Tag Archives: cmcsa

Comcast, Verizon Q2: NBCU, Wireless Deals Play Out

Comcast and Verizon Communications early Tuesday delivered Q2 earnings that owed much to their recent blockbuster acquisitions. Comcast’s (CMCSA) cable TV business delivered a Q2 broadband beat as video subscriber losses narrowed from the year-earlier quarter amid mixed results at entertainment arm NBCUniversal. Comcast completed its acquisition of NBCU from General Electric (GE) last year. Comcast on Tuesday said that Q2 EPS rose 15% to 75 cents,

Fox Bid For Time Warner Shakes Up Evolving Media Era

By making an $80 billion acquisition offer for Time Warner, Rupert Murdoch’s 21st Century Fox has changed the media ecosystem. Megadeals might well now be the norm — a la Comcast ‘s (CMCSA) $45.2 billion agreement, announced in February, to acquire Time Warner Cable (TWC), which awaits government approval. Content and distribution companies need to generate continuous growth in their customer bases, and the quickest and most efficient method now

Verizon, Comcast Q2 Up Against Seasonally Weak Period

Comcast and Verizon Communications (VZ) kick off Q2 earnings for communications companies with reports out before the market open Tuesday morning, with the nation’s No. 1 cable TV firm seen growing profit by 11% and Verizon’s EPS, boosted by wireless service, expected to rise 23%. Comcast (CMCSA) is expected to report profit of 72 cents per share, up 11% from the year-earlier period, with revenue up 4% to $16.98 billion. Analysts polled by Thomson