October 25, 2014 |
Third-quarter revenue at Comcast Corp. rose 4 percent, to $16.8 billion, and net income soared 50 percent, to $2.6 billion, as the company added 315,000 high-speed Internet customers and shed 81,000 TV customers, the cable giant reported Thursday. When adjusted for a tax gain and $77 million in expenses associated with the proposed acquisition of Time Warner Cable Inc., net income rose 10.6 percent, the company said. Shares of Comcast, in addition to those of acquisition target Time Warner Cable, jumped in morning trading on a broad surge on Wall Street.
March 10, 2014 |
ORLANDO - Comcast Corp., hungry for revenue and profit growth beyond its core telecommunications business, is investing hundreds of millions of dollars into theme parks in California and Florida and doing what few other U.S. companies have the financial muscle to do - challenge Walt Disney Co.'s tourism business. Here in America's sunny theme park capital, it's ground zero. Comcast acquired Universal Orlando Resorts as part of its deal for NBCUniversal in 2011, just as Universal was reaping huge attendance gains from the Harry Potter and the Forbidden Journey ride.
November 1, 2013 |
Comcast Corp., the cable-TV and media giant, reported Wednesday that third-quarter revenue fell 2.4 percent because of an unfavorable comparison with the previous year, when its top line was boosted by a $1.2 billion blast of TV and Internet advertising associated with the London Olympic Games. Third-quarter profits also took an 18 percent hit because of a separate unfavorable comparison. A year ago, those profits were inflated with the cash proceeds of the sale of wireless spectrum to Verizon Wireless and Comcast's sale of its stake in A&E Television Networks L.L.C.
October 6, 2013 |
The head of the Comcast Corp.-owned Telemundo network, Emilio Romano, is leaving the company in the latest shuffle of NBCUniversal executives. Telemundo is a distant second in the fast-growing Spanish-language TV market, with a goal of closing the gap with top-watched Univision. NBCUniversal's Hispanic Enterprise and Content Group, which includes Telemundo, is now run by former Univision executive Joseph Uva. He reports to Steve Burke, the chief executive officer at NBCUniversal.
September 12, 2013 |
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.
August 19, 2013 |
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.
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.
June 7, 2011 |
LAUSANNE, Switzerland - On the eve of their effort to win the television rights for the Olympic Games beginning in 2014, Comcast Corp. chairman and CEO Brian L. Roberts and his top officers made final preparations Monday, and did it behind closed doors at the handsome Hotel Beau Rivage Palace. The executives of the Philadelphia cable giant are camped out on the shores of Lake Geneva in this world-class resort by virtue of their purchase of NBCUniversal Inc. in January. How Comcast handles the bidding Tuesday - an aggressive offer to ensure that NBC retains rights it has held since 1988, or a more prudent bid that reflects no stomach for losing $220 million, as the network did when it broadcast the 2010 Winter Games from Vancouver, Canada - is likely to be as interesting as the outcome itself.
June 5, 2011 |
It's a small French-speaking town on the sun-licked shores of Lake Geneva where visitors are drawn to the leisurely pursuits of bike riding, wine tasting, and architecture gazing. But this week, the nation's top U.S. media executives, among them Brian Roberts of Comcast Corp., will travel to Lausanne, Switzerland, not in pursuit of these timeless pleasures, but in the hunt for one of the biggest prizes in sports entertainment. The International Olympic Committee will hold its auction for the U.S. TV rights to the 2014 and 2016 Olympic Games at its headquarters in Lausanne on Monday and Tuesday, and the winner will walk away with Olympic bragging rights and the potential ratings bonanza that comes with the airing of hundreds of hours of eyes-glued-to-the-TV sports footage.
May 22, 2011
"We will pay back the loans. " - Greek Prime Minister George Papandreou, dismissing the possibility of delaying his country's debt repayments. "I don't want to be the kind of CEO who's picking thread colors on jeans pockets, but the team needs me right now. " - Urban Outfitters Inc. chief executive officer Glen T. Senk, taking blame for disappointing quarterly results and promising a hands-on approach. "The Federal Reserve has unilaterally taken it upon itself to levitate asset prices.