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NEWS
August 17, 2012 | By David Sell and John Timpane, Inquirer Staff Writers
For NBCUniversal, the Olympic Games brought the thrill of breaking even - and the shutting up of the naysayers. As the dust of the track settles, and the stats and data shake out, NBC's coverage of the world's biggest sporting event, on network TV, cable, and the Web, looks good enough to earn a medal. Despite programming glitches, confusion over venues and schedules, and #nbcfail (see below), London 2012 is a win for Comcast Corp., the Philadelphia-based majority owner of NBCUniversal.
NEWS
July 11, 2012 | By Bob Fernandez, Inquirer Staff Writer
The hit cable show Pawn Stars tracks the real-life dealings of a Las Vegas pawnshop and has helped transform A&E Television Networks L.L.C. into one of the nation's hottest TV programmers. Comcast Corp. was close to capitalizing on that surging popularity Monday night with a deal to sell its 15.8 percent share in A&E for slightly more than $3 billion, according to sources with knowledge of the deal. The deal could be announced as early as Tuesday. The buyers are Comcast's current partners in A&E, the Walt Disney Co. and Hearst Corp., which will retain 50-50 ownership stakes in A&E. The price tag for Comcast's 15.8 percent share gives A&E a total value of $18 billion to $19 billion.
BUSINESS
July 11, 2012 | By Bob Fernandez and Inquirer Staff Writer
Comcast Corp. disclosed in a regulatory filing on Tuesday that it reached an agreement to sell a 15.8 stake in A&E Television Networks L.L.C., the creator of cable-TV hits Pawn Stars, American Pickers and Storage Wars, for $3.025 million in cash. The Inquirer reported on the deal's final negotiations Tuesday. The buyers were Comcast's partners in A&E, the Walt Disney Co. and Hearst Co. The two companies now control A&E in a 50-50 venture. Comcast and A&E declined to comment.
NEWS
July 11, 2012 | By Bob Fernandez, INQUIRER STAFF WRITER
Comcast Corp. said Tuesday that it sold its 15.8 percent stake in A&E Television Networks L.L.C. for $3.025 billion in cash. The purchaser was A&E and enables Walt Disney Co. and Hearst Corp. to share 50-50 ownership in the TV programmer, whose hit shows include Pawn Stars, Storage Wars and American Pickers . Comcast acquired its stake in A&E through NBCUniversal, which it controls in a joint venture with General Electric. The $3 billion will remain with NBCUniversal, which can use it for business purposes.
BUSINESS
May 14, 2012 | By Bob Fernandez, INQUIRER STAFF WRITER
London, ho! Two Philadelphia-based companies will be seeking gold-medal performances at the Summer Olympics: food vendor Aramark and media giant Comcast Corp., whose NBC Sports division holds the U.S. broadcast rights. Officials from both companies spoke last week about the Games, scheduled for July 27 through Aug. 12, at a meeting hosted by the British American Business Council of Greater Philadelphia at the Cira Centre. It kicked off the fanfare for the global event, which Nick McInnes, a deputy consul-general with the British Consulate, said could generate $35 billion in economic activity.
BUSINESS
April 24, 2012 | By Bob Fernandez, INQUIRER STAFF WRITER
Penned by the ghost writer behind popular autobiographies of Chrysler CEO Lee Iacocca and "Mayflower Madam" Sydney Biddle Barrows, An Incredible Dream, a self-published authorized corporate history, has been released by Comcast Corp. The 424-page, 27-chapter book is being distributed to more than 100,000 Comcast and NBCUniversal employees and will become an orientation must-read for new hires. The book cover bears an image of Ralph Roberts, the lead company cofounder, now 92 years old, with arms open, seemingly embracing a crowd.
NEWS
April 17, 2012 | Inquirer Editorial
For thousands of low-income Philadelphia households not connected to the Internet, it will take more than a bargain-rate price of $10 a month for Internet service to get them across the so-called digital divide. The fewer than 500 takers for the service Comcast Corp. began offering in September as part of its merger with NBCUniversal makes it clear greater efforts are needed. So it's good to see a "Freedom Rings" partnership, which includes city agencies, the Free Library, various nonprofits, and Drexel University, form to expand training and computer access.
NEWS
March 29, 2012 | Wires
In the Region PUC rejects 'slamming' settlement The Pennsylvania Public Utility Commission has rejected a proposed settlement that would have required MXEnergy, an electricity supplier, to pay an $11,000 penalty for 22 cases of "slamming" - switching customers to MXEnergy's service without their authorization. "We simply do not believe that a $500 per-customer penalty, even when combined with the corrective actions, is enough to remedy this situation or to deter potential future violations," PUC Chairman Robert F. Powelson and Commissioner Wayne E. Gardner said in a motion rejecting the deal.
NEWS
March 11, 2012 | By Mike Newall, Inquirer Staff Writer
Joseph Donnelly, of Lansdale, the chief financial officer for NBC Broadcasting, and a tireless advocate for Philadelphia region Catholic schools, died Friday, March 9, at Saint Luke's Hospital in New York City. Mr. Donnelly, 52, had suffered a heart attack Feb. 28 in New York and died from complications, his family said. Mr. Donnelly, who had previously served as the chief financial officer of Comcast Corp.'s programming division, was instrumental in that company's growth into a cable powerhouse and also played a key role in the company's successful merger with NBCUniversal in 2011, said Brian Roberts, the chairman of Comcast Corp.
BUSINESS
February 22, 2012 | By Harold Brubaker, Inquirer Staff Writer
Comcast Corp. announced Tuesday that it would start carrying four new minority-owned networks - in partial fulfillment of a deal with regulators and minority groups that paved the way for the Philadelphia company to take over NBCUniversal last year. The channels, backed by NBA Hall of Famer Earvin "Magic" Johnson, superstar entertainer Sean "Diddy" Combs, and others, are scheduled to launch broadly on Comcast Cable systems between April and January 2014, Comcast said. "I salute them for keeping their word," said the Rev. Al Sharpton, one of three African American leaders to sign an agreement on a wide range of minority issues with Comcast in December 2010.
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