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Keyword: comcast

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  • Federal judge clears AT&T's $85 billion bid for Time Warner with no conditions

    06/12/2018 1:49:31 PM PDT · by Red Badger · 99 replies
    CNBC ^ | 06/12/2018 | Sara Salinas
    AT&T announced that it was buying Time Warner for $85.4 billion in October 2016. The Justice Department sued last year to block the merger, citing concerns that AT&T, owner of satellite television provider DirecTV, could charge rival distributors more for Time Warner content, resulting in higher prices for consumers. The outcome of the trial could have implications for future deals in the telecom and media industries, as well as vertical mergers, where companies combine with their suppliers. A federal judge said Tuesday that AT&T's $85.4 billion purchase of Time Warner is legal, clearing the path for a deal that gives...
  • Comcast makes $65 billion offer for 21st Century Fox, setting up bidding war with Walt Disney

    06/13/2018 1:58:13 PM PDT · by EdnaMode · 18 replies
    Washington Post ^ | June 13, 2018 | Steven Zeitchik
    Comcast made a stunning $65 billion bid Wednesday for 21st Century Fox in what is expected to be the first of many attempts to buy up pieces of the entertainment world in the wake of AT&T’s decisive legal victory over the government to buy Time Warner. Comcast’s offer sets up a battle of wills between two of the most dominant and deep-pocketed entertainment companies in the world — Walt Disney and Comcast, the nation’s leading cable company which already owns Universal Studios and NBC. Comcast’s offer is about 19 percent higher than what Disney offered late last year. But the...
  • Comcast Prepares To Make Unsolicited Offer For Fox

    05/08/2018 4:01:02 AM PDT · by Magnatron · 14 replies
    Deadline Hollywood ^ | 8 May 2018 | Dawn C. Chmielewski
    Reuters reports that Comcast is speaking with investment bankers about obtaining bridge financing for an all-cash offer. It’s waiting for a federal judge to issue a ruling next month in the Justice Department’s challenge to the AT&T-Time Warner merger before making its move, the news organization says. Media analyst Rich Greenfield predicted Comcast would make another run at Fox, in part because the deal would give Disney “unprecedented control” over the legacy media landscape. The combined film studios account for more than 40% of the domestic box office, and Disney’s control of ESPN and Fox’s regional sports networks would give...
  • TECHNOLOGY Charter, Comcast, Altice Dive As Cable TV Subscriber Losses Mount

    04/30/2018 9:32:29 AM PDT · by HonkyTonkMan · 11 replies
    Investors ^ | 4/27/2018 | REINHARDT KRAUSE
    < Snip >Shares in Charter Communications (CHTR) plunged after the cable TV firm reported first quarter earnings and lost more video subscribers than expected, also sparking a sell-off in Comcast (CMCSA) and Altice USA (ATUS). Charter plummeted 11.7% to 263.33 on the stock market today. Comcast fell 4.6% to 31.81. Altice dropped 9.3% to 17.59.
  • NFL being removed from major cable company’s most popular package

    04/24/2018 2:03:58 PM PDT · by RedMonqey · 87 replies
    Western Journal ^ | April 24, 2018 | Bryan Chai
    In the latest sign that the NFL’s stock isn’t what it used to be, the league’s flagship network is being removed from a major cable company’s most popular subscription tier. According to Awful Announcing, Comcast will be moving NFL Network from its most widely distributed cable package to a less viewed, more exclusive package. Comcast, the largest broadcasting and cable television company in the world by revenue, reached the decision to move NFL Network after Fox purchased the rights to “Thursday Night Football” for the upcoming season.
  • Comcast & The Cable Industry Greets The New Year With A Flurry Of Price Increases

    01/02/2018 7:40:32 AM PST · by george76 · 60 replies
    Techdirt ^ | 2 Jan 2018
    from the we-don't-have-to-compete,-we're-the-cable-and-broadband-industry dept. What do you do when you're faced by an existential, evolutionary shift that threatens your entire, overly-comfortable industry? Why you raise rates, of course! Comcast is one of six cable providers who have informed customers that they've raised the rates for the new year, despite the record-setting shift toward cord cutting during 2017. Everything Comcast offers is seeing price hikes .., ranging from increases in the company's traditional channel bundles, a price increase for Comcast's standalone streaming platform, and even the fee charged for renting a modem (which is now $11 per month). Comcast's even jacking...
  • Sarah Sanders Teases NBC Reporters Getting a Christmas Bonus Thanks to Donald Trump

