April 11, 2014 |
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.
November 3, 2011 |
Sony Corp. posted a $350-million loss in its second quarter as sales of LCD televisions and other products in its flagship consumer electronics business deteriorated worldwide, reversing a year-earlier profit of $398.5 million, the company announced Wednesday. The red ink is expected to bleed into Sony's full fiscal year, which ends in March, resulting in a $1.2-billion loss. It previously had projected a $769-million gain. Kazuo Hirai, the senior Sony executive expected to succeed Chief Executive Howard Stringer, vowed to cut losses, particularly in the consumer electronics division.
February 15, 2012 |
Comcast Corp. beat analysts' estimates with a 26% increase in fourth-quarter profit, but two NBCUniversal units continued to struggle: the NBC broadcast network and Universal Pictures. For the quarter that ended Dec. 31, the Philadelphia cable television giant posted net income of $1.29 billion, or 47 cents a share, compared with $1.02 billion, or 36 cents, for the year-earlier period. Revenue climbed 3% to $15 billion. Once again, the company's core business of providing bundles of cable TV channels and high-speed Internet service bolstered its financial results.
February 13, 2014 |
Comcast Corp.'s $45.2-billion bid to acquire Time Warner Cable would expand the reach of the nation's largest residential Internet provider into one-third of America's broadband households. The digital land-grab is likely to serve as a rallying cry for those who advocate government regulation over broadband providers. As a result of the deal, Comcast would reach 30-million broadband customers out of 92-million U.S. households with high-speed Internet access. Its sheer size and market clout present an opportunity for the Federal Communications Commission to revisit its efforts to regulate broadband Internet access.
April 23, 2013 |
Potential suitors for the Tennis Channel might want to wait and see what the referees have to say about the cable network's serve before making any deals. Speculation is again heating up that the Tennis Channel, owned by several private equity firms including Apollo Partners and Bain Capital, may be on the block. Last week, the New York Post reported that Al Jazeera Media Networks is interested in the network. People close to the Tennis Channel and Al Jazeera downplayed that story.
September 16, 2013 |
After the coffee. Before proclaiming next week's "Breaking Bad" to be the best episode of TV ever. The Skinny: The bad news is that the Redskins are 0-2. The good news is they play in the NFC East, where everyone is mediocre. Still, if they don't beat Detroit next week it will be a long and ugly season. Monday's roundup includes the weekend box-office report and NBCUniversal's big hire. Daily Dose: You know your football team is bad when the local TV station is basically apologizing for carrying its games.
December 2, 2013 |
The Chernin Group has acquired a majority stake in Crunchyroll Inc., an online video company that specializes in Japanese animation known as anime. "Online video is growing faster than any other sector within media, and we feel that with Crunchyroll, we have a fantastic, anchor platform," said Chernin Group Chief Executive Peter Chernin in a statement. Chernin added that he plans to expand the anime segment and enter new genres through additional channels. The Chernin Group said Crunchyroll's senior management will keep a "significant stake" in the company along with its existing investor, TV Tokyo Corp. Financial terms of the sale were not disclosed.
May 3, 2012 |
The Federal Communications Commission has ruled in favor of Bloomberg Television in its bitter fight with Comcast Corp. over where its business channel was carried on the cable giant's systems. In a ruling issued by the agency's Media Bureau on Wednesday, the FCC agreed with Bloomberg that Comcast is required to place the business network in the same neighborhood as other news channels, particularly those owned by Comcast, including CNBC and MSNBC. "We agree with Bloomberg that the plain language of the condition suggests that the commission intended that the condition would apply to Comcast's existing channel lineups," the FCC said.
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.
May 15, 2012 |
In a move that could have far-reaching implications for the development of new distribution systems for content, the Federal Communications Commission is considering changing how it defines a multichannel video programming distributor (MVPD). Currently, MVPDs are considered to be cable and satellite operators such as Comcast Corp. and DirecTV. However, Sky Angel LLC, a company that provides programming much the same way as a cable or satellite operator does, but through the Internet -- in the industry term, "over the top," -- wants the FCC to recognize it as an MVPD.