NBC Retrans Revenue Could Top $200M in 2013

Angelakis says he is hopeful Aereo litigation will prevail

By Mike Farrell, Multichannel News -- Broadcasting & Cable, 6/4/2013 11:47:14 AM

Comcast vice chairman and chief financial officer Michael Angelakis said retransmission consent revenue at its NBC broadcast stations is expected to rise five-fold this year, with exponential growth in the segment anticipated for the foreseeable future.

Angelakis, speaking at the Bank of America Merrill Lynch Global Telecom and Media conference in London Tuesday morning, said NBC retrans revenue was just under $40 million in 2012. He said that should leap to more than $200 million this year. And with 75% of its retransmission consent deals coming up in the next four years, Angelakis said there is an opportunity to continue to grow that segment "exponentially."

Angelakis also was optimistic about affiliate fee growth at its cable channels, adding that carriage renewals for the cable networks usually coincide with retrans negotiations.

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