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.