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Analyst: NBC Network Worth NEGATIVE $600 Million, USA Network Worth $11.7 Billion

Categories: 1-Featured,Featured,TV Business

Written By

September 27th, 2010

USA Network is the most valuable part of NBC Universal at $11.7 billion, but the NBC network is worth a negative $600 million, according to Wunderlich Securities analyst Matthew Harrigan.

via THR.com.

Here's a roundup of the valuations given in that THR.com article, click through for the entire article:

NBC Network : -$600 million

USA Network: $11.7 billion

Universal Studios: $4 billion

Broadcast division as a whole (including NBC, Telemundo and local stations): $3.5 billion

Syfy: $6.3 billion

CNBC: $3.9 billion

MSNBC: $2.9 billion

Bravo: $2.6 billion

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  1. Anonymous

    easy to explain, USA runs on almost nothing. Very little original programming, meaning less expensive. Plus, it receives money from every cable subscriber in the country.

    NBC on the other hand:
    Gives ad time to affiliates
    Spends millions on programming (almost all original)
    Has no “Subscribers” to get money from.

  2. Anonymous

    easy to explain, USA runs on almost nothing. Very little original programming, meaning less expensive. Plus, it receives money from every cable subscriber in the country.

    NBC on the other hand:
    Gives ad time to affiliates
    Spends millions on programming (almost all original)
    Has no “Subscribers” to get money from.

  3. Alex

    And for the record these numbers are why all the people who bemoan Jeff Zucker on the basis of NBC’s performance alone are idiots who need to take a step back and look at the bigger picture.

  4. Alex

    And for the record these numbers are why all the people who bemoan Jeff Zucker on the basis of NBC’s performance alone are idiots who need to take a step back and look at the bigger picture.

  5. TK313

    WONDER HOW TIME WARNER COMPARES

  6. Given a similar analysis of Disney and News Corp TV properties, my guess is that the numbers would be in the same ballparks. Perhaps not negative for ABC Network, but certainly ESPN would be by far the most valuable part of the Disney television empire.

  7. Either idiots, or so focused on their personal objective (fans, the broadcast shows I want to watch), Hollywood (employment on broadcast primetime shows) that they behave idiotically.

  8. Either idiots, or so focused on their personal objective (fans, the broadcast shows I want to watch), Hollywood (employment on broadcast primetime shows) that they behave idiotically.

  9. Either idiots, or so focused on their personal objective (fans, the broadcast shows I want to watch), Hollywood (employment on broadcast primetime shows) that they behave idiotically.

  10. Julia

    I believe HBO is the most lucrative part of Time Warner’s TV properties. Just goes to show how much subscriber fees are worth.

  11. Julia

    I believe HBO is the most lucrative part of Time Warner’s TV properties. Just goes to show how much subscriber fees are worth.

  12. I would venture a guess that Time Warner’s top cable nets (TBS and TNT) are in the $5-10 billion valuation range looking just at that USA valuation.

  13. I would venture a guess that Time Warner’s top cable nets (TBS and TNT) are in the $5-10 billion valuation range looking just at that USA valuation.

  14. Julia is probably correct, but I couldn’t even hazard a guess as to HBO’s value.

  15. Julia is probably correct, but I couldn’t even hazard a guess as to HBO’s value.

  16. Nathan

    Those cable networks were already profitable before Zucker took over NBC Universal; I don’t see any reason to give him credit for not getting in the way of networks whose profits were already trending upward. It’s easy to blame him for what happened at NBC broadcast because he was directly in charge of NBC when it began its collapse.

  17. Nathan

    Those cable networks were already profitable before Zucker took over NBC Universal; I don’t see any reason to give him credit for not getting in the way of networks whose profits were already trending upward. It’s easy to blame him for what happened at NBC broadcast because he was directly in charge of NBC when it began its collapse.

  18. Anonymous

    The USA Network may be the most valuable part of NBC Universal, but look what comes in SECOND: Syfy at $6.3 billion. Impressive.

  19. Anonymous

    The USA Network may be the most valuable part of NBC Universal, but look what comes in SECOND: Syfy at $6.3 billion. Impressive.

  20. Anonymous

    The USA Network may be the most valuable part of NBC Universal, but look what comes in SECOND: Syfy at $6.3 billion. Impressive.

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