NBC revs down, profits up

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General Electric Co. reported Friday that NBC's revenues dipped 2% in the second quarter to $1.95 billion and for the first half were down 14% to $3.4 billion.

Part of that falloff is the comparison to Olympic Games money it had in early 2002.

Operating profits are up, however: 26% in the second quarter to $638 million and 20% for the first half to just over $1 billion.

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