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Comcast Corporation (CMCSA)

  • Wed, Aug. 12, 4:12 PM
    | Wed, Aug. 12, 4:12 PM | Comment!
  • Wed, Aug. 12, 11:07 AM
    • Masayoshi Son's double-down on the future of Sprint (S -6.4%) came after he and another top executive at SoftBank (OTCPK:SFTBY), Nikesh Arora, floated the idea of selling the company to Comcast (NASDAQ:CMCSA) and to France's Altice (OTCPK:ATCEY) -- but getting no uptake, according to The Wall Street Journal.
    • "I should go back to where I was focused," he says -- the Internet side of SoftBank -- though a long slog is ahead yet, if he's to turn around a company that hasn't turned an annual profit since 2006.
    • Son was banking on a merger with T-Mobile (NYSE:TMUS) and calls his misjudgment of U.S. regulators "one of the biggest mistakes in my life." Now, the focus is on improving the carrier's network as hopes for restarting a merger push with T-Mobile are on hold until after the 2016 presidential election.
    • Son appeared on Sprint's earnings call last week to reiterate excitement about the company's future under Marcelo Claure, who Son calls "my soul mate ... a street fighter sharing the underdog experience like myself."
    • But fixing Sprint is turning out to be staggeringly expensive. Sprint doesn't have the money for a once-and-for-all fix, Son concedes, and SoftBank's covenants with banks prevent sinking more cash in.
    • Ominously, SoftBank has recently invested $1B in a handful of South and Southeast Asian start-ups, and plans to invest more than $10B in India alone.
    | Wed, Aug. 12, 11:07 AM | 38 Comments
  • Mon, Aug. 10, 5:47 PM
    • Effective with its September rebalance, S&P is going to allow some multiple share class lines to be listed separately in its indices, rather than consolidated lines -- meaning that both classes of Comcast (CMCSA, CMCSK) and Twenty-First Century Fox (FOX, FOXA) will be included in the S&P 500 after the close Sept. 18.
    • All multiple-class companies that have listed share class lines will be adjusted for share and float per each line. Multiple share class companies that have an unlisted class line will be adjusted as well.
    • There are four companies in the S&P 100 with two or more publicly listed lines: Google is already represented by its two lines. Comcast and Fox will have their additional lines added. Berkshire Hathaway (BRK.A, BRK.B) will be an exception due to liquidity concerns, and share count will be consolidated under the B line.
    • With the S&P 500, Discovery Communications (DISCA, DISCK) is also already represented by two lines in the index. News Corp. (NWS, NWSA) will have both its share lines listed. The end result is 500 companies in the index, and 505 trading lines.
    | Mon, Aug. 10, 5:47 PM | Comment!
  • Mon, Aug. 10, 3:36 PM
    • NBC Sports Group (CMCSA +1.3%) has inked a six-year extension on its exclusive rights to carry English Premier League soccer.
    • ESPN reportedly didn't bid on the rights. NBC had signed a three-year deal ahead of the 2013 season for about $250M, which expires after this year.
    • Facing other bidders, a "nervous, anxious" NBC worked through the weekend to secure the deal after bidding on Thursday.
    • The deal will be for a higher price than the current one. Comparing markups: The Premier League recently sold U.K. rights for $7.8B for three seasons, up from $4.7B for the 2013-2016 period.
    • Viewership of the league for NBC was up 9% Y/Y last season.
    | Mon, Aug. 10, 3:36 PM | 1 Comment
  • Mon, Aug. 10, 2:26 PM
    • Fox's expensive reboot of Fantastic Four might face a write-off after stumbling from the box-office gate this weekend amid bad word-of-mouth and critical reviews.
    • Fox (FOX -1.4%, FOXA -0.1%) inherited the Marvel property and had hopes for a hero franchise that could rival X-Men, though the film will need a huge overseas reception to realize those dreams.
    • The $26.2M it earned was below expectations of $40M, ensuring it finished second behind Paramount's Mission: Impossible -- Rogue Nation (VIA +2.2%, VIAB +2.5%), topping the box office with $29.4M ($108.7M in its two weeks).
    • Among longer-term August players, Ant-Man (DIS +1%) earned $7.8M to bring its domestic total to $147.4M in four weeks, and Minions (CMCSA +1.3%) drew $7.4M to total $302.8M in five weeks.
    | Mon, Aug. 10, 2:26 PM | 33 Comments
  • Thu, Aug. 6, 1:01 PM
    • Disney (NYSE:DIS) is down another 5.2% today (down 13.7% in two days) amid a deepening media stock sell-off that it seems to have spurred with its Tuesday earnings report, where it took a fair chunk of time on an analyst call acknowledging subscriber losses at ESPN.
    • Also off broadly at midday: CBS -3.1%; CMCSA -4%; FOXA -9.8%; VIAB -15.6%; TWX -5%; AMCX -9.6%; LGF -6.7%.
