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.
CALIFORNIA | LOCAL
April 24, 2013 |
Goodbye Hogwarts, hello Universal Studios. 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. And a Harry Potter attraction is coming with it. Company executives said the "The Wizarding World of Harry Potter," which will feature a re-creation of the Hogwarts Castle and other locations from the books and movies, will bring droves of visitors to the park.
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 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.
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.
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.
June 20, 2013 |
Selling the online video site Hulu to satellite broadcaster DirecTV or another pay-TV distributor would be a big mistake, said analyst and provocateur Rich Greenfield of BTIG. Owned by media giants News Corp. , Walt Disney Co. and Comcast Corp. , Hulu has been fielding offers from suitors including DirecTV, Time Warner Cable, Yahoo and the Chernin Group. Private equity firms Silver Lake Management and KKR & Co. have also placed bids. Greenfield warns that it would be a mistake for the owners to focus solely on how much they can get for Hulu without considering who is buying and the long-term implications.
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.
October 10, 2013 |
After the coffee. Before rooting for the Tigers to beat the A's. The Skinny: How do the St. Louis Cardinals do it? Every year they are in the running. That is some smart management and the Dodgers will have their work cut out for them. Thursday's headlines include a deal between Comcast and Twitter, clouds over Katie Couric's daytime show and CBS overhauls its struggling Monday night lineup. Daily Dose: Satellite broadcaster Dish Communications is in another spat with a broadcaster.