All articles tagged with #comcast
Originally Published 6 days ago — by CNBC
Versant Media Group, spun off from Comcast, began trading on Nasdaq under the ticker VSNT, marking its emergence as an independent media company focused on digital growth, news, and sports, despite industry challenges like declining cable TV revenues and industry disruptions.
Originally Published 6 days ago — by The Hollywood Reporter
Comcast has completed the separation of its cable networks into a new independent company called Versant Media Group, led by CEO Mark Lazarus, aiming to leverage its scale, strategy, and leadership to grow and evolve in the media industry, with Versant now trading on Nasdaq under VSNT.
Originally Published 1 month ago — by Bloomberg.com
Comcast is seeking to merge its NBCUniversal division with Warner Bros. Discovery, aiming to create a larger entertainment conglomerate that combines TV networks, studios, theme parks, and streaming services like Peacock and HBO Max, amidst multiple bids and regulatory considerations.
Originally Published 2 months ago — by Variety
Comcast is exploring a potential bid for parts of Warner Bros. Discovery, hiring Goldman Sachs and Morgan Stanley as advisers, amid ongoing industry interest and WBD's strategic split, with other players like Paramount Skydance and Netflix also considering acquisitions.
Originally Published 2 months ago — by Deadline
Comcast's Co-CEO designate Mike Cavanagh indicated that the company is interested in pursuing mergers and acquisitions, particularly in streaming and studio assets, especially following the Versant spin-off. Despite high regulatory hurdles and previous unsuccessful bids for Disney and Fox, Comcast remains interested in Warner Bros. Discovery, which is currently entertaining offers from multiple parties including Paramount. Cavanagh suggests that regulatory approval may not be as impossible as some believe.
Originally Published 2 months ago — by The Hollywood Reporter
Peacock, Comcast's streaming service, reported a narrowed third-quarter loss of $217 million with stable subscriber numbers at 41 million, despite a slight revenue decline to $1.4 billion. The company's overall financials showed mixed results across different segments, with growth in theme parks and content licensing offset by losses in other areas. Comcast continues to invest in content and theme park expansion while managing costs and preparing for a corporate separation.
Originally Published 2 months ago — by CNBC
Comcast exceeded Wall Street earnings estimates in Q3 despite losing broadband subscribers for the fourth consecutive quarter, driven by growth in mobile customers and streaming services like Peacock, while revenue declined slightly overall.
Originally Published 2 months ago — by businessinsider.com
Taylor Sheridan, the creator of hit TV series like 'Yellowstone,' is leaving Paramount for Comcast, a move that highlights the power of individual creators in the media industry despite the focus on technology and algorithms. Sheridan's departure is significant given his success and influence, and it raises questions about the value of star creators in a rapidly changing industry.
Originally Published 3 months ago — by The New York Times
Mike Cavanagh has been named co-CEO of Comcast, starting in January, alongside longtime CEO Brian Roberts, marking a significant step in the company's succession planning and the first time a non-Roberts family member has held the top executive role.
Originally Published 4 months ago — by Barchart.com
The article reviews three high-growth dividend stocks—Best Buy, Comcast, and Regions Financial—that meet strict criteria for high yields and sustainable growth, highlighting their dividend history, payout ratios, and analyst ratings as promising investments for 2025.
Originally Published 5 months ago — by The Hollywood Reporter
Peacock's subscriber count remains at 41 million, with losses reduced to $101 million in Q2 2025, as Comcast reports better-than-expected earnings and prepares for increased costs from new NBA rights and a recent $3 price hike, while also benefiting from the Hulu sale and strong performance in other segments.
Originally Published 5 months ago — by Variety
Comcast announced the formation of a new independent media company, Versant Media Group, which will include NBCUniversal's cable networks and digital assets, with a planned spin-off by the end of 2025. The company will have a new board of directors featuring notable executives and industry leaders, and Comcast's CEO Brian Roberts will retain a significant voting interest but will not serve on the board.
Originally Published 5 months ago — by CNBC
Comcast announced the board of directors for its cable networks spinoff, Versant, which will become the parent company of NBCUniversal’s cable networks and digital assets, with a leadership team from diverse backgrounds in media, technology, and finance, aiming to complete the spinoff by the end of the year.
Originally Published 6 months ago — by Inquirer.com
Comcast and Harris Blitzer Sports Entertainment, owners of the Philadelphia 76ers, have purchased multiple properties on East Market Street as part of their ongoing efforts to revitalize the corridor, despite abandoning earlier plans for a new arena in Center City. The $56 million acquisition signals their continued interest in the area, with future development plans to be announced.
Originally Published 7 months ago — by The New York Times
Disney has agreed to pay an additional $439 million to acquire full control of Hulu from Comcast, ending a year and a half dispute over the valuation, with the deal expected to close by July 24. This move will enable Disney to better integrate Hulu with Disney+ and support bundled sales with upcoming ESPN streaming services.