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.