Is Comcast Corp. (CMCSA) on the verge of getting regulatory approval to acquire a controlling stake in NBC Universal (NBCU)? A recent change at the helm of NBCU indicates this. Yesterday, Comcast and General Electric Co. (GE), the current owner of NBCU said in a joint statement that the existing COO of Comcast, Mr. Steve Burke will succeed the incumbent CEO of NBCU Mr. Jeff Zucker by 2010 end.
NEW YORK (Reuters) - Comcast Corp's NBCUniversal business exercised an option to sell "a substantial portion" of its stake in A&E Television Networks to joint-venture partners, a filing from the media company showed. Comcast, which owns almost 16 percent of A&E, exercised the option on March 26 and expects the deal to close in the second half of 2012, the company said in a filing with the Securities and Exchange Commission earlier this week. "The parties are still discussing how much of the stake will be sold," The Wall Street Journal reported, citing a person familiar with the matter. ...
Comcast Corporation (CMCSA), the largest broadcasting and cable company in the world by revenues, is set to release its 2QFY14 earnings on July 22, before the opening bell.
Comcast has gained around 5.15% year-to-date (YTD) after positive first-quarter results. However, its closest competitor, Time Warner Cable Inc (TWC), has returned around 10% YTD, 4.85 percentage points (ppts) more. Similarly, the company’s stock has been outperformed by the S&P 500 Cable and Satellite index by 3.6 ppts over the same period.
US media giant Comcast said Tuesday it was divesting its 15.8 percent stake in the A&E cable channel held through its NBCUniversal unit, getting some $3 billion.In documents filed with the Securities and Exchange Commission, Comcast said it was redeeming its stake in the joint venture with Disney/ABC and Hearst Communications.Comcast, which took control of the vast NBC television enterprise in 2011, said earlier this year it would sell its stake in A&E but had not indicated a price.