Comcast Corporation (CMCSA) - NASDAQ
  • Today, 12:53 PM
    • Following a very successful upfront season, Comcast (NASDAQ:CMCSA) has agreed to an extension of NBCUniversal chief Stephen Burke.
    • In an SEC filing, the company noted Burke was re-upped through the end of August 2020. As an incentive, he's receiving a stock option with grant date fair value of $10M which vests 100% on Aug. 14, 2023.
    • Burke agreed not to sell any net after-tax shares received upon exercise before the second anniversary of the exercise date.
    • The company will also keep crediting contributions ($4.1M in 2017, increasing 5% each year) to his deferred compensation plan.
    | Today, 12:53 PM
  • Yesterday, 10:37 AM
    • Comcast (NASDAQ:CMCSA) is up 0.8% in some choppy early trading after Q2 earnings where profits fell on a let-up on the film side, but beat expectations nonetheless.
    • Films continued to face a tough comp from Universal's stellar 2015 and summer blockbusters like Furious 7 and Jurassic World.
    • EPS fell 1.2% and operating income fell 1%. But revenue grew 2.8% and beat easily.
    • Revenue by segment: Cable Communications, $11.7B (up 6%); Cable Networks, $2.45B (up 4.7%); Broadcast Television, $1.8B (up 17.3%); Filmed Entertainment, $2.27B (down 40.4%); Theme Parks, $773M (up 47%).
    • Customer relationships were up by a net 115,000. Single-product customers grew by a net 6,000, while double-play customers were up 53,000 and triple-play up 56,000. Video customer losses fell to a 10-year low for Q2, of 4,000 customers; Comcast added a net 220,000 high-speed Internet customers and 64,000 voice customers.
    • Press Release
    | Yesterday, 10:37 AM
  • Yesterday, 7:23 AM
    | Yesterday, 7:23 AM
  • Yesterday, 7:03 AM
    • Comcast (NASDAQ:CMCSA): Q2 EPS of $0.83 beats by $0.02.
    • Revenue of $19.27B (+2.8% Y/Y) beats by $270M.
    • Press Release
    | Yesterday, 7:03 AM | 1 Comment
  • Tue, Jul. 26, 6:02 PM
    • Fox News (FOX -0.2%, FOXA -0.4%) made hay during the Republican National Convention, topping cable ratings even amid the fallout of the departure of its leader Roger Ailes.
    • The network benefited from placing eight programs focused on the convention in the week's top 20. Ratings were so good it also outpaced broadcast networks except for NBC.
    • Fox News averaged 4.1M viewers to NBC's 5.1M. CNN (TWX -0.3%) was second in cable, averaging 2.4M viewers.
    • CBS averaged 4.0M in prime-time; ABC (DIS -0.7%) 3.8M; and CNN just ahead of Fox broadcast at 2.2M. NBC (CMCSA -0.4%) had the top two overall programs with showings of America's Got Talent, followed closely by a pair of Fox News broadcasts of Donald Trump's nomination acceptance.
    | Tue, Jul. 26, 6:02 PM | 37 Comments
  • Tue, Jul. 26, 5:30 PM
    | Tue, Jul. 26, 5:30 PM | 9 Comments
  • Mon, Jul. 25, 6:48 PM
    • The telecom sector has usually offered investors some solid dividend payers, but a separation in network quality between the top and smaller competitors is putting some dividends at risk.
    • Three regional telecoms make Roger Conrad's "Endangered Dividends List" -- CenturyLink (NYSE:CTL), Windstream Holdings (NASDAQ:WIN) and Communications Sales & Leasing (NASDAQ:CSAL). They've got cash flow to cover payouts now, but profit margins keep shrinking.
    • Windstream had effectively slashed its dividend nearly a year ago with the spinoff of CSAL, he says, and CenturyLink gave investors a 25%-plus haircut three years ago.
    • Only five of 22 telecoms he looked at pay a higher dividend today than they did five years ago: AT&T (NYSE:T), Verizon (NYSE:VZ), Comcast (NASDAQ:CMCSA), Shenandoah Telecommunications (NASDAQ:SHEN), and Telephone & Data Systems (NYSE:TDS).
    • CenturyLink might be first to make a cut, he says, as it's rolling over $1.35B in debt this year and faces heavy annual maturities from 2020-2025.
    | Mon, Jul. 25, 6:48 PM | 12 Comments
  • Mon, Jul. 25, 12:14 PM
    • Star Trek Beyond topped the box office, providing a nice score for Paramount (VIA +0.5%, VIAB) in a week where five films shared a weekend take that was up 29% Y/Y.