    12/21/2017 12:59:29 PM PST · by davikkm · 34 replies
    breitbart ^ | CHARLIE SPIERING
    White House press secretary Sarah Sanders had some fun with NBC reporters who questioned her on the tax plan and the government funding agreement. “Hopefully you’re one of the NBC reporters that’s getting one of those bonuses,” Sanders quipped to NBC White House reporter Kristen Welker on Thursday after a group of reporters asked her questions on the White House driveway. “Not yet,” Welker replied. Comcast announced on Wednesday that their employees, which includes MSNBC, CNBC, and NBC, would get a $1,000 bonus after the tax plan passed. The statement from Comcast read: Based on the passage of tax reform...
  • These companies are handing out big rewards to their workers over tax bill

    12/20/2017 4:41:20 PM PST · by DadOfFive · 24 replies
    Some of America’s biggest companies are launching new initiatives to benefit employees after the GOP-led House of Representatives approved the largest tax reform bill in three decades this week. The $1.5 billion tax bill reduces the corporate tax rate from 35% to 21% and changes the way the U.S. government taxes companies that also operate internationally. The new plan, which is expected to be signed by President Donald Trump by January at the latest, is being hailed as a major victory for corporations and wealthy Americans. FOX Business breaks down how employees at some major companies are benefitting from the...
  • Major US companies say workers will see some of tax windfall

    12/20/2017 6:29:38 PM PST · by Olog-hai · 21 replies
    Associated Press ^ | Dec 20, 2017 7:03 PM EST | Josh Boak
    Hours after landing a massive tax windfall, AT&T, Comcast, Wells Fargo and Boeing — among other major companies — announced plans Wednesday to share a fraction of their bounty with workers. The moves pleased President Donald Trump, who has claimed his $1.5 trillion in tax cuts that largely favor the wealthy and businesses would ultimately help the middle class. But Democratic lawmakers and corporate watchdogs say the move is a public relations stunt that pales in comparison to the profits the companies’ shareholders and executives will reap because of the lower tax rates. The stock market, as well, has risen...
  • This is just the start of companies handing out bonuses, raising wages and increasing spending

    12/20/2017 4:52:39 PM PST · by springwater13 · 38 replies
    Expect a stampede of companies handing out bonuses, raising pay, spending on capital projects and giving to charities, with the windfall from the massive corporate tax cuts passed Wednesday. In the hours after Congress the GOP tax cut plan, a handful of companies jumped to announce plans to share some of the proceeds on their employees and spend on infrastructure. AT&T was first out of the gate, saying it would give more than 200,000 unionized employees a special bonus of $1,000 once the tax bill is signed. The company also said it would increase its capital expenditures by $1 billion....
  • Disney and Fox are closing in on deal, could be announced next week: Sources

    12/05/2017 7:33:30 AM PST · by C19fan · 24 replies
    CNBC ^ | December 7, 2017 | David Faber
    Disney and Twenty-First Century Fox are closing in on a deal, and it could come as soon as next week, according to sources familiar with the matter. CNBC has been reporting that Disney has held talks with the Rupert Murdoch-controlled media company to acquire its studio and television production assets, leaving Fox with its news and sports assets. Fox is also talking with CNBC parent company Comcast, but the talks with Disney have progressed more significantly.
  • Anyone else having Comcast DNS Problems again this week?

    11/11/2017 6:55:37 AM PST · by usconservative · 40 replies
    Self ^ | 11/11/2017 | USConservative
    Third time in this week Comcast's DNS is messing up big time. First they blamed Century One earlier this week then their connectivity to CL's backbone was experiencing issues, now Comcrap is blaming "local service outages." Getting really sick of Comcrap, unfortunately they're the only option in my area. Anyone else on Comcrap having issues? Where are you? Is this another nationwide event that they're trying to squelch? Chicago area here. (Spare me the Chicago jokes, I've either heard 'em all, repeated 'em all, or made my fair share up about Chicago and living near the murder capital of these...
  • Massive Outage Hits Comcast, Spectrum and Level 3 Communications (1:24 min)

