March 29, 2012 |
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.
March 11, 2012 |
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.
February 22, 2012 |
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.
February 16, 2012 |
So much for Netflix and other over-the-top Internet services quickly wiping out the cable-TV business. Comcast Corp. said Wednesday that it had virtually arrested the drain of cable-TV subscribers in the fourth quarter, and analysts speculated that the nation's largest cable company could soon add TV customers after five years of steep and damaging losses that threatened its legacy business. A quarterly loss of 17,000 cable-TV subscribers marked Comcast's best numbers since the first quarter of 2007, when it added 83,000 subscribers.
February 15, 2012 |
Answering Wall Street's call for higher returns to shareholders after stabilizing its cable-TV subscriber losses, Comcast Corp. said this morning it would boost its annual dividend 44 percent to 65 cents a share and repurchase $6.5 billion in company shares, with $3 billion of it spent this year. The nation's largest cable provider disclosed its shareholder plans in its earnings report, which showed it lost only 17,000 cable-TV subscribers in the fourth quarter. That's compared against a loss of 135,000 subscribers in the same period one year ago. Comcast also substantially improved its TV subscriber losses on a year-over-year basis-losing 460,000 subscribers in 2011 compared with 757,000 in 2010.
December 12, 2011
Barbara L. Hoffmann was appointed chief medical officer at St. Christopher's Hospital for Children , Philadelphia. She was associate medical director for Capital Blue Cross as well as medical director for the Office of Medical Assistance for Pennsylvania. Blue Sky Power , Camden, said Liza L. Wolf was hired as chief legal officer and executive vice president. Wolf had been a member of the Business Law Group at the Cozen O'Connor law firm, with a focus in public and project finance, specializing in energy transactions.
November 14, 2011
Steven D. Higgins and Thomas Nerney have been named to the board of Main Line Health Inc. , a nonprofit health system in Radnor. Higgins is managing director, strategic advisory and financial sponsors coverage at Janney Montgomery Scott L.L.C. Nerney is chairman, president, and chief executive officer for United States Liability Insurance Group. Business Leaders Organized for Catholic Schools , a Philadelphia nonprofit fund-raising group, has named the following officers and members to its board: Michael G. O'Neill , CEO and founder of Preferred Unlimited Inc., Conshohocken, is chairman.
October 25, 2011 |
Connecticut Gov. Dannel P. Malloy is expected to announce on Tuesday that NBC Sports will consolidate its Philadelphia and New York operations into Stamford. Consolidating the Comcast Corp. regional sports headquarters and the Versus cable operations could cost Philadelphia more than 100 jobs, according to estimates. Operations for the local Comcast SportsNet, which airs the Phillies, Flyers, and Sixers games, are expected to remain in the city. NBCUniversal officials declined to comment and Malloy has scheduled a news conference at 11 a.m., with announcement headlined: "Gov.