    • The latest Star Trek film showed a decline from the last entry (Star Trek Into Darkness) but logged $59.6M for a easy first place, outgrossing the $29.3M The Secret Life of Pets (CMCSA, in its third week) and the $21.6M scared up by Ghostbusters (SNE -2%).
    • Two other debuts hit the $20M mark: Horror-thriller Lights Out (TWX +0.3%) drew $21.6M, and Ice Age: Collision Course (FOX -0.4%, FOXA -0.3%) a worse-than-expected $21M.
    • The Secret Life of Pets fell off 42% but brought its cumulative take to over $260M. Meanwhile, Finding Dory (DIS -0.2%) was sixth with $7.2M over the weekend, but brought its six-week take to $460.2M.
    | Mon, Jul. 25, 12:14 PM | 4 Comments
  • Thu, Jul. 21, 6:37 PM
    • Comcast (NASDAQ:CMCSA) says it will sell prepaid cable and Internet, borrowing a model from wireless companies' approach to low-income households and borrowing Boost Mobile (NYSE:S) stores to do so.
    • Xfinity Prepaid Services don't require a credit check or contract, and can be topped up like a prepaid phone after an initial setup charge.
    • The TV plan will have two tiers: a 45-channel plan ($80 for setup and first 30 days, plus refills of $15 for seven days or $45 for 30 days) and a 140-channel plan ($120 for start-up, $30 for seven days, $90 for 30 days). Internet will start at $80, with $15 for a seven-day refill and $45 for a 30-day refill.
    • The offering will roll out later this year to Illinois, Michigan, Georgia, Florida and Indiana, though Comcast's deal with Boost Mobile says it will offer it through Boost's 4,400-store Comcast-overlapping footprint by the end of 2017.
    • The move could appeal to the 14M-16M homes that can't pass the necessary credit check for standard contract-based pay TV.
    | Thu, Jul. 21, 6:37 PM | 10 Comments
  • Tue, Jul. 19, 8:51 AM
    • Mattel (NASDAQ:MAT) will take over the Jurassic Park toy license from Hasbro (NASDAQ:HAS) in July of 2017. The strong move by the company is aimed at boosting sales for the boys business. Terms of the deal weren't disclosed.
    • Hasbro reported a sharp in Jurassic-related sales in Q2. The drop was largely expected due to the comparison to last year when a Jurassic movie was released. The next Jurassic movie is scheduled for 2018.
    • Hasbro CEO Brian Goldner brought up the loss of the license on yesterday's post-earnings conference call (transcript). "We’ll no longer handle Jurassic Park because we were unable to arrive at a mutually beneficial financial arrangement on that brand," he noted.
    • The Jurassic franchise is owned by Universal (NASDAQ:CMCSA).
    | Tue, Jul. 19, 8:51 AM
  • Thu, Jul. 14, 4:43 PM
    • HBO (TWX +0.9%) again racked up Emmy nominations, outpacing FX (FOX +0.7%, FOXA +0.7%) by 38 nods for the 68th annual Awards.
    • HBO took 94 nominations, and its lead series Game of Thrones logged 23 nominations. FX was paced by The People Vs. O.J. Simpson: American Crime Story, which drew 22 nominations.
    • Meanwhile, Netflix's 54 nominations (up 59% Y/Y) fell just short of FX's 56, and both those networks along with HBO out-nominated the major broadcast networks: NBC (CMCSA +0.3%), ABC (DIS +0.1%), CBS (CBS +0.7%) and Fox were Nos. 4-7 with 41, 35, 35 and 29 nominations respectively.
    • Prime Video (AMZN -0.2%) drew 16 nominations, up from 12 a year ago, but Hulu (DIS, CMCSA, FOX, FOXA) was shut out.
    | Thu, Jul. 14, 4:43 PM | 4 Comments
  • Thu, Jul. 14, 3:38 PM
    • The FCC voted unanimously today to open up four bands of frequencies above 24 GHz for 5G wireless service, setting the stage for exploiting next-generation technologies for mobile transmission.
    • That's nearly 11 GHz of spectrum (3.85 GHz in licensed bands at 28 GHz, 37 GHz and 39 GHz, and 7 GHz in an unlicensed band between 64 GHz and 71 GHz).
    • The agency says companies will be able to exploit the spectrum for "fiber-fast" capabilities, up to 100 times faster than current 4G networks.
