Programs/Content
Downton popularity, Sprout sale contribute to $30.7 million budget surplus for PBS
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PBS is once again enjoying a budget surplus, thanks in part to the continuing success of Masterpiece’s hit British costume drama Downton Abbey. PBS Chief Financial Officer Barbara Landes told the board’s finance committee Monday that net income for fiscal 2014 totaled $30.7 million. This year, $10.4 million of that total is a one-time windfall due to the sale of PBS’s 15 percent equity share in the kids’ cable network Sprout. NBCUniversal Cable Entertainment Group acquired full ownership of Sprout, formerly called PBS Kids Sprout, in November 2013. PBS operations generated $20.3 million, thanks to better than expected returns on short-term investments, revenue-generating activities such as online sponsorship and mobile apps, and lower operating expenses, according to Landes.