April 27, 2012 |
Providence Equity Partners is selling its stake in online video service Hulu for about $200 million, according to people familiar with the situation. The move is expected to give at least two of Hulu's media company owners — News Corp. and Walt Disney Co. — a greater ownership stake in the rapidly growing online service. It also would make it easier for the partners to achieve a common strategy for the asset without having a restive investor in the mix. The 5-year-old service has more than 2 million paid subscribers to its Hulu Plus offering and about 38 million visitors a month to its free site, which offers catch-up episodes of such popular shows as "Glee," "Revenge" and "The Daily Show With Jon Stewart.
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.
October 10, 2013 |
Comcast Corp. Chief Executive Brian Roberts has made a mission out of perfecting a new-generation remote control to help customers seamlessly find TV programs they want to watch. Now, Roberts is turning to Twitter to help him do just that. Comcast and Twitter on Wednesday announced they are teaming up to try to capitalize on the hundreds of thousands of conversations about TV shows that unfold each day on the popular micro-blogging site. The two companies have struck a strategic partnership to introduce a feature designed by Comcast engineers called "See It" that will connect consumers with TV shows.
April 3, 2013 |
After weeks of speculation, NBC confirmed today that Jimmy Fallon will succeed Jay Leno as host of “The Tonight Show” in the spring of 2014. As part of the switch from Leno to Fallon, “The Tonight Show” will move from Burbank to New York City. Leno has served as host of “The Tonight Show” for more than two decades and has been in first place in the ratings during much of that run. Fallon, who hosts the show that currently follows Leno, recently signed a new deal with NBC. No replacement for Fallon has been named but there is talk that Seth Meyers of “Saturday Night Live” is the leading candidate.
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.
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.
October 9, 2013 |
Comcast Corp. has struck a partnership with Twitter to try to capitalize on the huge volume of social media conversations that occur about TV shows. Twitter has turned out to be a digital water cooler with thousands of people around the country simultaneously engaging in real-time conversations on Twitter about favorite television shows or sporting events as they unfold. Media companies, including Comcast, have been scurrying to find ways to channel these conversations that occur on the so-called "second screen" into more viewers for their television programming.
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.