Category: Comcast
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Comcast stock falls after management warns broadband subscribers will drop by over 100,000 in Q4
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Comcast (CMCSA) shares closed down nearly 10% Monday after Dave Watson, president and CEO of Comcast Cable, said the company expects the number of broadband subscribers to decline by more than 100,000 in the current quarter. Wall Street had expected the number of broadband subscribers to decline by about 63,300,…
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Comcast to proceed with plans to spin off its cable channels, sources say
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By Don Chmielewski (Reuters) – Comcast Inc. is moving forward with plans to spin off its NBC Universal cable TV networks including MSNBC and CNBC, sources say, shedding a key part of the business that has been a victim of the live video revolution. The company told investors last month…
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NBA scores $76 billion deal with Amazon, Comcast, and Disney
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The National Basketball Association has announced new long-term television deals with Walt Disney Co., Comcast and Amazon.com Inc., rejecting efforts by Warner Bros. Discovery Inc. to retain decades-old broadcast rights. The combined agreements are expected to generate $76 billion in league fees over its 11-year history — nearly triple the…