NBCUniversal owner Comcast is seeing its businesses amid the novel coronavirus pandemic trending in line with or "maybe a touch better" than forecast at the end of April, CFO Michael Cavanagh told an investor conference on Tuesday. "We are trending better" in advertising for each recent month, meaning "green shoots, but "no big changes" to TV advertising and the predicted big ad hit in the second quarter, he said.
He also addressed the dispute Universal Pictures has had with cinema operators about premium VOD, saying the format has been "constructive and helpful relative to what otherwise would have been the case for us" amid the virus crisis.