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.
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 1, 2013 |
Comcast Corp. posted strong first-quarter earnings with gains in nearly all of its business units -- except for the NBC broadcast network as the peacock's feathers once again got plucked. Dismal prime-time ratings at NBC contributed to a $35-million loss for the quarter for Comcast's broadcast segment. Broadcast revenue plummeted 18.5%, largely because NBC did not broadcast the Super Bowl this year. In 2012, NBC benefited from $259 million in Super Bowl advertising revenue. The network was further hurt because its hit singing show "The Voice" stayed off the schedule until late in the quarter.
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.
CALIFORNIA | LOCAL
April 23, 2013 |
After a bumpy 17-year process that once proposed developing thousands of homes on its famous Hollywood back lot, NBCUniversal won unanimous approval Tuesday from the Los Angeles County Board of Supervisors for a plan that lets it expand its Universal Studios theme park. The $1.6-billion project will include nearly 2 million square feet in office and production space, a bike path along the adjacent Los Angeles River that would eventually allow cyclists to pedal to Studio City, and a Harry Potter-themed attraction.
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.
October 4, 2013 |
David Letterman isn't going away just yet. The CBS late-night host has extended his contract through 2015. His deal had been set to expire in 2014. In a statement, Letterman cracked that he had a conversation with CBS Chief Executive Leslie Moonves and they both agreed that "I needed a little more time to fully run the show into the ground. " PHOTOS: Hollywood Backlot moments Letterman has been with CBS since 1993. Though he currently trails rival Jay Leno in the ratings, CBS is optimistic that will change when Leno steps down and is replaced by Jimmy Fallon early next year.
March 21, 2014 |
Despite the PR pitch by Time Warner Cable and Comcast explaining why their $45-billion merger is good for you, the consumer -- More innovation! Faster broadband! Better service! -- one of the real driving factors in the deal emerged in a regulatory filing by Comcast on Thursday: Time Warner Cable's CEO, Robert Marcus, stands to walk away with $80 million if the merger closes. That's what Marcus will receive in salary, bonus and stock as a "golden parachute," assuming he moves on as a result of the change in control.
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.