October 25, 2014 |
Third-quarter revenue at Comcast Corp. rose 4 percent, to $16.8 billion, and net income soared 50 percent, to $2.6 billion, as the company added 315,000 high-speed Internet customers and shed 81,000 TV customers, the cable giant reported Thursday. When adjusted for a tax gain and $77 million in expenses associated with the proposed acquisition of Time Warner Cable Inc., net income rose 10.6 percent, the company said. Shares of Comcast, in addition to those of acquisition target Time Warner Cable, jumped in morning trading on a broad surge on Wall Street.
March 27, 2014 |
Comcast SportsNet Philadelphia, already one of the nation's priciest regional sports networks, is seeking a subscriber surcharge on behalf of the wallet-busting, 25-year, $2.5 billion TV rights deal it negotiated with the Phillies in January. As part of the deal, at least 33 Phillies games will relocate from the over-the-air - and free - TV station WPHL17 to the cable sports network. Comcast SportsNet Philadelphia is asking pay-TV operators, including Comcast itself, to pay for those additional games on cable, according to multiple pay-TV operators who declined to be identified.
December 15, 2013 |
After talking for months about the potential for international deals, Comcast Corp. has hired Alexander D. Evans from the $37 billion private-equity firm Providence Equity Partners in Rhode Island. Evans will be one of four executive vice presidents at Comcast - the others are Steve Burke in NBCUniversal, Neil Smit in the cable division, and David L. Cohen, who supervises government affairs. A Comcast official said Friday that the hiring was unrelated to speculation Comcast could be looking to acquire Time Warner Cable, the nation's second-largest publicly traded cable TV distributor.
November 19, 2013
Terri L. Costa has been named director of nursing at Wesley Enhanced Living Doylestown . She had been director of clinical services at Fox Subacute Pulmonary Rehab. Comcast Cable , Philadelphia, promoted Lynn Charytan to senior vice president, legal regulatory affairs, and senior deputy general counsel. She had been vice president of corporate communications for Comcast Corp. and vice president of public relations for Comcast Cable's New England region. Theorem Clinical Research , a King of Prussia contract research organization that provides clinical research and development services, hired Joseph Sgherza as vice president of biopharmaceutical development for infectious disease.
October 24, 2013 |
William J.T. Strahan did not need the U.S. Department of Labor to tell him how September's job situation stacked up. Strahan, executive vice president for human resources for Comcast Cable, already knew the score based on his company's experience: "Overall, hiring is slightly up. " And so it was nationwide, according to the Department of Labor's belated September job report. The nation's payrolls expanded by 148,000 jobs in September; the unemployment rate dropped slightly to 7.2 percent, from 7.3 percent, according to the report, which was delayed because of the federal government's shutdown.
October 11, 2013 |
Comcast Corp. is launching a feature on Twitter to allow its cable subscribers to access The Voice and other television shows from a tweet, Comcast announced Wednesday. In a system analogous to the buttons used by Facebook and other social media, a "See It" button will pop up during Twitter chats about TV shows. In addition to allowing users to immediately watch a show by clicking the button, the user will be able to schedule digital video recorders or set a reminder to watch the show later.
October 5, 2013 |
In late March, the U.S. Supreme Court seemed to have plunged a stake into a long-running class-action lawsuit between Comcast Corp. and plaintiffs' attorneys who claimed the company abused its market power to hike cable bills on Philadelphia-area customers. The high court voted, 5-4, on ideological lines not to certify the case - forcing it back to a lower court. They said the financial damages for two million TV customers could not be fairly measured throughout the expansive Philadelphia region.
June 28, 2013
Bloomberg L.P. told the Federal Communications Commission in a letter that Comcast Corp. has failed to comply with one of the merger conditions for its deal to acquire control of NBCUniversal after more than two years. Comcast agreed to "neighborhood" the business channel Bloomberg TV on its cable systems so that it could compete directly with Comcast-owned CNBC, Bloomberg says. But the cable giant has yet to neighborhood - or place Bloomberg TV and CNBC near each other on the Comcast channel lineup - for millions of subscribers, Bloomberg said.
May 3, 2013 |
Cathy Avgiris, daughter of a Greek carpenter and a seamstress from Brooklyn, keeps climbing the corporate ladder at Comcast Corp. The 53-year-old executive, who helped launch the company's Internet and phone business, has been promoted to chief financial officer of its cable division, a business that serves 22 million cable-TV subscribers and has a projected $40 billion in annual sales this year. The division is a source of much of Comcast's profits. Avgiris already is the top woman executive in the division, the nation's largest cable-TV provider.
April 17, 2013 |
Comcast Corp.'s Philadelphia cable-TV franchise agreement expires in late 2015. City officials say they will seek public comments over the next year as they negotiate a renewal with the nation's largest cable operator. Currently, Comcast offers TV, Internet, and phone services in the city. "A lot has happened in the last 15 years, and there is a lot to talk about," said Steven Robertson, deputy chief innovation officer for the city. "It's the beginning of the discussion. " The negotiations will be handled through the Office of Innovation and Technology.