Comcast’s rollout of advanced, Internet-ready X1 set-top boxes, along with a new cloud-based movie storage service and Weblike program guide, could shave video subscriber losses and boost cable TV revenue, analysts say. More than that, the new set-tops might give Comcast (CMCSA) more strategic options vs. Internet streaming services. Such competition from Intel (INTC), Google (GOOG), Sony (SNE), Apple (AAPL) and others has yet to materialize,
Time Warner Cable (TWC) stock shot up to an all-time high on Friday amid reports that Charter Communications (CHTR) is closer to making a formal acquisition offer and that Comcast (CMCSA) is seeking guidance from regulators on whether it can offer to buy Time Warner Cable under antitrust and ownership rules. Charter, whose biggest shareholder is John Malone-controlled Liberty Media (LMCA), is nearing an agreement with banks to raise funds for a
Comcast on Wednesday reported fourth-quarter results that beat views, but the U.S. cable TV leader lost 200,000 video customers in the period. Excluding a one-time tax gain, Comcast (CMCSA) said it earned 29 cents a share compared with 14 cents a year ago and topping analyst forecasts by 2 cents. Lower capital spending and lower interest expense on debt boosted profits, Comcast said. Revenue rose 2.9% to $9.1 billion. Analysts polled by Thomson