May 17, 1989 |
Comcast Corp., the cable-television firm, which moved to Philadelphia from Bala Cynwyd Monday, has reported its usual combination of increased cash flow and a net loss for the first quarter of 1989. The firm's operating cash flow, which measures income before interest, depreciation, amortization and income taxes, increased 31 percent compared with the same period in 1988. Cash flow is considered a key measure of financial performance in the cable-television industry because such firms must borrow heavily to finance capital improvements and acquisitions of new systems.
May 24, 2013 |
Freebies from Verizon and Comcast could add to the fun of the Memorial Day Weekend. Verizon's offering a slew of free content for four days, and Comcast's Xfinity is giving away access to thousands of wireless hotspots through Independence Day. From Friday till Tuesday, Verizon subscribers can find more than 1,700 movies and 50 entire TV series through the cable service's 900 channel. That includes such recent theatrical films as Abraham Lincoln: Vampire Hunter, The Dark Knight Rises, Bridesmaids, Harry Potter and the Deathly Hollows, The Hunger Games, Hugo, Ice Age: Continental Drift, Madagascar 3: Europe's Most Wanted, Mission Impossible - Ghost Protocol, Moonrise Kingdom, Prometheus , and Sherlock Holmes: A Game of Shadows . They're available through Cinemax, ePix, HBO and ViewNow.
January 15, 2013
Comcast Corp. agreed to take a $150-million stake in Arris Group Inc., the telecom equipment supplier that last month agreed to buy Horsham-based set-top box maker Motorola Home from Google Inc. As a result, according to Arris, Comcast and Google will each own about 7.85 percent of Arris shares. Arris in December said it would buy Motorola Home in a deal valued at $2.35 billion in cash and stock. - Reid Kanaley
March 8, 2011
Comcast Corp. has chosen Burrell Communications, of Chicago, as its advertising agency of record to market its products and services to African American consumers. As part of its deal to acquire control of news and entertainment giant NBC Universal Inc., Comcast has separately agreed to add four cable networks owned, or partly owned, by African Americans over the next eight years. - Bob Fernandez
May 28, 2011 |
Bloomberg L.P., the New York financial-information and news giant, has threatened to file a complaint with the Federal Communications Commission that would force Comcast Corp. to relocate Bloomberg TV to an area on the cable-channel lineup with other news channels. Bloomberg says this "neighborhooding" provision is in the 280- page FCC order in January that allowed Comcast to acquire control of NBC Universal Inc. Comcast is ignoring the provision, Bloomberg contends. Neighborhooding refers to grouping together similar channels, such as CNN, CNBC, Fox News, and MSNBC.
December 23, 2008
RE TOM SPEYER'S letter: "Please, Council, approve FIOS. " Tom is not alone in the struggle with Comcast. Comcast holds the residents of this city over the coals and pretty much does and charges as it wants because there is no competition. Competition is healthy and I bet Comcast will feel the loss if Verizon is allowed to bring FIOS to Philadelphia. Dish service is not comparable to cable. Maybe the Daily News can start a campaign to get the residents to write members of City Council on this issue.
December 3, 2010 |
Comcast Corp. has eliminated a cable-division headquarters in Oaks, Montgomery County, which could affect about 150 employees. Cable operations in Pennsylvania and in the Washington area will now report to a division headquarters in the Boston area. The news was disclosed internally to employees. "Some functions may remain at Oaks, and there is no plan at this time to close Oaks down," said Comcast spokeswoman Beth Bacha. Comcast expects the "vast majority" of employees with Oaks-based jobs to be absorbed into other Comcast offices in the Philadelphia area or other places, the company said.
March 16, 2013 |
Five years ago, Comcast Corp. was the nation's 50th-largest advertiser. Comcast, now with movie, news, and entertainment giant NBCUniversal under its corporate umbrella, rose to second-largest last year behind Procter & Gamble. The New York research firm Kantar Media says Comcast uncorked $1.7 billion in ads on consumers in 2012. Procter & Gamble, whose brands include Tampax, Pantene, Pampers, and Duracell, spent $2.8 billion. No. 3 was General Motors with $1.6 billion. Kantar tracks advertising on multiple platforms - radio, TV, billboards, the Internet, magazines, and newspapers - and then estimates the cost.
April 30, 2004
Aim for a king, don't dare miss. Aim for a mouse, now, that's a lot less risky. So Comcast Corp. - which this week dropped its stunning, $66 billion bid for Walt Disney Co. - gets to live on to fight another day. More than that, the Philadelphia firm earns high marks merely for putting Disney in its sights. When has one of the region's corporate players commanded respectful front-page treatment from so many major newspapers? Not lately. Comcast's Feb. 11 gamble was a boost to regional pride, as locals accustomed to departing corporate headquarters pondered the prospect that the glittering Magic Kingdom might be ruled from Philadelphia.
June 10, 2009 |
Verizon Communications Inc. has told Comcast Corp. that its Verizon-bashing "Don't Fall for FiOS" advertisements are false and asked the cable giant to fix them in a "cease and desist" letter. Among other advertising claims, Comcast says that a comparable triple-play bundle of TV, phone and Internet service from Verizon can cost $400 more a year, after promotions expire, than one from Comcast. Verizon would challenge the advertisements' truthfulness through the National Advertising Division of the Councils of Better Business Bureaus if Comcast failed to change them, Verizon vice president Eric Rabe said yesterday.