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October 6, 2009
Comcast Corp. has amassed the country's largest cable TV operation, serving nearly one out of every four homes that pays for television programming. Yet it's not satisfied just to pipe entertainment and information to subscribers' TV sets and computers. It wants to own more of the content flowing through the systems it has built in California and 38 other states. Its latest gambit is a bid to control the entertainment assets of NBC Universal, including the NBC television network and Universal Studios.
April 27, 2014 | By Meg James
In what is billed as one of the nation's largest corporate-sponsored community service days, Comcast executives participated in improvement projects across the country -- including at an elementary school near Universal Studios in Los Angeles. On Saturday at Rio Vista Elementary School in North Hollywood, NBCUniversal executives painted murals on exterior walls of school buildings. Philadelphia-based Comcast owns NBCUniversal. The team included NBC Entertainment Chairman Bob Greenblatt, Universal Pictures Chairman Donna Langley, NBCUniversal Vice Chairman Ron Meyer, Filmed Entertainment Group Chairman Jeff Shell and Universal Studios Hollywood President Larry Kurzweil and E!
June 30, 2009 | Associated Press
Comcast Corp. plans to become the first major cable TV operator to roll out wireless broadband service outside of Wi-Fi hot spots. The Philadelphia-based company said it would launch the service today in Portland, Ore., with at least three other cities -- Philadelphia, Atlanta and Chicago -- to follow this year. The service, which uses WiMax technology, offers speeds of up to 4 megabits per second, faster than any comparable non-Wi-Fi service being marketed.
April 23, 2014 | By Meg James
The NBC broadcast network, after trailing in the ratings for nearly a decade, could finish the TV season in first place among viewers prized by advertisers. Comcast Corp. executives Tuesday lauded the peacock network's performance, which helped power the Philadelphia cable giant's earnings for the quarter ended March 31. This season, NBC has increased its prime-time audience among viewers ages 18 to 49 - the audience that advertisers pay a premium to reach. "The Blacklist" with James Spader and the singing competition show "The Voice" have been reliable performers.
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 | By Joe Flint
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 | By Jon Healey
Can your cable or broadband service get any worse? That's the question that comes to mind when reading the doom-and-gloom coverage of Comcast's $45-billion purchase of Time Warner Cable. One of the most common predictions from critics: the new company will push cable and broadband prices even higher than Comcast or Time Warner Cable have been able to do separately. That's because of the leverage Comcast will gain by acquiring Time Warner Cable. The combined company would hold about 30% of the pay-TV market (and roughly half of all customers served by a cable operator)
May 1, 2013 | By Meg James
Comcast Corp. posted strong first-quarter earnings with gains in nearly all of its business units -- except for the NBC broadcast network as the peacock's feathers once again got plucked. Dismal prime-time ratings at NBC contributed to a $35-million loss for the quarter for Comcast's broadcast segment. Broadcast revenue plummeted 18.5%, largely because NBC did not broadcast the Super Bowl this year. In 2012, NBC benefited from $259 million in Super Bowl advertising revenue. The network was further hurt because its hit singing show "The Voice" stayed off the schedule until late in the quarter.
February 24, 2014 | By Joe Flint
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?"
February 13, 2014 | By David Lazarus
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.
April 23, 2014 | By Joe Flint
After the coffee. Before analyzing the Redskins' 2014 schedule. The Skinny: Sorry we are a little late today. Had to jump on the HBO/Amazon story and make sure that was in our roundup. Other stories include recaps of Aereo's big day at the Supreme Court and Comcast and Charter are trying to work on a deal to swap and sell some cable systems. Daily Dose: The NFL will unveil its fall schedule this evening. Things to watch for will be what games CBS gets for its new Thursday package.
April 21, 2014 | By Joe Flint
After the coffee. Before catching up on "Mad Men. " The Skinny: I had trouble concentrating on "Mad Men" last night so rather than miss a detail, I turned off the TV. Now I just have to avoid all social media until I finish the episode. We have a pretty eclectic mix of stories today. Not only is there the box-office recap, but also profiles of Comcast insider David Cohen and FCC Chairman Tom Wheeler. In addition, the Washington Post had a very interesting story on "Meet the Press.
April 21, 2014 | By Ryan Faughnder
Higher prices are the new black for Netflix. The Los Gatos, Calif., streaming video company plans to raise prices for new customers by $1 or $2 a month this quarter, the company said Monday in its quarterly earnings release. Existing customers will continue to pay the current prices for "a generous time period," the company said. Access to the company's streaming video library currently costs $7.99 a month for suscribers in the United States, and Netflix has been experimenting with pricing models as it spends to improve its selection of movies and television shows and builds out its slate of original content.
April 11, 2014 | By Meg James
Cable and entertainment giant Comcast Corp. likes to keep things on an even keel.  Comcast Chief Executive Brian L. Roberts received a compensation package valued at $31.4 million last year, up 8% from 2012, according to a company filing Friday with the Securities and Exchange Commission. Meanwhile, Steve Burke, one of Roberts' chief lieutenants and chief executive of NBCUniversal, received $31.1 million in compensation in 2013 -- just below that of his boss.   Burke's compensation represented an 18% jump over his 2012 pay package of $26.3 million.
April 9, 2014 | By Joe Flint
Senior executives from Comcast and Time Warner Cable were grilled for more than three hours Wednesday about their proposed merger by a mostly skeptical Senate Judiciary Committee concerned that the more than $40-billion deal would be bad for consumers and competition. “Where's the beef? Where's the 'there' there for consumers?” asked Sen. Richard Blumenthal (D-Conn.), who added that there is a "general sense of skepticism" that a combination of the nation's biggest cable and broadband suppliers will benefit anyone other than the two companies.
April 9, 2014 | By Joe Flint and Meg James
Comcast Corp., already the nation's largest cable and Internet provider, says it needs to get bigger to compete against the formidable giants of Silicon Valley. The Philadelphia-based cable behemoth said in a government filing Tuesday that its proposed $40-billion acquisition of Time Warner Cable Inc. will benefit consumers without limiting competition. Both companies contend that they need muscle to compete against emerging competition from Google Inc., Apple Inc., Netflix Inc. and Inc. Comcast said in a 175-page document filed with the Federal Communications Commission that the deal would mean better Internet and cable TV service for millions of consumers.
September 24, 2010 | Bloomberg News
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.
July 11, 2012 | By Joe Flint, Los Angeles Times
Comcast Corp. has struck a deal to sell its minority stake in A&E Television Networks — whose holdings include cable channels A&E, History and Lifetime — for $3 billion. Although the sale was expected, the price tag was higher than Comcast originally thought its holdings were worth. Two months ago, when Comcast first disclosed that it had exercised an option to unload its 15.8% piece of A&E Television Networks to majority owners Walt Disney Co. and Hearst Corp., it said its stake was worth $2 billion.
April 8, 2014 | By Joe Flint
Comcast and Time Warner Cable told the government that their proposed marriage would "enhance consumer welfare and competition and deliver substantial public interest benefits. " In a 175-page filing with the Federal Communications Commission, the two cable and Internet giants said their combination will "provide unique benefits to both consumers and businesses" and "broadly advance the public interest in multiple concrete ways. " The public interest filing is phase one of Comcast and Time Warner Cable's efforts to get their deal -- valued at more than $40 billion through regulators and lawmakers.
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