    • The sell-off is affecting several companies with a cable or pay-TV component, as sub losses at ESPN -- the most valuable part of any cable bundle -- point to the effect of cord-cutting.
    • Analysts are agreeing that the trend of unbundling (or skinny bundling) might threaten the long-term health of the pay TV ecosystem, which has profited from the promise of rising subscription fees from providers. That's dependent on subscriber counts that don't significantly drop off.
    • A growing pile of reports this week is indicating warning signs for subscriber counts. Dish Network (DISH -2.2%) had "almost certainly the worst quarter" for satellite subscriber losses, analyst Craig Moffett noted, as it merged Sling TV subscriber growth into its overall count, masking the core number. Moffett estimates Dish lost 151K satellite TV customers in Q2.
    • Subscriber losses mean lower affiliate fees. Disney said in its call "we now expect domestic cable affiliate revenue [growth] to fall short of previous expectation, but still in high single digits."
    • Other industry decliners: CRWN -8.9%; QVCA -5.4%; STRZA -6.1%
    • Previously: Disney tumbles 8.9% after revenue miss; Iger talks ESPN again (Aug. 05 2015)
    • Previously: Disney's Iger bullish on ESPN despite consumer changes, unbundling (Aug. 04 2015)
    | Thu, Aug. 6, 1:01 PM | 28 Comments
  • Tue, Aug. 4, 12:19 PM
    • Criticized for slow performance on its low-cost Internet-service rollout, Comcast (CMCSA -0.4%) is making moves to upgrade its Internet Essentials program, increasing speeds and expanding eligibility.
    • Comcast created the program in 2011 as part of a condition it agreed to for approval of its buyout of NBCUniversal. It had offered 5 Mbps service for $10/month to families of children who qualified for discounted school lunches.
    • Comcast is doubling the speed of the service, to 10 Mbps, and is testing a program for low-income seniors to expand its reach.
    | Tue, Aug. 4, 12:19 PM | Comment!
  • Mon, Aug. 3, 1:19 PM
    • One big film question coming into August was whether Tom Cruise was too old to still carry an action movie; Mission: Impossible -- Rogue Nation (VIA, VIAB) answered its own way, dominating the box office with $56M domestically, including $20.3M on Friday, a first-day high for the franchise.
    • That's well ahead of $40M projections and even further ahead of another debut, the remade Vacation (NYSE:TWX), which drew $14.9M, good for second place.
    • They were followed by a series of films doing repeat business: Ant-Man (NYSE:DIS), third with $12.6M ($132.2M in three weeks); Minions (NASDAQ:CMCSA), fourth with $12.2M ($287.4M in four weeks); and Pixels (NYSE:SNE) in fifth with $10.4M ($45.6M in its two weeks).
    • Worldwide, the new M:I has hit $121M -- adding $65M internationally to its $56M domestic. The film's outperformed the franchise's previous entry, Mission: Impossible -- Ghost Protocol by 49% in the same markets.
    • Rogue Nation is set to open in China on Sept. 8; it was the biggest international market for Ghost Protocol, with $101M in receipts.
    | Mon, Aug. 3, 1:19 PM | Comment!
  • Fri, Jul. 31, 1:21 PM
    • NBC (CMCSA +0.9%) isn't showing ads for Sling TV (DISH -0.4%) in some markets, even though the other Big Four networks are doing so, Dish Network says.
    • Earlier this month, Sling TV unveiled its first nationwide campaign, comparing old-line TV providers to childhood bullies.
    • NBC confirmed its locally owned stations in New York, San Diego, San Francisco and Washington, D.C., are declining to run the ads.
    • "Maybe these commercials hit a little too close to home for them when we call out tactics like price hikes, equipment fees and just all around terrible customer service," says Sling TV CEO Roger Lynch.
    • In April, Verizon said that Walt Disney was refusing to carry ads in some markets for its new "skinny" bundles, saying the new channel lineups violated carriage agreements.
    | Fri, Jul. 31, 1:21 PM | 2 Comments
  • Thu, Jul. 30, 6:22 PM
    • As part of an opinion purge as it refocuses on news, MSNBC (NASDAQ:CMCSA) has canceled three hours of afternoon programming with plans to replace it with a hard-news block.
    • The Cycle, Now with Alex Wagner and The Ed Show have been canceled, and most participants not returning to the network (Alex Wagner and The Cycle's Ari Melber excepted).
    • Meet the Press host Chuck Todd will begin a new program in the 5 p.m. hour, and Brian Williams is set to join the network in coming weeks as its breaking-news anchor as his suspension ends.
    • Low ratings at the network were one problem that NBC News chief Andrew Lack faced when he returned to NBCUniversal in March. MSNBC's daytime schedule this month drew fewer viewers in the key adults 25-54 demographic than Fox News, CNN and HLN.
