November 1, 2013 |
Comcast Corp., the cable-TV and media giant, reported Wednesday that third-quarter revenue fell 2.4 percent because of an unfavorable comparison with the previous year, when its top line was boosted by a $1.2 billion blast of TV and Internet advertising associated with the London Olympic Games. Third-quarter profits also took an 18 percent hit because of a separate unfavorable comparison. A year ago, those profits were inflated with the cash proceeds of the sale of wireless spectrum to Verizon Wireless and Comcast's sale of its stake in A&E Television Networks L.L.C.
October 31, 2013
Comcast Corp., of Philadelphia, says it will upgrade its two free apps so that subscribers can live stream 35 cable channels onto mobile devices over the next two weeks. The cable-TV and media giant says that the two apps, Xfinity TV Go and Xfinity TV Remote, have been downloaded 13 million times. The company expects to add more networks over time. - Bob Fernandez
October 30, 2013 |
SEPTA and Comcast Corp. will light up about 70 train stations, including the 69th Street, Olney, and Frankford transit hubs, with free WiFi. The five-year project - to be announced Tuesday at a news conference at the 69th Street terminal - will enable WiFi for hundreds of thousands of SEPTA commuters and expand Comcast's rapidly growing low-cost wireless network. Under the program, free WiFi will not be available on the trains themselves. Comcast - the Internet, cable TV, and entertainment giant - now has 300,000 public WiFi hot spots in Philadelphia and 11 other markets, and intends to boost that number to millions.
October 21, 2013 |
THE MUSIC MOGUL and artist formerly known as P. Diddy has reason to be puffed with pride. On Monday, Sean Combs is launching a seriously eclectic and (he hopes) revolutionary new music video channel called Revolt. And he has Comcast (to a degree) and the Federal Communications Commission to thank. "We'll play that new s--- that people are afraid to play," Combs vows, in a video posted at the RevoltTV channel on YouTube. His vision is a "multi-genre, multi-platform music network" that will celebrate "the best of rock, the best of EDM" (electronic dance music)
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 6, 2013 |
The head of the Comcast Corp.-owned Telemundo network, Emilio Romano, is leaving the company in the latest shuffle of NBCUniversal executives. Telemundo is a distant second in the fast-growing Spanish-language TV market, with a goal of closing the gap with top-watched Univision. NBCUniversal's Hispanic Enterprise and Content Group, which includes Telemundo, is now run by former Univision executive Joseph Uva. He reports to Steve Burke, the chief executive officer at NBCUniversal.
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.
October 2, 2013 |
Last October, Comcast Corp. and two Houston professional sports franchises, the Astros and Rockets, launched a regional sports channel to ride the billion-dollar riches of the TV sports boom. The channel has fizzled amid acrimony among the once-hopeful partners. Comcast on Friday filed a petition seeking to force the troubled Comcast SportsNet Houston, which it lent $100 million, into bankruptcy and said it would bid on the network's TV rights if they are auctioned. Astros owner Jim Crane told the Houston Chronicle on Monday that the baseball team would fight bankruptcy and, in a reference to Comcast/NBCUniversal, said that the Astros "are not going to let those folks bully us around.
September 28, 2013 |
The Federal Communications Commission said Thursday night that Comcast Corp. has to put the Bloomberg TV business channel near other news channels in so-called news neighborhoods in the 35 largest television markets. The case was viewed as a test of the FCC's will to enforce voluntary commitments made in 2011 as part of the giant Comcast/NBCUniversal deal. Thursday's decision is a win for Bloomberg TV, which insisted that Comcast abide by the "neighborhooding" condition in the FCC's agreement allowing the merger deal to close.
September 24, 2013 |
Public WiFi hot spots. TVs that retrieve voice mail. Wireless-based home-alarm systems. Cloud-based channel guides. Streamed TV. Comcast Corp., which has lost millions of cable-TV subscribers in recent years, is seeking to grow revenue and subscriber loyalty in its core cable business with new products based on the convergence of services. Marcien Jenckes, a self-described "Internet guy," is the man now assigned with taking this new-product development to a higher level.