    11/06/2017 1:39:33 PM PST · by ransomnote · 47 replies
    youtube.com ^ | November 6, 2017 | Youtube vlogger DAHBOO77
    Video at link is 1:24 minutes in length and was uploaded around 12:50 PST. The video displays a map of regions of outages all occurring in the same place for 3 separate entities (Comcast, Spectrum, Level 3). The vlogger provided the following link for use in learning more about the outages: http://downdetector.com/status/comcast-xfinity/map/ You can change the company viewed but the link is currently set to Comcast-Xfinity.
  • Comcast experiencing internet outage across U.S.

    11/06/2017 12:12:09 PM PST · by rdl6989 · 56 replies
    kdvr.com ^ | Nov 6 2017
    DENVER — Comcast’s internet service, Xfinity, is reportedly experiencing outages across the country, according to multiple reports. A look at the map on DownDectector.com shows the outage hitting major cities like San Francisco, Boston, and Seattle.
  • ESPN Lost 480,000 Subscribers in October

    10/31/2017 8:46:13 AM PDT · by TigerClaws · 53 replies
    There are a variety of ways, in which businesses judge whether they’re having a successful business day. However, if you’re losing over 15,000 customers a day, that is generally frowned upon.
  • Comcast Xfinity Sees Huge Subscriber Loss, Shares Plunge

    09/13/2017 6:08:26 AM PDT · by george76 · 87 replies
    Newsmax ^ | Sunday, 10 Sep 2017
    Comcast, the parent company of MSNBC, saw its shares plunge this past week as the company said it expected a record drop-off of subscribers for its Xfinity cable and internet service. The selloff of shares began on Thursday when Matthew Strauss, a Comcast vice-president for Xfinity, told a Merrill Lynch media conference that the company was bracing for a dramatic loss of 100,000 to 150,000 subscribers in the third quarter of this year. Shares had closed Wednesday at over $41 a share, but Thursday’s announcement led to a 7 percent price decline -- the biggest drop in share price since...
  • Comcast Cable TV Not Working

    08/08/2017 7:51:42 PM PDT · by Steve_Seattle · 47 replies
    Self/Vanity | 8/8/2017 | Stephen Triesch
    I live in the Seattle area and just lost all TV connection via Comcast. Is anyone anywhere having similar problems?
  • Comcast Problems? (Vanity)

    06/26/2017 11:40:08 PM PDT · by be-baw · 40 replies
    Casa be-baw | Today | be-baw
    Lost cable TV, internet, and phone service from Comcast around 1:30 am. I'm in Lansing, Mi. Anyone else having problems.
  • Comcast creates 600 jobs in Broward County (Florida)

    04/14/2017 12:06:28 PM PDT · by 2ndDivisionVet · 12 replies
    The South Florida Journal ^ | April 13, 2017 | Emon Reiser, digital producer
    Comcast Corp. on Thursday announced 600 new jobs for its base in Miramar. The Philadelphia-based telecommunications giant (Nasdaq: CMCSA) said it aims to focus on improving its customer service by adding 5,500 customer service jobs across the country. A direct beneficiary of the plan, South Florida will be the base of Comcast's beefed up customer care team at 15800 S.W. 25th St. Among the hundreds of new sales and customer care jobs coming to Broward County, the Fortune 50 company will have 160 representatives dedicated to technical support for Comcast Business' small- and medium-business customers as well. "Today’s announcement shows...
  • Comcast staffers join walkout over Trump's immigration crackdown

    02/03/2017 7:30:43 PM PST · by markomalley · 12 replies
    The Register ^ | 2/3/17 | Shuan Nichols
    Add Comcast to the ranks of companies whose workers have come out against President Trump's crackdown on Muslim immigrants. The cable giant on Thursday saw workers from multiple offices walking out to join protests over the President's travel restrictions on seven countries. Employees from Comcast offices in Philadelphia, Sunnyvale, California, Washington, DC, and New York City (SoHo) all took their leave Thursday to participate in rallies. According to Philadelphia blog Billy Penn, the Philly rally in particular drew a large crowd, as hundreds of employees from Comcast's main office walked out to take part in protests at City Hall. Workers...