Level 3 Communications has asked federal regulators to impose conditions on Comcast's deal to acquire control of NBC Universal, potentially upsetting efforts by the cable giant to get the deal closed by the end of the year. Level 3 is in a dispute with Comcast over increased fees the cable giant wants for delivering more Level 3 traffic over its network.
Level 3 Communications Inc., an Internet backbone company that supports Netflix Inc.'s increasingly popular movie streaming service, complained Monday that cable giant Comcast Corp. is charging it an unfair fee for the right to send data to its subscribers. Comcast replied it is being swamped by a flood of data and needs to be paid.
Comcast announced its numbers for the third quarter of fiscal 2010, posting a revenue of $9.5 billion, up from $8.8 billion in the year-ago quarter. Net income was $867 million in the third quarter compared with $944 million in the comparable period a year ago.
Jeff Zucker, the President and Chief Executive Officer of NBC Universal, said Friday that he will step down as the head of the media giant when Comcast assumes control of NBC.
Comcast reported that revenue increased 6.1 percent in the second quarter of 2010 to $9.5 billion, while earnings per share (EPS) was $0.31, a 6.1 percent decrease from the $0.33 reported in the second quarter of 2009.
There are many fears over the proposed merger of Comcast Corp. and NBC Universal Inc., including the fact that the cable company could monopolize the business-news market through its ownership of CNBC. Seeking to avoid this fate, Bloomberg is asking regulators to consider forcing Comcast to sell the highly profitable CNBC as a condition of the proposed $30 billion deal for NBC Universal.
Comcast reported its fiscal results for the 1st quarter of fiscal 2010, announcing a net income of $866 million compared to $772 million the year before. Its net revenue, on the other hand, was $9.2 billion up 3.8% from the year before.
Comcast is carrying the first live National golf tournament in next-generation 3-D with its coverage of the Masters this week, showing off a glimpse of its new technology
Broadcast affiliates of CBS, News Corp's FOX and Walt Disney Co's ABC are seeking some regulatory conditions from the deal between Comcast Corp and NBC Universal so that they are not put in a competitive disadvantage.
Some of the larger media-centric funds spent the last three months of 2009 selling large chunks of their holdings in such stalwarts as Comcast instead focusing their sights on companies like DirecTV, Time Warner Cable and Viacom, according to their year-end reports filed with the SEC.
Comcast announced that it is launching an online storage product called Secure Backup & Share to help its high-speed Internet customers reduce their risk of losing important files
Comcast has acknowledged another error in its billing which could have potentially affected thousands of consumer. The mistake, which involves a botched collection of local government fees, is the second one of the month, which obviously figures to have a negative impact on the company
Comcast reported its revenue for the fourth quarter of 2009 as $9.1 billion, a 2.9% increase from the previous quarter, while its operating income increased 3.4% to $1.8 billion.
In the face of criticism that the proposed $30 billion merger of Comcast and NBCU will lead to higher cable TV rates, harm competition, and stifle online innovation, chief executives for both companies will have to testify before two congressional subcommittees.
Comcast has announced that it would gladly make Comcast SportsNet Philadelphia available to satellite-TV providers if DirecTV will make NFL Sunday Ticket available to cable-TV providers.
Comcast is providing more than $1 million in cash and in-kind support for disaster relief to victims of the Haitian earthquake
A panel of federal judges heard arguments in Comcast's challenge against the FCC's ruling to censure the cable giant for secretly blocking certain Internet traffic, raising questions about the commission's authority to act in the matter.
According to a Bloomberg report, U.S. regulators said they will consider changes that would prevent Comcast and other cable companies from withholding sports telecasts from competitors.
U.S. regulators may change a rule that cable companies such as Comcast rely on to withhold telecasts of professional sports from competitors.
NBC sold its NBC Universal division to Comcast for $30 billion in a deal that adds profitable cable franchises to the compandy
Comcast finally reached an agreement with Georgia customers in a nearly 4-year-old suit in which the customers accused the company of overcharging them on franchise fees. Comcast will be required to give $50,000 in donations to one or more Georgia charities.
