NBC admits Games loss
Tuesday 25 August 1992
Network executives refused to comment on estimated losses of between dollars 40m and dollars 100m. They said accounting had not been completed for the Games, which NBC showed on both its usual prime-time network broadcast and on three 24-hour-a-day cable channels. Cable subscribers paid a premium to see the supplementary coverage, provided through a joint venture with Cablevision Inc.
But NBC's president, Robert Wright, said the network had a 'tolerable loss' in light of the exposure the Olympics broadcast gave to other NBC programmes. The American networks take advantage of the large audience for the Games to advertise their autumn schedules.
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