July 28, 2010 |
Comcast Corp., the largest U.S. cable company, posted second-quarter profit and sales that beat analysts' estimates as more customers elected premium services such as digital video recorders and high-speed Internet. Profit, excluding costs related to the company's pending takeover of NBC Universal Inc., was 33 cents a share, on sales of $9.53 billion, Comcast said Wednesday. That topped the 32-cent average of estimates compiled by Bloomberg. Analysts predicted the cable operator's sales would be $9.28 billion.
October 14, 2010 |
Google Inc.'s ambitions to broaden its advertising reach beyond the Internet have been dealt a blow by the loss of its marquee media partner ? NBC Universal. NBC said Wednesday that it had stopped providing unsold commercial time from several of its cable channels to Google. Two years ago, Google's efforts to ramp up its television ad sales brokerage system received a substantial boost when NBC Universal became the first major TV programmer to sign on. NBC had been contributing time from its Syfy, Oxygen, MSNBC, Sleuth and Chiller channels.
September 26, 2010 |
Comcast Corp. and General Electric Co. announced Sunday that Comcast's No. 2 executive, Steve Burke, would become chief executive of NBC Universal when the merger of the two companies is completed. Burke, 52, will succeed Jeff Zucker, who announced Friday that he would step down when Philadelphia-based Comcast assumes control of GM, which is expected to happen late this year or early 2011. Zucker will stay on for the next few months and work with Burke to attempt a smooth transition.
September 27, 2010 |
Comcast Corp.'s second-in-command, Steve Burke, will become chief executive of NBC Universal when the merger of the entertainment assets of Comcast and General Electric Co. is complete, the two companies announced Sunday. Burke, 52, will succeed Jeff Zucker, 45, who said Friday that he would step down when Philadelphia-based Comcast assumes control of NBC Universal, which is expected to happen late this year or early 2011. The two companies are awaiting the federal government's approval of their $30-billion transaction.
September 25, 2010
Jeff Zucker, a lifelong employee of NBC Universal, said Friday that he would step down as chief executive after being told there won't be a place for him once Philadelphia cable giant Comcast Corp. takes over the company at the end of the year. Two weeks ago, Comcast Chief Operating Officer Steve Burke told Zucker that he wanted him to "move on" as soon as Comcast takes control of the media conglomerate. Federal regulators are expected later this year or early next to approve the $30-billion merger between Comcast's entertainment properties and General Electric Co.'s NBC Universal, which will create an entertainment juggernaut that includes the NBC broadcast network, cable channels including USA, Bravo, MSNBC, CNBC and E!
December 8, 2009 |
When Comcast Corp. assumes control of NBC Universal, the company will inherit a portfolio of news organizations, including a top-shelf network news division that dominates the competition. Powered by the "Today" show in the morning and "NBC Nightly News" in the evening, NBC News is one of the few bright spots at the broadcast network. It's also one of the few aspects of the venture that will be largely new terrain for Comcast. Until now, the Philadelphia-based cable television operator's experience in news has been limited to running a handful of local television channels that produce newscasts, including the East Coast regional network CN8 until it shut down at the end of last year.