CEO says NBC set to ‘break even’ on Olympics
NBC is set to “break even” on its Olympics coverage, rather than lose money as previously expected, the head of NBCUniversal said Wednesday. The company had expected at one point to take a $200 million loss on the London Olympics. NBC paid $1.2 billion for the rights to show the games on TV [...]
Farm-state lawmakers are moving to create a whole new subsidy that would protect farmers when their revenue drops — an unprecedented program that critics say could pay billions of dollars to farmers now enjoying record-high crop prices. The subsidy, free insurance that would cover farmers’ “shallow crop losses” before their paid insurance kicks in, has [...]
Continue reading …Colorado lawmakers are promoting a tax amnesty program they hope will bring in millions of dollars. Delinquent taxpayers will have 45 days starting Oct. 1 to pay the state what they owe at half the interest rate and without penalty or criminal prosecution. The program being promoted on Monday applies to individuals and businesses that [...]
Continue reading …Revenue at Cripple Creek casinos increased during the summer months – up nearly $2.3 million from June to July. Average gross proceeds, or the amount the casino keeps after paying winners, were nearly $13.6 million in July, up from $11.3 million the previous month. Gaming analysts say revenue always increases in July, so the increase [...]
Continue reading …The Bureau of Land Management Colorado state office sold a parcel totaling 820 acres for $3,018, including rentals and fees at its quarterly oil and gas lease sale. The per-acre price for the parcel in Rio Blanco County was $2, and sold to Retamco Operating Inc., in Red Lodge, Mont. Colorado will receive 49 percent [...]
Continue reading …Spectranetics Corp. recorded revenue of $32.2 million during the second quarter, a 7 percent increase above last year for the same period. “The second quarter results reflect continued progress on our key growth initiatives,” said Jason Hein, senior vice president of sales, marketing and business development. “Laser placements remain strong.” The company’s lead management revene [...]
Continue reading …Ramtron International, based in Colorado Springs, posted a 58 percent increase in revenue compared to the first quarter of this year. The increase in second-quarter revenue was due to more support from the company’s Texas wafer source, assembly and test subcontractor, which allowed the company to start shipping its products in greater volume. However, the [...]
Continue reading …Colorado Springs sales tax revenue is higher than it was this time last year and is on track to come in over budget by year’s end. The city’s 2011 mid-year financial report shows sales and use tax revenue — which accounts for 80 percent of the general fund — was $36.5 million as of June [...]
Continue reading …Casino revenue is down in Colorado and most in the industry have posted a net loss for the last three years, so casino operators are looking forward to the relief that will come with a 5-percent tax reduction that goes into effect July 1. That tax cut will mean less funding for community colleges and [...]
Continue reading …Cost cutting was the theme of 2009. For 2010, there has been a shift to top-line revenue growth which is vital to sustained long-term success for middle market companies. Lead generation is a challenging piece of the revenue-building process in any type of economy. Lead generation is a deliberate and organized process of attracting and [...]
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