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!
November 21, 2009 |
Comcast Corp.'s plan to take control of NBC Universal has encountered a roadblock. The Philadelphia-based cable operator, which had hoped to have a deal announced this week to acquire a 51% stake in the entertainment giant, is being held up as NBC Universal owners spar over the value of the company, according to people close to the negotiations. General Electric Co., which owns 80% of the television and movie company, and French telecommunications firm Vivendi, which owns 20%, have been negotiating for several weeks over the value of the minority stake.