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June 7, 2023

When accounting goes unaccounted for

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Comcast CFO Nerdily Points Out That, Technically, The Company Will Come Out Ahead on Olympics

by Caleb Newquist

On a call with analysts, NBCUniversal CEO Steve Burke announced that the network will break even on the Olympics, which is a pleasant surprise for the company since they initially projected a $200 million loss. Mr. Burke stated that he was strictly speaking on a "cash on cash basis" and then (this is my imagination […]