Seeking Alpha

Comcast Corporation (CMCSA)

  • Mar. 20, 2014, 7:43 AM
    • The merger between Comcast (CMCSA) and Time Warner Cable (TWC) faces a powerful headwind in the state of New York where moves are being proposed to strengthen the power of the Public Service Commission.
    • New state rules backed by Governor Andrew Cuomo would give the PSC more oversight and pressure Comcast to prove its acquisition won't hurt consumers.
    | Mar. 20, 2014, 7:43 AM | Comment!
  • Mar. 12, 2014, 9:34 AM
    • The Chinese government is considering giving tax breaks to real estate firms which put movie theaters in shopping centers, according to The Hollywood Reporter.
    • There are close to 40 Chinese exhibitors that could benefit from the initiative - including AMC Entertainment (AMC) owner Wanda. Lower development costs could also benefit IMAX (IMAX) which is in growth mode in China.
    • What to watch: A booming Chinese movie industry will please Hollywood movie studios (TWX, FOXA, SNE, CMCSA, LGF, VIAB) which have been increasingly gearing their strategy around China's box office.
    | Mar. 12, 2014, 9:34 AM | Comment!
  • Mar. 10, 2014, 5:51 PM
    • Sean "Diddy" Combs is offering ~$200M for the Fuse music network owned by Madison Square Garden (MSG), according to a Bloomberg report.
    • Sources say Combs would convert Fuse into Revolt TV, the music-focused channel the hip-hop mogul launched in October.
    • Fuse is available in ~74M homes through pay-TV systems including DirecTV (DTV), Dish Network (DISH) and Cablevision (CVC), while Revolt TV currently reaches ~22.8M homes and is carried by Comcast (CMCSA) and Time Warner Cable (TWC).
    | Mar. 10, 2014, 5:51 PM | 1 Comment
  • Mar. 10, 2014, 9:31 AM
    • Comcast (CMCSA) can air the first season of House of Cards to its customers through the terms of a new distribution deal. No Netflix subscription will be required.
    • A division of Sony (SNE) handles the global and homevideo distribution of the property, but the arrangement will add to Netflix's coffers and help build out the audience for future seasons.
    | Mar. 10, 2014, 9:31 AM | 1 Comment
  • Mar. 7, 2014, 7:16 AM
    • NBCUniversal (CMCSA) plans to bundle its cable channels together in presentations at this year's upfront meetings.
    • The company thinks it can earn more ad revenue by combining ad buys for properties such as Bravo, E!, Esquire Network, Oxygen, Syfy, and USA Network.
    | Mar. 7, 2014, 7:16 AM | Comment!
  • Mar. 6, 2014, 9:07 AM
    • Comcast (CMCSA) finished its deal to acquire FreeWheel with a flurry of paperwork yesterday, according to Re/code.
    • Sources indicate the deal price could approach $375M inclusive of employee retention bonuses.
    • FreeWheel is expected to be run as a standalone under the Comcast umbrella.
    | Mar. 6, 2014, 9:07 AM | Comment!
  • Mar. 5, 2014, 12:46 PM
    • Comcast (CMCSA +1.5%) says it will extend broadband access to poorer regions that it offers under its Internet Essentials program for an indefinite period.
    • The company offers broadband services for as low as $9.95 to qualifying families.
    • The development comes with Comcast trying to convince federal regulators to approve its deal to buy Time Warner Cable amid criticism it would raise rates for digital services.
    | Mar. 5, 2014, 12:46 PM | 2 Comments
  • Mar. 4, 2014, 10:20 AM
    • The DOJ has come in on the side of broadcasters (DIS, CMCSA, CBS, FOXA) in the fight between the media giants and Aereo over its streaming broadcast service
    • The case is now in front of the Supreme Court with both sides working on written briefs.
    • In its filing, attorneys from the DOJ argue more than hint that the Supreme Court should offer a narrow view on the Aereo issue without spilling over to other issues on new ways to record shows.
    • The concern is that the Aereo case ruling by SCOTUS will be used to limit innovative cloud-based media services or online TV ventures.
    | Mar. 4, 2014, 10:20 AM | 2 Comments
  • Mar. 3, 2014, 11:02 AM
    • Execs with Comcast (CMCSA -1.2%) area leaning heavily on the company's previous compliance with its deal to purchase NBCUniversal as they talk to regulators about the merger with Time Warner Cable (TWC -0.9%).
    • In a blog post, Comcast highlighted in great detail how it exceeded targets set as a condition of the NBCUniversal purchase.
    | Mar. 3, 2014, 11:02 AM | Comment!
