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Comcast Corporation

5/24/2013, 2:46 PM ET

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Wednesday, February 20, 11:28 AM Cutting-edge Oscilloscope says it will be the first film distribution company to release a feature movie through mobile service Vine in a process which will chop its release up into a series of short looping videos. Though certainly not yet a medium which threatens the Hollywood studio model (TWX, DIS, LGF, VIAB, CMCSA, SNE), the development brings up some interesting revenue and promotional opportunities if the big players can harness the Internet interaction of their movies outside of the obligatory YouTube channel. Comment! [Consumer]
Wednesday, February 13, 9:10 AM Premarket gainers: RCON +56%. PPHM +17%. EZCH +11%. WFR +9%. CMCSA +8%. GRPN +8%. VG +5%.
Losers: RATE -18%. CLF -14%. RAX -12%. AVEO -11%. AMX -6%. DF -6%. NICE -5%. Comment! [On the Move]
Wednesday, February 13, 7:02 AM Analyst reaction to Comcast's (CMCSA) deal to buy the remaining stake of NBCU is resoundingly positive. Nomura notes the acquisition will give NBC access to cable cash flow for investing purposes, while Evercore Partners thinks the deal price was attractive. Price target increases and EPS estimate increases are also filtering in on Comcast from up and down the Street. CMCSA +7.8% premarket. Comment! [Consumer, On the Move]
Tuesday, February 12, 6:59 PM Comcast's (CMCSA) $16.7B acquisition, plus its $1.4B purchase of 30 Rockefeller Plaza, plus $2B in share buybacks, plus a 20% dividend hike which could cost ~$320M/year, is more than enough to burn through $7.9B in free-cash flow it earned for 2012. But CEO Brian Roberts says its balance sheet means the deal isn’t a “big risk." Shareholders don't seem worried; shares +6.5% AH. Comment! [Consumer, On the Move]
Tuesday, February 12, 5:41 PM After-hours top gainers, as of 5:15 p.m.: RPXC +17%. TRLA +8%. CMCSA +7%. CMCSK +6%. NOG +5%.
After-hours top losers: RATE -20%. RAX -8%. NAII -8%. CLF -8%. NTGR -7%. Comment! [On the Move]
Tuesday, February 12, 5:19 PM Comcast Corporation (CMCSA): declares $0.195/share quarterly dividend, 20% increase from prior dividend of $0.1625. Forward yield 2.00%. For shareholders of record Apr. 03. Payable Apr. 24. Ex-div date Apr. 01. The board plans to repurchase shares of $2.0B during FY13. Shares +7% AH. (PR) Comment! [Dividends, On the Move]
Tuesday, February 12, 5:07 PM GE +3.4% AH after selling the remaining 49% stake it holds in NBC Universal to Comcast (CMCSA) for $16.7B; it's also selling related real estate for $1.4B. Expects the pre-tax gain from the sale of ~$1B to be offset by restructuring in 2013. Raised its authorized stock buyback to $35B and plans to buy back $10B worth of shares in 2013. (also) 6 Comments [Consumer, On the Move]
Tuesday, February 12, 4:46 PM Comcast (CMCSA): Q4 EPS of $0.56 beats by $0.03. Revenue of $15.94B (+6% Y/Y) misses by $20M. Raises dividend by 20%. Plans to buy back $2B in stock in 2013. Acquires GE's 49% interest in NBCU for ~$16.7B. Shares +8.7% AH. (PR) 3 Comments [Earnings, Consumer, Breaking News, On the Move]
Tuesday, February 12, 4:38 PM Comcast (CMCSA) will pay $16.7B for GE's 49% stake in NBC Universal, AP reports. 4 Comments [Breaking News, M&A]
Tuesday, February 12, 1:35 PM Oppenheimer analyst Tim Horan tips Comcast (CMCSA +0.4%) to see a pickup in basic video subscribers in Q4. If the predictions pans out, it would mark the first time since Q1 of 2007 the cable company has shown a positive net add for basic cable customers. Comcast reports earnings tomorrow morning. (earnings preview) Comment! [Consumer]
Tuesday, February 12, 10:40 AM A new distribution deal between News Corp (NWS, NWSA) and Comcast (CMCSA -0.1%) will see Fox's programming make its way to computers, smartphones, and tablets on top of traditional cable outlets. Customers of Comcast's Xfinity service will be able to watch Fox shows the day after they originally air on their devices. Comment! [Consumer]
Tuesday, February 12, 10:06 AM Comcast's (CMCSA) NBC network is seeing 2013 start with a thud as the fall rating leaders sinks to last place without Sunday Night Football and The Voice to prop it up. Media analyst say all the 2013 NBC numbers are heading in the wrong direction, including the average age of viewers. Comment! [Consumer]
Monday, February 11, 1:35 PM Cable operators report that the winter storm in New England over the weekend created some service outages and minor damage to equipment and networks, but that most issues have already been resolved. Though the sector felt the wrath of consumers after Hurricane Sandy when isolated stories made the rounds of firms shaking down customers for damaged equipment fees, analysts are quick to note the sound and the fury following such outages rarely translates into lost revenue. 1 Comment [Consumer]
Wednesday, February 6, 2:01 PM Under the radar: Google's lightning-fast fiber service in Kansas City might be putting pressure on cable operators to cut broadband pricing, according to reports. Customers in the region are seeing unexplained price breaks timed just as Google Fiber went live. Though its only one mid-size market, and Google's plans for a larger rollout are far from clear, the issue is giving cable companies something to think about. 6 Comments [Consumer]
Monday, February 4, 3:19 AM KKR (KKR) and Permira Advisers are reportedly considering their options for their 53% stake in ProSiebenSat.1 Media - which has a market cap of €5.43B - including selling their shares to another firm or on the market. Although the German broadcaster is having to cope with falling ad revenues, potential suitors could include Time Warner (TWX), Comcast (CMCSA) and News Corp (NWS). 1 Comment [Financials, Consumer, M&A]
Friday, February 1, 2:08 PM Comcast's (CMCSA +0.8%) NBC will make a change at NBC News as longtime exec Steve Capus steps down amid a reshuffling of duties at the network. The peacock network saw its Today show lose some of its dominance over the last year, but maintained profitability and won back control of its news website from Microsoft during the tenure of Capus. Comment! [Consumer]