- Associated Press - Wednesday, May 4, 2011

LOS ANGELES (AP) - Comcast plans to spend an extra $300 million this year on newly acquired NBCUniversal, mostly to pay for new prime-time shows in a turnaround effort at broadcaster NBC.

NBCUniversal CEO Steve Burke disclosed the figure on conference call with analysts Wednesday following the release of Comcast Corp.’s upbeat first-quarter results.

But Burke said the turnaround of the fourth-ranked network will take several years.

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