February 4, 2010
Comcast Corp. reported sharply higher fourth-quarter earnings, propelled mainly by a boost in broadband and phone revenue, and unveiled a new brand for its core cable TV operations as it transforms into a media conglomerate. On the eve of congressional hearings on its proposed purchase of a controlling stake in NBC Universal, Comcast said it would change the name of its cable TV, Internet and phone services to XFinity. The new brand will roll out in 11 markets Feb. 12 and expand nationally thereafter.
February 20, 2013 |
Comcast Corp. said its cable systems will stop accepting ads for guns or from retail outlets promoting gun sales as part of a new policy. A spokesman for the nation's largest cable operator said the approach is similar to one its entertainment unit NBCUniversal has for its broadcast TV stations. The moves come in the wake of the Newtown, Conn., school shooting that left 26 people dead. This doesn't mean Comcast is going completely gun-free. The NBC Sports Network, a cable channel, will continue to accept advertisements for weapons that are used for hunting, such as shotguns and rifles.
February 13, 2014 |
So will Comcast's roughly $45-billion merger with Time Warner Cable be good for consumers? To no one's surprise, Comcast Chief Executive Brian L. Roberts said Thursday that the answer is a resounding yes. Consumers will be the big winners here, he said. In Roberts' words, the merger would be "pro-consumer," "pro-competitive" and "in the public's interest. " But will it? The merger would allow Comcast to dominate the cable industry and to be the big dog in 19 of the nation's 20 largest pay-TV markets.
September 24, 2010 |
NBC Universal Chief Executive Jeffrey Zucker will step down once Comcast Corp. completes its takeover of the company, giving the new owners a chance to reshape management. Zucker, 45, told employees today of his decision to leave the company where he has spent his entire working career. Parent General Electric Co. also announced the decision in an internal memo.
February 15, 2012 |
Comcast Corp. beat analysts' estimates with a 26% increase in fourth-quarter profit, but two NBCUniversal units continued to struggle: the NBC broadcast network and Universal Pictures. For the quarter that ended Dec. 31, the Philadelphia cable television giant posted net income of $1.29 billion, or 47 cents a share, compared with $1.02 billion, or 36 cents, for the year-earlier period. Revenue climbed 3% to $15 billion. Once again, the company's core business of providing bundles of cable TV channels and high-speed Internet service bolstered its financial results.
February 24, 2014 |
Some small cable networks are worried that a combined Comcast and Time Warner Cable will make getting distribution more difficult. In a memo to his staff, Eric Sherman, chief executive of health and wellness channel Veria Living, said he is "not optimistic that this new development will be good for us or other independent networks. " Owned by Indian media giant Zee Group, Veria Living is a specialty channel that focuses on Eastern wellness practices. Its programs include "Got Zen?"