July 31, 2013 |
Comcast Corp.'s second-quarter profit rose 29% with media company NBCUniversal contributing more to the bottom line than Wall Street analysts had expected. For the quarter ended June 30, the Philadelphia cable giant earned $1.7 billion, or 65 cents a share, up from $1.3 billion in the year-earlier period. Revenue was up 7% to $16.3 billion. NBCUniversal generated 8.9% higher revenue, to nearly $6 billion. PHOTOS: Celebrities by The Times Even the NBC broadcast division, which has been something of a financial laggard, hit some high notes.
July 25, 2013 |
Comcast Corp. Chief Executive Brian L. Roberts has extended his tenure at the nation's largest cable company -- for at least another year. Roberts isn't planning on going anywhere -- despite the seemingly short-term nature of the deal. His father, Ralph Roberts, founded the company a half century ago. What's more, Brian Roberts' employment contract had expired last month, according a filing Wednesday with the Securities and Exchange Commission. Rather than renegoitiate his entire agreement, Roberts simply amended the pact so that it runs through June 2014.
July 12, 2013 |
The Tennis Channel wants back on the court. The cable network has petitioned the full U.S. Court of Appeals for the District of Columbia in an effort to reverse a May ruling by three of the judges there regarding a dispute with Comcast Corp. In that ruling, the court said the Tennis Channel had not proved that Comcast Corp., the nation's largest cable operator, had discriminated against it by not offering the network to all its subscribers as it does for sports networks it owns, including the Golf Channel.
July 12, 2013 |
Like Lucy yanking the football away from Charlie Brown just when he's about to kick it, the owners of Hulu have once again pulled the plug on selling the popular online site. Those lying flat on their back include satellite broadcaster DirecTV, cable operator Time Warner Cable and the Chernin Group, which was partnering with AT&T on a bid. This is the second time in less than two years that Walt Disney Co. and 21st Century Fox have gone through an elaborate auction process to sell the site only to get cold feet . Hulu's third owner -- Comcast's NBCUniversal -- is a silent partner in the site.
June 28, 2013 |
Comcast Chief Executive Brian Roberts may not have to worry about scoring tickets to the Oscars anymore. The Academy of Motion Picture Arts and Sciences has invited Roberts to join the Hollywood power players who vote for the Oscars and get to attend lots of cool parties. Comcast is the parent of Universal Studios, so the addition of Roberts is not completely out of left field. Universal is already well represented in the Academy: Top executives Ron Meyer, Adam Fogelson and Donna Langley are members.
June 25, 2013 |
Comcast Corp. says Aereo, a company that distributes broadcast programming on the Web, violates its copyrights, but according to often-contrarian analyst Richard Greenfield of BTIG, the cable giant is fighting the tech firm at its own peril. Comcast has argued that the Web TV company distributes its content without permission, which hurts its broadcaster, NBC Universal. CBS, Fox and ABC have all made similar legal arguments. But Aereo could help Comcast's pay-TV business, Greenfield said in a note to clients Monday.
June 17, 2013 |
Fullscreen, a digital media company that has built one of the largest network of channels on YouTube, has closed a round of Series A funding with backing from heavy hitters in the traditional entertainment world - the Chernin Group, Comcast Ventures and WPP Digital. The parties refused to disclose the size of the investment, which is believed to be in the "eight-figure range. " "We think there's tremendous opportunity in the digital media space to build a truly next-generation global media business," said Fullscreen Founder and Chief Executive Officer George Strompolos.
June 13, 2013 |
Ken Solomon, chief executive of the small Tennis Channel, regrets the 4 a.m. email blast he sent staff members of the Santa Monica-based network. Solomon composed the email last month from his Paris hotel room, hours after the Court of Appeals for the District of Columbia delivered a crushing blow against the independent Tennis Channel in a long-running legal dispute with cable giant Comcast Corp. The three judges who heard the case sided with Comcast. In a lengthy rant, Solomon compared Comcast to a "brutal captor" that committed a sexual assault on the Tennis Channel for nearly a decade.
June 11, 2013 |
WASHINGTON -- Next time you want to see a Don Cheadle movie, all you may have to do is say the actor's name to your TV and it will tell you what your options are. That was just one of the features Comcast Chief Executive Brian Roberts talked about during a session at the National Cable and Telecommunications Assn.'s annual convention here. Roberts gave attendees a taste of what is coming to consumers in the near future. Comcast's new entertainment platform will also let subscribers create their own personal profiles.
June 6, 2013 |
For a locally based business, babies and moms come first -- on TV and online. BabyFirst, a TV channel dedicated to mothers and children, has recently become a $1.99 a month premium channel on YouTube, and the Century City-based company intends to get onto mobile platforms too. “Our general aim is to be available to as many parents that need us,” said Chief Executive Guy Oranim. “When you're on the go, other platforms can be a great solution.” PHOTOS: The Billion Dollar Box Office Club BabyFirst includes segments designed to teach children vocabulary, colors and more.