    • In addition, the agency pledged to push for opening up more millimeter wave bands as quickly as it can, via a Further Notice of Proposed Rulemaking that looks to apply today's rules to another 18 GHz of spectrum (in eight additional high-frequency bands)
    • In related stocks: (T +0.5%); (VZ -0.2%); (TMUS -0.5%); (S +1.9%); (DISH +1%); (CMCSA +0.4%); (STRP +5.7%); (GSAT -1.2%)
    | Thu, Jul. 14, 3:38 PM | 38 Comments
  • Thu, Jul. 14, 1:40 PM
    • FCC Chairman Tom Wheeler says in a blog post that he won't offer up new rules regarding retransmission-rights negotiations between TV programmers and providers.
    • The stance comes alongside an increasing environment for disputes and lengthy blackouts of TV service as pay-TV companies and content creators tussle over the increasing costs of programming.
    • Based on staff review, "it is clear that more rules in this area are not what we need at this point ... So, today I announce that we will not proceed at this time to adopt additional rules governing good faith negotiations for retransmission consent."
    • Wheeler says Congress could yet expand the FCC's scope of authority which could provide for more action. But "What we need is not more rules, but for both sides in retransmission consent negotiations to take seriously their responsibility to consumers."
    • Dish Network (NASDAQ:DISH) and Tribune Media (NYSE:TRCO) are in the middle of an ongoing fight, including a blackout.
    | Thu, Jul. 14, 1:40 PM | 3 Comments
  • Wed, Jul. 13, 7:31 PM
    • House testimony today indicates that an FCC proposal to open the market for TV set-top boxes may be losing its majority.
    • FCC Commissioner Jessica Rosenworcel -- considered a swing vote here -- acknowledged under questioning that the proposal (voted to move forward on party lines in February) was flawed.
    • Asked by Rep. Marsha Blackburn to answer only yes/no, Rosenworcel and GOP commissioners Ajit Pai and Michael O'Rielly said "yes" to the question "Do you agree that the initial FCC set-top proposal is flawed?" Rosenworcel also said "yes" to "Do you agree that if the FCC is to move forward, it should follow a different approach than outlined in the NPRM?"
    • FCC Chairman Tom Wheeler admitted that a "Ditch the Box" counter-proposal from the TV industry, focused on using apps, showed "promise," but said "One page is not a proposal; it is a press release."
    | Wed, Jul. 13, 7:31 PM | 13 Comments
  • Wed, Jul. 13, 6:43 PM
    • Level 3 Communications (NYSE:LVLT) closed today up 3.5% after touching a 52-week high on news that it's looking into strategic alternatives -- which could include a buyer from outside telecom.
    • Comcast (NASDAQ:CMCSA) is speculated to be a possibility among suitors, but so is Google (GOOG, GOOGL), with whom Level 3 signed an interconnection agreement earlier this year.
    • Citigroup analysts Michael Rollins and Neth Wiedemann can't confirm the reports, but they love the stock ("top pick within our coverage group given its growth, financial flexibility, valuation, and strategic optionality") and float another candidate: rival Zayo Group (NYSE:ZAYO).
    • Zayo could itself be an attractive target for a cableco, but "We also would not dismiss the possibility that Level 3 and Zayo could consider a merger scenario to become a larger competitor for the enterprise market against the incumbents AT&T and Verizon Communications."
    | Wed, Jul. 13, 6:43 PM | 22 Comments
  • Tue, Jul. 12, 7:14 PM
    • Fox News (FOX, FOXA) kept up its streak by topping cable prime-time ratings for the fifth straight week.
    • The network averaged 2.4M viewers for the week, ahead of HGTV (NASDAQ:SNI) with 1.6M viewers and USA Network (NASDAQ:CMCSA) with 1.3M.
    • Fox News prevailed on a 24-hour basis as well, ahead of children's-programming stalwarts Nickelodeon (VIA, VIAB), Disney Channel (NYSE:DIS), and Cartoon Network/Adult Swim (NYSE:TWX).
    • The O'Reilly Factor and The Kelly File gave Fox its boost again this week, with broadcasts of those two programs taking up six of the top 10 individual program ratings slots.
    | Tue, Jul. 12, 7:14 PM | 34 Comments
Company Description
Comcast Corp. is a media, entertainment and communications company. The company provides video, high-speed Internet and phone services to residential and business customers in the United States. The company operates its business through five reportable segments: Cable Communications, Cable... More
Sector: Services
Industry: CATV Systems
Country: United States