  • Mar. 3, 2014, 7:04 AM
    • Comcast (CMCSA) plans to acquire ad serving platform FreeWheel for $320M, according to TechCrunch.
    • Sources indicate the deal price is in the neighborhood of $320M.
    • FreeWheel currently has ESPN, Fox, NBC Universal, and Amazon as clients.
    | Mar. 3, 2014, 7:04 AM | Comment!
  • Feb. 28, 2014, 4:43 PM
    • Comcast (CMCSA) reportedly is considering options for how to divest ~3M cable subscribers as part of a takeover of Time Warner Cable (TWC), including spinning them off in a new publicly-traded company.
    • Regulators may push for the spin-out option because it would create a new competitor; such a new company would be the fourth-largest U.S. cable company by subscribers, trailing the merged CMCSA-TWC, Cox Communications and Charter Communications (CHTR).
    • Comcast also may have received interest from several companies that want to buy the cable assets; Charter is interested, Liberty Media (LMCA) CEO Greg Maffei said today on a conference call, and Bright House Networks and Suddenlink are said to have expressed interest.
    • Comcast hasn’t picked which cities would be divested or spun out, and sources say it won’t make a decision for at least three months as regulators examine the TWC deal.
    | Feb. 28, 2014, 4:43 PM | 1 Comment
  • Feb. 25, 2014, 7:24 AM
    • The Senate Judiciary Committee will hold a hearing on March 26 to probe the proposed merger between Comcast (CMCSA) and Tim Warner Cable (TWC).
    • What to watch: The committee doesn't have any direct oversight on the merger, but will delve into issues of unfair practices in the pay-TV and broadband industry. Net neutrality and cable bundling could also be discussed at length.
    | Feb. 25, 2014, 7:24 AM | 3 Comments
  • Feb. 24, 2014, 4:02 PM
    • The opening brief to the Supreme Court from a group of broadcasters (DIS, CMCSA, CBS, FOXA) challenging Aereo makes the claim that the startup's rebroadcast concept violates the Copyright Act.
    • The filing says if Aereo is allowed to proceed that the whole pay-TV system could crumble as other cable and satellite companies create their own methods of broadcasting content without paying for it.
    • Oral arguments will commence in front of the court on April 22.
    | Feb. 24, 2014, 4:02 PM | 15 Comments
  • Feb. 24, 2014, 7:18 AM
    • Janney Capital warns that it is hard to label a winner or a loser in the new Netflix (NFLX) - Comcast (CMCSA) deal with details on the arrangement on the light side.
    • The financial terms weren't disclosed and it isn't known if the deal includes any clarity on Netflix set top box integration or bundled billing.
    • Shares of Netflix (NFLX) are down 1.7% in early action, while Comcast is up 1.5%.
    | Feb. 24, 2014, 7:18 AM | 10 Comments
  • Feb. 23, 2014, 8:53 PM
    • In what could be a landmark pact for its dealings with other broadband providers, Netflix (NFLX) agrees to pay Comcast (CMCSA) to ensure its shows stream smoothly to the cable operators' customers.
    • The debate: Who should bear the cost of upgrading Internet networks to carry the growing volume of online video - broadband providers (like Comcast) or content companies (like Netflix). While some big content names have begun paying the providers for faster and smoother access, Netflix - until now - has been a holdout, and today's agreement likely paves the way for similar deals with major broadband companies like Verizon (VZ), AT&T (T), and Time Warner (TWC).
    • The agreement, of course, comes just days after Comcast agreed to buy TIme Warner in a deal which would make it by far the largest provider of broadband in the U.S., and it removes one potential regulatory issue hanging over the acquisition.
    • Press release
    • From Friday: Signs point to a Netflix/Comcast deal
    | Feb. 23, 2014, 8:53 PM | 34 Comments
  • Feb. 23, 2014, 4:25 AM
    • Discovery Communications (DISCA) is in discussions with BSkyB (BSYBF) about a joint bid for the U.K.'s Channel 5, the FT reports.
    • Channel 5 is being sold by British media businessman Richard Desmond, who bought the company for £104M in 2010 but hopes to receive £700M. Bids are due in on Thursday.
    • BT (BT) and Comcast's (CMCSA) NBCUniversal are also considering making an offer.
    | Feb. 23, 2014, 4:25 AM | Comment!
Company Description
Comcast Corp is a media and technology company. The Company's business segments are: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks.
Sector: Services
Industry: CATV Systems
Country: United States