October 30, 2015 |
ALTHOUGH COMCAST was tight-lipped, city officials yesterday heralded the introduction of a bill in City Council to authorize the renewal of the company's 15-year cable television franchise agreement with the city. "It has been a long two-year process, a grueling six months for City Council in briefings to get to this point. So, I'm proud that a bill was introduced today," said Councilman Bobby Henon, the bill's sponsor. "Today was a successful milestone, but there's at least two or three other milestones coming up," said Adel Ebeid, the city's chief innovation officer.
October 28, 2015 |
Comcast Corp. has proposed reclassifying 347 million nonvoting K shares as regular common stock, while preserving the Roberts family's 33 percent voting control and ownership of the cable and Internet giant, the company said Monday. The changes will be reviewed by federal regulators and will need shareholder approval. K shares were first issued in the mid-1980s for Comcast to acquire other cable companies and compensate employees. They carried the same economic rights as Comcast common shares but had no votes in corporate governance.
October 28, 2015 |
NBCUniversal's revenue surged 20 percent on the box-office take of billion-dollar blockbusters Minions and Jurassic World , boosting third-quarter earnings for its parent company, Comcast Corp. The cable/entertainment/Internet giant said its third-quarter revenue jumped to $18.7 billion from $16.8 billion a year ago. Net income, minus onetime gains or charges, climbed to $2 billion from $1.9 billion. Adjusted per share earnings were 80 cents, compared with 73 cents a share a year ago. "We see two parts of the company working together, driving these results," Comcast CEO Brian Roberts said in a conference call with Wall Street analysts.
October 24, 2015 |
Comcast Corp. and other cable companies may operate wireless phone and data service over Verizon Communications Inc.'s network, giving them a quad-play of TV, high-speed Internet, landline phone, and wireless data services. Fast-growing wireless is one consumer telecom service that cable companies don't typically offer, a competitive disadvantage with the proliferation of mobile video and smartphones. Verizon chief financial officer Fran Shammo disclosed in an earnings conference call this week that cable companies told the wireless giant that they would exercise an option to operate a "mobile virtual network" on Verizon Wireless - which means, in effect, that they will purchase wholesale capacity on Verizon's cell towers and partly compete with Verizon itself.
October 10, 2015 |
The strike by 65 NBC10 camera operators and broadcast technicians is heating up. NBC10 general manager Ric Harris told employees in an email on Wednesday that Philadelphia's No. 2 local news station is looking to hire replacement workers and that the positions of strikers had been posted on job sites. Harris also emailed that the company's final offer included a "no-layoff guarantee" for the contract that extends to 2018. On Thursday, union spokesman Frank Keel - accompanied by strikers who are members of the International Brotherhood of Electrical Workers Local 98 - held a news conference in City Hall on the same day that Comcast officials were to meet with city officials over the company's cable-TV franchise renewal.
October 9, 2015 |
Two guys in Oakland, Calif., one 24 and the other 26 years old, are offering a $5 service for people to cancel their Comcast cable-TV subscription. Whether the service will work, who knows because it's too early to tell. This much is clear: They are a national sensation since launching last week, featured in stories on Yahoo, CNNMoney, Reddit, and Kai Ryssdal's Marketplace radio show. Within hours of going live online on Friday, the company's website, airpaperinc.com, had 500 to 600 people looking at it simultaneously.
October 6, 2015 |
Fandango, the nation's biggest online seller of movie tickets and a part of the Comcast Corp. entertainment empire, is developing a self-authenticating ticket that can be sent to a smartphone then flashed at a theater ticket-taker. The technology is similar to that used for boarding passes at airports that are scanned from smartphone screens, though Fandango says it does not expect ticket-takers to scan movie tickets. Instead, Fandango says, its "scannerless tickets" will self-authenticate through digital watermarks floating on a smartphone's screen and the phone's GPS, which will confirm the ticket buyer is in the correct theater.
October 3, 2015 |
A Washington, D.C., group says that Comcast Corp. ranked eighth in the United States in economy-boosting capital expenditures in 2014, with $7.4 billion spent on network infrastructure and other business investment. The No. 1 company on the 2014 list was AT&T Inc. with capital expenditures of $21.2 billion in wireless and wireline upgrades, according to the report by the think tank Progressive Policy Institute. The group culled the companies' regulatory filings for the their business investments.
October 1, 2015 |
Seeking to connect with a younger audience, Comcast Corp. launched on Tuesday its advertising-supported Watchable streaming platform, with video clips and other short-form video. Comcast says it has about 30 content partners providing video for Watchable - Buzzfeed, GoPro, AwesomenessTV, Maker Studios, Vox and others - and it's available nationwide. It can be accessed by anyone with an Internet connection at watchable.com. "We think Watchable can be a unique place that curates and distributes the best content from some of the most recognized brands and producers on the web," Comcast said in a blog post.
September 27, 2015 |
A federal judge in Philadelphia has given final approval to a $50 million settlement to an antitrust class action that pitted Comcast Corp. against plaintiffs' lawyers who were seeking $875 million. The pact will net customers a $15 credit on their bill or service upgrades worth $44, while plaintiffs' lawyers will get $15 million in fees and expenses. About 800,000 Philadelphia-area Comcast subscribers in Pennsylvania will benefit in late 2015 or early 2016 from the settlement. U.S. District Judge John R. Padova of the Eastern District of Pennsylvania agreed to the final settlement, which gives Comcast the green light to shell out $33.3 million for the service enhancements and distribute a $16.7 million cash fund for attorneys' fees and payout costs to subscribers who requested them.