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ENTERTAINMENT
April 11, 2014 | By Meg James
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.
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BUSINESS
November 3, 2011 | By Alex Pham, Meg James and Joe Flint, Los Angeles Times
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.
ENTERTAINMENT
December 18, 2013 | By Dawn C. Chmielewski
Internet television service Hulu will bring in $1 billion in revenue this year, as it added subscribers and expanded its advertising base. Hulu did not disclose whether the service is profitable. The streaming service said its 2013 revenue will be up from $695 million in 2012. The number of its subscribers has reached 5 million, with about half of those who pay $8 a month for Hulu Plus watching shows exclusively on their portable devices. Hulu Plus is available on more than 400 million Internet-connected devices in the U.S., including next-generation video game consoles, smartphones, tablets, smart TVs and dedicated streaming set-top boxes from Roku and Apple TV. The six-year-old venture -- owned by Walt Disney Co., 21st Century Fox and NBCUniversal parent Comcast Corp.
BUSINESS
February 15, 2012 | By Meg James, Los Angeles Times
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.
ENTERTAINMENT
September 16, 2013 | By Joe Flint
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.
ENTERTAINMENT
October 9, 2013 | By Meg James
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.
BUSINESS
May 3, 2012 | By Joe Flint, Los Angeles Times
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.
ENTERTAINMENT
July 12, 2013 | By Joe Flint
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.
ENTERTAINMENT
October 4, 2013 | By Joe Flint
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.
ENTERTAINMENT
April 3, 2013 | By Joe Flint
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.
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