February 12, 2014 |
Reports are swirling around the media universe that Comcast is prepared to announce, as early as Thursday, a deal to acquire Time Warner Cable for north of $45 billion. The deal would combine the nation's biggest and second-biggest cable firms. Comcast, already No. 1 in subscribers, would end up with about 30 million video customers, a net gain of 8 million (following a reported commitment to divest 3 million subs). It would put that subscriber base together with its ownership of NBCUniversal -- the network, the film studio and several other cable channels.
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.
July 14, 2011 |
NBC has looked west for its next entertainment president - all the way west to Century City. The Comcast Corp.-owned network, in the midst of a top-to-bottom overhaul, has tapped longtime 20th Century Fox Television executive Jennifer Salke as president of NBC Entertainment. As a studio executive, Salke helped develop the hits "Modern Family" and "Glee. " Salke is close friends with Bob Greenblatt, who took over the network this year as chairman after cable giant Comcast purchased NBCUniversal from General Electric Co. Greenblatt is charged with reversing years of market-share losses and restoring the fabled network's programming luster.
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.
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.
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.
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.
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.