September 27, 2015 |
Unionized cameramen and technicians picketed NBC10's offices in Bala Cynwyd on the eve of one of this year's biggest TV events in Philadelphia - Pope Francis' weekend visit. An NBCUniversal official said early Friday evening that the media company was talking with the union. If the labor dispute is not resolved, NBC10 intends to use footage from other NBC stations or freelancers in Philadelphia covering Pope Francis, she said. Frank Keel, a spokesman for International Brotherhood of Electrical Workers Local 98, which represents the NBC10 employees, said he was unaware of Friday bargaining between the union and NBCUniversal, describing the situation as "status quo. " There are about 65 striking employees.
September 14, 2015 |
Dennis Griffin was talking tee times. Some afternoons, he can slip away for a quick 18 holes. "The sweet spot in Brigantine for me is around 1 in the afternoon, when you have a 60 percent savings," the long-term-care insurance salesman said. At his Little Egg Harbor home, Griffin, 60, logged on to the website for Comcast Corp.-owned GolfNow and browsed tee times for that day at Brigantine Golf Links, about 40 minutes away. He read off the possibilities: a 2 o'clock for $46.48; a slot at 1:52 for $35.98.
September 1, 2015 |
Mike Cavanagh, one of the nation's top banking executives at JPMorgan Chase and now Comcast Corp.'s new chief financial officer, says the Philadelphia company's biggest "enemy" is complacency, hoping that consumer trends won't change and that Comcast remains the big cable company. Comcast's destiny is "in our hands," Cavanagh said at the Comcast Center last week. He added, "All businesses have to modify their game to be relevant to millennials. " A protege of the legendary banker Jamie Dimon at JPMorgan, Cavanagh joined Comcast in May after Comcast lost its publicly deflating regulatory battle for Time Warner Cable Inc. He replaces the transformative CFO Michael Angelakis, who negotiated the successful deal for NBCUniversal and the abandoned takeover of Time Warner Cable.
August 14, 2015 |
Taking a bigger stake in a fast-growing new digital media company, Comcast Corp.-owned NBCUniversal will invest $200 million into Vox Media, whose brands include SB Nation, Polygon, The Verge, Eater, Racked, Curbed, and Re/code. In 2014, The Verge published a scathing multi-part series on Comcast's woeful customer service. "Vox Media has a great portfolio of premium digital brands that deeply engage broad audiences," NBCUniversal CEO Steve Burke said in a statement. Comcast previously owned a 14 percent stake in Vox through its ventures arm. Even with the new investment, Comcast will still own a minority stake in Vox Media, an industry observer said.
August 6, 2015 |
Though still separated by a parking lot at the stadium complex in South Philadelphia, the Flyers and Phillies got a bit closer digitally on Tuesday. The National Hockey League and Major League Baseball Advanced Media Tuesday announced a six-year, $600 million deal under which the baseball league's technology subsidiary will run the operations of the hockey league's TV network, and the websites and other digital platforms of the league and its 30 teams, including the Flyers. The NHL and its teams will retain control of the content on the TV network and websites.
August 6, 2015 |
Responding to criticism that its discounted Internet Essentials service was available only to poor families with school-age children, Comcast Corp. said Tuesday that it would expand the $9.95-a-month program to low-income senior citizens. Comcast will begin the project for senior citizens in Palm Beach County, Fla., and expand it to other markets throughout the United States through the fall, said David Cohen, executive vice president at Comcast. The date of expansion into the Philadelphia area will be determined by the success in pilot markets, Comcast said.
August 2, 2015 |
Comcast Corp. isn't commenting, nor is its news and entertainment subsidiary, NBCUniversal. But industry observers cast few doubts on reports that NBCUniversal plans to buy into BuzzFeed, one of the iconic names in new media, and raise its stake in Vox Media, owner of familiar online brands such as Verge and SB Nation. The plans were first reported by Re/code, a Vox property. Quoting unnamed sources Friday, the Wall Street Journal and the New York Times both said NBCUniversal was poised to invest $250 million in BuzzFeed - about a one-sixth stake at a $1.5 billion valuation - and raise its 14 percent ownership share in Vox. Industry analyst Jeff Kagan said Comcast's interest in new media was likely fueled when federal regulators blocked its proposed $45 billion acquisition of Time Warner Cable.
June 8, 2015 |
Comcast Corp.'s stunning decision in late April to abandon its $45 billion deal for Time Warner Cable Inc. will likely lead to a lull for the acquisitive cable giant, experts say. Wall Street analysts said last week that federal regulators seem hostile to any new big transaction that Comcast brings to Washington and that they expect the merger-hungry Philadelphia company to lay low for a year or so, perhaps until a new president is sworn in to...
May 16, 2015 |
Comcast Corp. plans to hire 10,000 military veterans, reservists, and their spouses and domestic partners over the next three years - roughly 15 percent to 20 percent of all new employees, a Comcast human resources executive said Thursday. The hiring pledge more than doubles a prior military-hire plan at Comcast, under which the company has hired 4,200 veterans since 2012. To hit its target, the cable and Internet giant will appoint a vice president of military and veteran initiatives, who will report to Dave Watson, the cable division's chief operating officer, and John Wallace, president of operational and technical services at NBCUniversal.
May 13, 2015 |
Comcast Corp. has hired Michael J. Cavanagh - a top Wall Street executive and former protégé of JPMorgan Chase & Co. CEO Jamie Dimon - as its chief financial officer and senior executive vice president. Cavanagh, 49, quit JPMorgan, one of the largest U.S. banks based on assets, in early 2014 as part of an exodus of top executives after heightened regulatory scrutiny of Dimon and the bank. Over the last year, Cavanagh has served as copresident and co-chief operating officer of the private equity firm Carlyle Group, which manages $193 billion in assets globally.