Reuters reports that MSNBC.com, the joint venture between Microsoft Corp. and General Electric Co.'s NBC unit will turn a profit for the first time in the quarter which ended June 26. MSNBC.com says it was helped by record revenue of $45-million (US) for the entire year. There are no details in the Reuters report about revenues for the quarter.
Microsoft could likely fund MSNBC.com even if it never sold a single ad for, as Reuters points out, Microsoft's revenue for a single quarter is around $9-billion and MSNBC.com apparently needs less than $10-million every quarter or a little more than 1/1000th of what the software company.
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Who pays for this blog? I receive no fees, considerations, etc. etc. for the posts on this blog nor do I have any plans to accept any. My salary is paid by Canwest Global Communications Corp. I work for that company as the Ottawa-based National Affairs Correspondent for Canwest News Service. The blog publishing platform used here is called Blogware and it's developed by Tucows Inc. of Toronto, Ontario, Canada. My use of Blogware should not be taken as an endorsement of that company. Like all Blogware users, I do not pay any fees for the use of this service. I participate in program. Google pays me some money and, for that, I give Google some space on this site to display ads. Google sells those ads and Google, not me, decides what advertising content you are seeing. I do not filter these ads and take no responsibility for them. Readers should not assume I endorse any of the products or services advertised here. If you think other disclosures are appropriate in this space, I'd like to hear from you. All of my contact details are always at www.davidakin.com You can read more about this section |
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