    • Previously: NBC confirms Lester Holt as lead evening anchor; Williams apologizes (Jun. 18 2015)
    • Previously: CNN: Williams to stay at NBC, but not as lead anchor (Jun. 17 2015)
    • Previously: Lack officially returning to reassume control of NBC news (Mar. 06 2015)
    | Thu, Jul. 30, 6:22 PM | 8 Comments
  • Thu, Jul. 30, 11:23 AM
    | Thu, Jul. 30, 11:23 AM | 1 Comment
  • Mon, Jul. 27, 8:03 PM
    • Media companies continue to choose sides in a battle for daily fantasy sports dollars, with the latest move being a $300M funding round for DraftKings led by Fox Networks Group (FOX, FOXA).
    • Fox Networks is expected to have put in $150M for 11% of DraftKings, which would value the startup post-money at more than $1.2B.
    • DraftKings' key competitor, FanDuel, drew $275M in a round earlier this month (post-money valuation of almost $1.3B), with heavy backing from funds connected to Turner Sports and Time Warner (NYSE:TWX) as well as Google Capital. Comcast (NASDAQ:CMCSA) was already a backer, through NBC Sports.
    • Fox's new investment in DraftKings has a heavy advertising element, similar to DraftKings' deal with ESPN: It will spend $250M in advertising across Fox Properties.
    • The two companies -- whose games changed fantasy sports with a daily, for-cash aspets -- are runaway leaders in an industry expected to produce $2.5B in just U.S. revenue each year by 2020. DraftKings generated $30M in revenue last year; FanDuel, which had a two-year head start, pulled $57M in sales last year.
    | Mon, Jul. 27, 8:03 PM | 3 Comments
  • Mon, Jul. 27, 1:24 PM
    • Adam Sandler's Pixels opened to a slack $24M at the domestic box office, allowing Marvel's Ant-Man (DIS -0.5%) to crawl away with the crown for another week.
    • Ant-Man drew $24.8M to bring its two-week haul to $106M. Critically slammed Pixels, for its part, barely outdrew Minions (CMCSA -1.4%), which pulled $22.1M in its third week to finish No. 3.
    • Pixels' merely-OK showing is a setback for Sony Pictures (SNE -2.1%), sitting around eighth place among major distributors this year and looking for its first $100M film since The Equalizer.
    • Trainwreck (NASDAQ:CMCSA) made $17.3M to bring its two-week total to $61.5M. Among the weekend's other key debuts, boxing film Southpaw (Weinstein Group) beat Paper Towns (FOX -1%, FOXA -0.9%), $16.5M to $12.5M, despite playing in fewer theaters. The two films were No. 5 and No. 6 in domestic receipts respectively.
    • Previously: Sony hoping for breakout with videogame film 'Pixels' (Jul. 24 2015)
    | Mon, Jul. 27, 1:24 PM | 3 Comments
  • Mon, Jul. 27, 9:52 AM
    • Discovery Communications (NASDAQ:DISCA) and Comcast (NASDAQ:CMCSA) have renewed their carriage agreement -- a move that wasn't without bumps as Discovery opposed the cable giant's Time Warner Cable takeover earlier this year.
    • The companies say they've signed a "long-term, comprehensive" renewal, including TV Everywhere rights.
    • Both stocks are trading down with the broader U.S. market: CMCSA -1.9%; DISCA -0.6%.
    | Mon, Jul. 27, 9:52 AM | Comment!
  • Fri, Jul. 24, 10:02 PM
    • The weekend box office battle should come down to old-school videogames vs. Marvel heroes, as various projections see Adam Sandler alien-invasion comedy Pixels (NYSE:SNE) drawing $25M-$30M and Marvel's Ant-Man (NYSE:DIS) in the mid-20s.
    • Ripped by critics, Pixels is Sony's next hope to be its second $100M-grosser this year, since The Equalizer closed in January just over $100M domestically.
    • The third spot should come down to teenage romance Paper Towns (FOX, FOXA), estimated in the high teens to low twenties, or Minions (NASDAQ:CMCSA), still powering along after amassing $239M in two weeks for Universal, which also has Trainwreck looking to keep strong legs after its solid $30.2M opening.
    | Fri, Jul. 24, 10:02 PM | 12 Comments
  • Fri, Jul. 24, 4:16 AM
    • Seeking access to younger audiences, Comcast's (NASDAQ:CMCSA) NBCUniversal is scouting out several new media companies for potential deals, WSJ reports.
    • Comcast has engaged in preliminary discussions with several online publishers including Vice Media, BuzzFeed and Business Insider, and has discussed increasing its roughly 14% stake in Vox Media.
    • The talks are all at an early stage and it isn’t clear if any of the deals might come to fruition.
    | Fri, Jul. 24, 4:16 AM | Comment!
CMCSA vs. ETF Alternatives
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