October 10, 2013 |
John Malone's Liberty Media Corp. has paid Comcast Corp. $417 million in cash to buy back shares in Liberty Media that Comcast held. Comcast's interest in Liberty dates back to the Philadelphia-based cable company's sale 10 years ago of its stake in TV home shopping network QVC. Comcast owned about 6.3 million shares of Liberty. Thursday's deal also ended a long-standing revenue-sharing agreement involving the business news network, CNBC. Englewood, Colo.-based Liberty received a portion of CNBC revenue in a complicated arrangement that dates back at least two decades.
October 10, 2013 |
After the coffee. Before rooting for the Tigers to beat the A's. The Skinny: How do the St. Louis Cardinals do it? Every year they are in the running. That is some smart management and the Dodgers will have their work cut out for them. Thursday's headlines include a deal between Comcast and Twitter, clouds over Katie Couric's daytime show and CBS overhauls its struggling Monday night lineup. Daily Dose: Satellite broadcaster Dish Communications is in another spat with a broadcaster.
October 9, 2013 |
Comcast Corp. has struck a partnership with Twitter to try to capitalize on the huge volume of social media conversations that occur about TV shows. Twitter has turned out to be a digital water cooler with thousands of people around the country simultaneously engaging in real-time conversations on Twitter about favorite television shows or sporting events as they unfold. Media companies, including Comcast, have been scurrying to find ways to channel these conversations that occur on the so-called "second screen" into more viewers for their television programming.
October 2, 2013 |
With an eye toward consolidating its Los Angeles-area operations, Comcast Corp. has purchased 10 Universal City Plaza, the tallest office building in the San Fernando Valley, for its NBCUniversal division. Comcast's NBCUniversal unit is the largest tenant at the property, which sold for about $420 million, according to three sources with knowledge of the matter. The deal with seller Normandy Real Estate Partners closed Tuesday. According to real estate sources who were not authorized to comment publicly, the 35-story building in Universal City sold for about $516 per square foot. The transaction is one of the biggest commercial real estate deals in Los Angeles County this year.
September 30, 2013 |
After the coffee. Before over-analyzing the end of "Breaking Bad. " The Skinny: I was all set to see "Don Jon" on Sunday but the ArcLight in Hollywood had other plans and canceled the early afternoon screening in the dome. A text or an email might have been nice! At least the Redskins won. Monday's Morning Fix includes the box office recap, a review of the "Breaking Bad" finale and a regional sports network filing for bankruptcy protection. Daily Dose: Seems that for once most critics and viewers agree that the finale of "Breaking Bad" delivered.
September 27, 2013 |
Bloomberg TV may finally be getting better real estate on Comcast's cable systems. The Federal Communications Commission has upheld a decision it made last year ordering Comcast to put Bloomberg TV -- a financial news outlet -- within the same neighborhood containing other news and business journalism outlets, including CNBC, which is owned by the cable giant. Bloomberg had complained to the FCC that Comcast was favoring its own channels at the expense of Bloomberg. That was a worry Bloomberg expressed when Comcast first unveiled its plans to acquire control of NBCUniversal, the entertainment company that owns MSNBC and CNBC.
September 8, 2013 |
Almost 18 months ago, my family made what felt like an epic decision in our lives: We canceled our cable TV package. I started reflecting on our cord cutting adventures recently amid all the wailing and gnashing of teeth over the CBS-Time Warner dispute that left the Los Angeles region unable to watch reruns of "Two and a Half Men" for a whole month. Oh, the humanity. One topic that got a lot of attention was the supposed increase in people cutting the cord, and how that might be a good way to stick it to those greedy bosses who run these media and cable goliaths. Dream on. I've learned two big things in my post-cable TV life.
September 4, 2013 |
The Tennis Channel has lost its bid for a review of a pivotal court decision in its marathon legal match against cable giant Comcast Corp. On Wednesday, the District of Columbia Circuit Court of Appeals denied the Tennis Channel's petition that asked the full panel of judges to hear its case accusing Comcast of anti-competitive behavior. In May, Comcast won a unanimous court victory when three members of the U.S. Court of Appeals for the D.C. circuit ruled that the Tennis Channel had failed to prove that Comcast was guilty of discrimination by placing the Tennis Channel in a higher-priced sports tier with fewer subscribers.
August 23, 2013 |
Suppose, for the purpose of argument, that by the time you read this Time Warner Cable and CBS have settled their schoolyard dispute over transmission fees, and your CBS and Showtime shows are available again on your Time Warner cable box. Problem solved, right? No. The problem's just beginning. I bet you know it, though you may not know you know it. Let's say that as a Time Warner Cable residential customer, you made up for the loss of CBS programming by watching more on Netflix.
August 16, 2013 |
Comcast Corp. has increased the salary of NBCUniversal Chief Executive Steve Burke and extended his tenure through August 2018. The Philadelphia-based cable TV giant on Friday said it has extended Burke's employment contract for five years and provided him with a nearly 20% bump in base salary to $2.6 million, up from $2.2 million, effective Sept. 1. Comcast cited Burke's efforts to sharpen NBCUniversal's business strategy, including making beneficial acquisitions and dramatically improving the company's financial performance, as reasons to renew his contract.