July 17, 2013
In the Region June revenue up at Pa. casino tables Pennsylvania's 11 casinos generated $59.5 million in table games revenue in June, up 4.2 percent from a year ago. Sands Casino Resort in Bethlehem, with 183 tables, was the leader at $16.9 million; second place was Parx Casino in Bensalem with 166 tables, which grossed $9.1 million. Two other Philadelphia-area casinos rounded out the top four - SugarHouse placed third at $6.7 million from 58 tables, and Harrah's Philadelphia grossed $6.3 million from 121. For the fiscal year ending June 30, total table-games revenue at the state's gambling houses was $713.1 million, an increase of 7.4 percent from the previous fiscal year's total of $663.9 million.
July 14, 2013 |
Hulu L.L.C.'s owners, Comcast Corp.'s NBCUniversal, Walt Disney Co., and Rupert Murdoch's 21st Century Fox Inc., on Friday called off their sale of the video-streaming service and will instead invest $750 million in the company. The decision ends an auction that attracted bids from suitors including DirecTV, Time Warner Cable Inc., and Peter Chernin with AT&T Inc., people with knowledge of the matter said. The growing popularity of streaming companies like Netflix and Hulu may have persuaded the owners, all media companies with TV and film libraries, to keep the fast-growing service.
July 10, 2013 |
Two unpaid interns at Comcast Corp.-owned NBCUniversal, one with Saturday Night Live and the other at the MSNBC cable-news channel, have filed a federal class-action lawsuit seeking at least $5 million. The case is the latest unpaid-intern suit in the U.S. entertainment industry, in which top executives earn tens of millions of dollars a year, and follows a recent court decision favorable to unpaid or underpaid interns. U.S. Judge William H. Pauley 3d in New York said on June 11 that two unpaid interns at Fox Searchlight Pictures Inc. were employees and covered by the Fair Labor Standards Act, while also granting class-action status to unpaid interns at Fox. Pauley said that the two Fox Searchlight interns displaced paid employees and "received nothing approximating the education they would receive in an academic setting or vocational school" - the requirement to being classified as interns at a for-profit company.
July 4, 2013
Comcast Corp.-owned NBCUniversal acquired the Telemundo affiliate in Philadelphia, WWSI (Channel 49), from ZGS Communications for an undisclosed sum. The Spanish-language affiliate now will be part by the NBCUniversal's 16-station Telemundo Station Group. Manuel Abud, group president, said the station, now based near Penn's Landing with 11 employees, will relocate to NBC10 studios in Bala Cynwyd. The Telemundo affiliate will launch local news casts at 6 p.m. and 11 p.m. in January to grow its audience.
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.
June 17, 2013
Companies have to go where their customers are, and forecasts of economic growth consistently show that more of those future customers will not be in the United States. All members of the Standard & Poor's 500 index are American companies. But make no mistake, most are global companies generating much, and in some cases most, of their sales from outside the United States. S&P Dow Jones Indices calculated that about 46 percent of S&P 500 company sales were derived from non-U.S.
June 10, 2013 |
The global director of food service operations and events at NBCUniversal, Jason Giagrande, was asked several years ago to do something - anything! - with the commissary in iconic Rockefeller Center, which had been the butt of late-night TV jokes by Johnny Carson in the 1960s and a windowless, graceless dining experience for generations of NBC employees. But no matter what Giagrande did, NBC staffers still grabbed their meals and hurried to their desks to eat, as if scurrying from a darkened New York alley.
March 20, 2013 |
It's final. Comcast Corp. closed Tuesday on its $16.7-billion purchase of the 49 percent of NBCUniversal it didn't already own. The cable giant announced the deal in February and it did not need federal government approvals, which had been obtained when Comcast purchased the first 51 percent of NBCUniversal in early 2011. "We are excited the transaction has closed and look forward to taking full advantage of the opportunities for growth and innovation at our combined company," Comcast said.
February 15, 2013 |
Comcast Corp. could have run NBCUniversal in a joint venture with General Electric until 2018. But acting now to buy the remaining 49 percent of the news and entertainment conglomerate, investment analysts say, means that Comcast does not risk having to pay more for it later. Because Comcast has directly operated the company for two years, the deal signals confidence that the cable giant can restore rundown NBCUniversal to health, the analysts say. On Wednesday, Jessica Reif Cohen of Bank of America Merrill Lynch and Matthew Harrigan of Wunderlich Securities called the deal a "steal.