November 22, 2015 |
Monthly bills for Comcast Corp. Xfinity customers in the Philadelphia area and South Jersey will go up about 4 percent on Jan. 1, with higher prices for cable TV and Internet services plus elevated fees. The Philadelphia-based company began informing customers of the changes online on Friday and in mailings with bills this month. Comcast isn't raising prices across the board, but is boosting them at varying levels on different cable packages or Internet services, according to the new rate card.
November 20, 2015 |
Two of the biggest players in the sports-TV business, Comcast Corp. and 21st Century Fox, are duking it out over Yankees games. Comcast dropped Fox's YES Network, which televises the Yankees to more than 900,000 homes in New Jersey, Pennsylvania, and Connecticut, at midnight Tuesday, contending that the network was seeking a 33 percent hike in its monthly carriage fees. The company said Yankees fan viewership couldn't justify the additional costs. YES Network - whose officials said they were stunned by Comcast's action after months of negotiations - rejected Wednesday the idea that costs were the negotiating stumbling block, saying that other cable operators with more subscribers in the New York market agreed with the price.
November 18, 2015 |
Comcast Corp. invested into virtual reality startup firm NextVR Inc., based in Laguna Beach, Calif. The company develops live-action virtual reality technology to enhance TV viewing. Comcast is one of several investors - among them, Time Warner, Hollywood executive Peter Gruber and the Madison Square Garden Co. - in this round of financing that raised $30.5 million. Terms of Comcast's investment were not disclosed. Comcast Ventures, a Comcast-owned venture fund with offices in Silicon Valley, Philadelphia and New York, made the investment.
November 14, 2015 |
A technical negotiation of Comcast's franchise with the city Thursday turned into a broad, boisterous referendum on the company's role as a corporate citizen when the proposed agreement was probed by a committee of City Council. Subscribers waving signs called for lower prices and better broadband. Council members pushed for an expansion of the company's discount program and improved customer service. Comcast executives, more than a dozen of whom were on hand, stressed the company provides millions in charitable contributions and billions in economic impact and is also a major Philadelphia taxpayer.
November 13, 2015 |
When the city last month shared the terms of its tentative franchise deal with Comcast Corp., officials said the cable company planned to open a new center to handle Philadelphia calls, expand its low-income discount program, and pay penalties if customer service goals weren't met. Unmentioned, though, was the fine print. Those crucial details - such as the eligibility requirements for that new discount program - could come to light at a Thursday hearing at which City Council will vet the agreement.
November 13, 2015
Correction: The original version referred to Comcast's effective corporate tax rate as 4 percent; that was the effective rate of state taxes covering the period from 2008-2012. According to Comcast, their 2014 combined federal and state income tax was over 38 percent and forcecasts the 2015 rate to be approximately the same. WE CAN IMAGINE what goes on in City Council today as a scene in one of those original Internet television series - citizens unleashing their frustration at the behemoth company, which, in pure meta brilliance, is in fact the cable/Internet and television company who is actually making the series.
November 13, 2015 |
COMCAST, the homegrown entertainment giant in the midst of negotiating a new 15-year franchise agreement with Philadelphia, was praised and slapped during a marathon public hearing before City Council yesterday. Although there is little doubt Council will vote to renew the agreement and Mayor Nutter will sign it before the end of the year, dozens still showed up hoping to influence the final document. They included Hillary Linardopoulos, a staff representative of the Philadelphia Federation of Teachers, who lamented that while Comcast builds a second "gleaming, tax-exempt" Center City skyscraper, many city schools are crumbling and lack adequate teaching technology.
November 12, 2015 |
Comcast Corp. said 590,000 of its Xfinity subscriber email user names and online passwords were available for sale illegally on the Internet last week, but only about 200,000 subscriber accounts were active and could be potentially compromised. Comcast, the Philadelphia-based cable TV giant, has been forcing the 200,000 subscribers nationwide to reset their passwords, a company spokeswoman said Tuesday, adding that she did not know how many customers had done so. When asked whether Comcast had heard from any of these customers, claiming that someone been using their user names or passwords improperly, the spokeswoman said no. The subscriber accounts in question represent a fraction of the company's customers.
November 8, 2015 |
David Cohen, the Comcast Corp. executive vice president who leads the company's lobbying efforts in Washington D.C., will stay with the Philadelphia-based cable giant for another five years, Comcast said in a regulatory filing. Cohen is a big Democratic fundraiser, an attorney and Washington insider, though federal regulatory agencies dealt him a big setback this year with their opposition to Comcast's proposed megadeal for Time Warner Cable which...
November 6, 2015 |
Comcast Corp., one of the nation's largest home broadband providers, has expanded consumer trials to 15 states that charge Xfinity Internet subscribers extra fees if they stream many hours of online video or run through vast amounts of data. The Comcast trials have rekindled a debate over whether the cable and telco industries should impose "data caps" on Internet users. Data caps punish heavy Internet video streamers, or Netflix and Hulu users, while protecting cable-TV bundles, critics say. But Comcast and other broadband providers say they are charging "bandwidth hogs" for the burdens they place on their networks.