Angelakis: Retrans a $200M Business for NBC by 2014
Comcast CFO expects retrans take to rise five-fold from 2012
By Mike Farrell, Multichannel News -- Broadcasting & Cable, 2/26/2013 4:42:46 PM
Speaking at the Morgan Stanley Technology, Media and Telecommunications conference in San Francisco, Angelakis said that raising retrans revenue is a top priority for NBC Universal, adding that the programming unit had received "minuscule" retrans fees in past years.
Retransmission increases is part of the broader NBCU strategy to close the monetization gap between the programmer and its peers. Included in that strategy is to attract higher advertising fees and CPMs at its cable networks.
At the conference, Angelakis said that NBC stations attracted about $40 million in retrans fees in 2012, compared to the negligible fees it received in prior years. And even with that increase, NBCU would lag far behind the retrans leader CBS, which has said it expects $500 million in retrans revenue in 2013.
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