CNBC’s Profitability…

The Hollywood Reporter’s Georg Szalai writes about a profitable CNBC…(via News on News)

CNBC is in its fourth year of double digital profit growth, president Mark Hoffman said here Wednesday, highlighting that the network’s coverage of the financial crisis elevated its viewership abroad and reach in digital media to new heights.

Speaking at the annual UBS Global Media and Communications Conference, Hoffman also said he is excited about CNBC’s outlook under the likely future ownership by Comcast, which is looking to acquire a 51% in parent company NBC Universal.