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NEWS
September 14, 2013 | By Inga Saffron and Bob Fernandez, Inquirer Staff Writers
Comcast Corp., which runs its growing media empire from Philadelphia's tallest skyscraper, is considering building at least one new tower in Center City and is working with the prominent British architect Norman Foster, according to sources in the city's real estate community. Details about Comcast's expansion plans are being kept under tight wraps, but the company appears to be focusing on constructing the first of several towers on a long, skinny, 1.5-acre site at 18th and Arch Streets, a block west of the Comcast Center.
BUSINESS
September 12, 2013 | By Bob Fernandez, Inquirer Staff Writer
Jeff Shell, a former Comcast Corp. programming executive in Philadelphia, will head the Universal film studio as Steve Burke and Comcast Corp. tighten their grip on Hollywood. Shell is the latest top executive installed by Burke, the CEO of NBCUniversal and a confidant of Comcast chief executive Brian Roberts. Shell headed entertainment programming at Comcast before the cable giant acquired NBCUniversal. He trotted the globe developing deals for NBCUniversal over the last two years, a position many inside Comcast viewed as tailored to give him exposure and retain him for a more glamorous job. He had been based in London.
BUSINESS
August 19, 2013 | By Bob Fernandez, Inquirer Staff Writer
A new era in the mega-billions cable-TV sports business launched Saturday. Fox Sports kicked off the 24-hour Fox Sports 1, and NBCUniversal televised for the first time Premier League soccer matches. NBC has said it would cover every Premier League game - 380 of them. In two years, Comcast Corp.-owned NBC Sports Network will add to its programming late-season NASCAR races, some of the most-watched sporting events on television, after a stunning 10-year deal in July. Comcast took TV rights for those races from ESPN and Turner Broadcasting System Inc. The reported $4.4 billion for NASCAR is the same that Comcast paid to televise the Olympics through 2020 on the NBC broadcast-TV network and the NBCUniversal cable channels.
NEWS
August 2, 2013 | By Jeff Gelles, Inquirer Staff Writer
Steady growth in broadband subscribers. Innovative technology for delivering television and WiFi. Boffo box office from films such as Universal Pictures' Fast and Furious 6 , and high notes in the Nielsens from TV shows such as NBC's The Voice . Comcast Corp. wowed Wall Street on Wednesday with strong quarterly results that beat analysts' expectations. Executives of the Philadelphia-based cable giant, which employs about 6,000 people in the city, were plainly pleased with their decision to complete the takeover of NBCUniversal this spring, saying it helped position the company to grow in a variety of directions.
BUSINESS
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.
BUSINESS
July 14, 2013 | By Andy Fixmer, Bloomberg News
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.
BUSINESS
July 10, 2013 | By Bob Fernandez, Inquirer Staff Writer
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.
BUSINESS
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.
BUSINESS
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.
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