According to The Wall Street Journal, a deal giving Comcast majority ownership in NBC Universal would face regulatory hardships by forcing regulators to confront the issue of a large media distributor controlling a large content producer and public issues like media consolidation, cable pricing and Internet neutrality
Comcast announced its fiscal results for the third quarter of 2009, posting revenues of $8.8 billion and a net income of $944 million
Comcast and General Electric are wrestling over the value of NBC Universal in negotiations that would give Comcast control of GE's television and movie company. As of the end of October 2009, these talks have progressed a lot, and a deal has become imminent
Comcast's bid for NBC Universal seems to be in jeopardy as Time Warner Cable now seems to be in better position, winning over more investors
After a couple of miserable quarters earnings for NBC Universal actually increased in Q3, even though the entertainment conglomerate’s revenue kept dropping. This is good news for Comcast, who has been in talks to buy NBCU for some time
Comcast plans on expanding the sports business, which could happen if its bid to control NBC Universal succeeds. If this transaction goes through, there is a chance that the Comcast-NBC Universal partnership will create a potential new rival to ESPN.
Comcast is considering a partnership with Hulu, the website that allows people to watch videos for free online. If the partnership goes through, many think that Comcast will force Hulu to charge for its services, due to its long-standing disdain for Hulu allowing people to watch for free shows that Comcast spends billions of dollars to show on TV
Comcast is considering buying a stake in Hulu, the immensely popular website that provides free online videos. If this happens, there is a considerable chance that Comcast will force Hulu to charge for its content, as Comcast has disliked the fact that Hulu allows people to watch for free - the same shows that TV distributors spend billions to show.
Time Warner has dropped out of bidding for NBC Universal, increasing the likelihood that Comcast will buy the 51% stake in the unit that it has been in talks with for
Comcast is considering spending billions of dollars for a stake in NBC Universal, which would help the nation's largest cable TV provider become one of the most prominent owners of TV shows and movies
Comcast signed a deal with Computer Applications Development (CAD) for the new rights management system MediaRights to the company's sales and business operations teams.
In recent years, Comcast has raised rates considerably, while offering what many customers see as a decline in service. With increased rates and a lower number of available channels and overall quality, many customers have become unhappy.
S&P raised its outlook on CMCSA from stable to positive citing its increased cash flow and subscriber growth amidst tumultous financial times.
CMCSA announced that its Q1 2009 profit climbed by about 5.5% to $772 million or 27 cents per share. CMCSA's quarterly revenue increased to $8.84 billion in Q1 from $8.39 billion a year earlier. These earnings beat analysts' expectation which were about 23 cents per share.
Comcast's Q4 revenues increased by 9% during the quarter. However, the company's net income dropped by 32% in Q4 mainly because of a $600 million write-down of its investment in wireless technology provider Clearwire Corp. In order to cope with rising costs, CMCSA cut 3,300 jobs in Q3 and Q4.
Comcast saw revenue rise 11% and an 8% increase in profits for the quarter. Comcast added 278,000 internet customers which, at this point, makes up 75% of new broadband users added by all internet service providers. Comcast also added 320,000 digital customers despite losing 138,000 basic customers.
Comcast was blocking peer-to-peer traffic on its network to stop users from sharing movies and other files. FCC Chairman plans on sanctioning Comcast.
Comcast's broadband network has been having traffic and speed issues that the company has had difficulties resolving. However, Comcast reported that they will be collaborating with Vonage in order to fix these problems.
Comcast acquires Plaxo for a yet undisclosed amount. Plaxo is Comcast's largest partner which makes the acquisition a logical one. Plaxo's Pulse product allows users to update and maintain their contact information in computers and PDA's.
Comcast revenues increased 14%, but profits declined 12.5%. Comcast added about 500,000 customers to its high speed internet service and about 639,000 customers to digital telephone.
Comcast shares rose on the releaseof a 54% year on year increase in broadband and digital line telephone revenue in addition to its first dividend release in a decade.
04/05/2006 - 12/31/2006: Comcast begins marketing their VoIP and Triple Play services which brings them steady growth for
Comcast's 3Q quarterly earnings were down 54% from a year ago. The company sites intensifying competition from satellite cable and Telcos. Analysts however, seem to blame the slumping housing market.
Comcast reports 3Q revenue of $560MM, down 54% from a year ago. The company attributes the drop to increased competition from telephone companies and satellite cable providers. Analysts, however, sited the continuing real estate slump.
Comcast reports that it lost 95,000 basic video subscribers, more than analysts anticipaed.
07/06/2006 - 07/06/2006: Comcast and Time Warner Cable receive permission from the FCC to acquire bankrupt rival Adelphia
02/01/2007 - 02/01/2007: Comcast announces that they are forecasting revenue growth of at least 11%, and total revenues of at