Behind Comcast's big TV deal: a bleak picture for once mighty cable industry [Los Angeles Times (CA)]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: Los Angeles Times
USA Network had gained traction with its “Blue Skies” programming strategy: sunny and upbeat TV programs infused with a buoyant energy and natural light. The cable channels were NBCUniversal's equivalent of blue skies, routinely delivering three-quarters of the company's profit. In 2012, cable networks threw off a robust $3.3 billion in cash flow. Times have changed. Comcast this week announced its plans to jettison all but one cable channel into a separate, stand-alone publicly traded company that will take shape over the next year. “This is a reminder that the cable television network business is yesterday's news,” analyst Craig Moffett said Wednesday in an interview. “If it feels like Comcast is shedding itself of an albatross — that's because it is.” For now, Comcast's cable channels remain a viable business by generating $7 billion in annual revenue. But you have only to look at the properties the Philadelphia cable giant is keeping to see how the top brass has picked fu
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CMCSA
Earnings
- 10/31/24 - Beat
CMCSA
Sec Filings
- 11/22/24 - Form 144
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- CMCSA's page on the SEC website