Higher retransmission consent fees are a driver of the gains to $1.8 billion.
The Comcast CEO is looking to fortify his company for an increasingly competitive era. He believes that the $45-billion takeover of Time Warner Cable will help do that, particularly as major technology companies, including Google Inc., Apple Inc. and Amazon.com, try to crowd into America’s living rooms to control the TV-watching experience.
A top Comcast Corp. executive says the company is in talks to license its latest technology, called X1, to other cable operators, which would help the industry better compete with telecom and satellite rivals.
John Malone’s Liberty Media Corp. has paid Comcast Corp. $417 million in cash to buy back shares in Liberty Media that Comcast held.
The Supreme Court narrowly ruled in favor of Comcast on Wednesday, holding that a group of its Philadelphia area subscribers claiming they were overcharged could not sue the cable operator in a certified class action.
Local gun shops in Comcast Corp. cable TV franchise area, which covers 50 million U.S. homes, won’t have the option of advertising on Comcast after this month.
Comcast Corp. saw its market value close above $100 billion for the first time, validating the bet it made on NBCUniversal almost two years ago. Since it bought a controlling stake in NBC on Jan. 29, 2011, Comcast’s stock has increased by more than two-thirds.
Investors were not impressed by the government’s report on GDP growth in 3Q, which wasn’t particularly strong anyway. Instead they focused on corporate earnings reports, some of which were disappointing.
The U.S. Court of Appeals for the D.C. Circuit has put the brakes on the FCC’s order last month requiring cable giant Comcast to make the Tennis Channel available to all of its subscribers.
NEW YORK (AP) — The new beIN Sport network has reached an agreement with Comcast Corp. to be carried on its Xfinity TV. Owned by the Al-Jazeera Sport Media Network, beIN Sport will be carried in English on the Xfinity TV Sports Entertainment Package and in Spanish on the Xfinity TV MultiLatino Package. It also […]
The Hatfields & McCoys is helping Comcast strike gold. The cable company is selling its NBCUniversal unit’s 15% stake in A&E Television Networks for $2.8 billion. That’s 40% more than the value Comcast attributed to the collection of cable networks in a regulatory filing just two months ago — on May 2.
Hulu.com owners Walt Disney Co., Comcast and News Corp. are close to buying out Providence Equity Partners’ stake at a price valuing the company at about $2 billion, said two people with knowledge of the matter. Providence is selling its 10% of Hulu for about $200 million after investing $100 million when the venture began in 2007, according to the people, who weren’t authorized to talk publicly.
NEW YORK (AP) — It’s become the routine in the cable industry that subscribers stream out the door every quarter, hanging up on cable in favor of service from satellite or phone companies. But in the October to December quarter, Comcast Corp. nearly managed to stop that flow. The country’s largest cable company on Wednesday […]
The company says the dip is due to soft ratings at the NBC network, lower political ad revenue at the owned stations and a quarter that was four days shorter than the previous year’s.
The 10-year agreement provides Xfinity TV customers broad access to sports, news and entertainment content across multiple screens in and out of the home. Also included are retransmission consent rights for the seven ABC O&Os.