280%, to $1.065 billion, sucking dollars out of news (down 9%), late night (down 6.5%) and daytime (down 4.5%). For the first nine months, Big Three revenues are up 25%, to $8.5 billion.

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