Comcast's Bold Move to Slim Down NBCUniversal Sets It Up for a Streaming-Focused Future | Analysis [Yahoo! Finance]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: Yahoo! Finance
and drive a cash-flow business for as long as cable can hang on. This move is designed to jettison the assets that are dragging down share value and structure the spinoff to take advantage of opportunities in the shifting media landscape. (Source: Statement by Brian Roberts) The spinoff, SpinCo, will house MSNBC, CNBC, USA, Oxygen, E!, Syfy, and Golf Channel, as well as digital assets Fandango, Rotten Tomatoes, Golf Now, and Sports Engine. Bravo, the streaming service, and the NBC broadcast network, NBC Sports, Telemundo, NBCU's local stations, and the company's film and television studios will remain with Comcast. (Source: Article) The transaction is expected to be accretive to revenue growth at Comcast and not increase Comcast's debt load. The company does not anticipate any change to its credit profile or ratings as a result of the spinoff. (Source: Insider familiar with the matter) The linear TV business is in decline, with competitors such as Paramount Global and Warner Bro
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News
- NBCUniversal Shakeup Ends a Turf War and Puts Donna Langley in the Driver's Seat [Yahoo! Finance]Yahoo! Finance
- NBC union projects graphics on 30 Rock accusing leadership of stalling on contract [FOX News]FOX News
- Comcast Celebrates 2024 Rise Grant Recipients [Yahoo! Finance]Yahoo! Finance
- Comcast is offloading its cable properties. Other media companies could do the same. [Yahoo! Finance Canada]Yahoo! Finance Canada
- Comcast is offloading its cable properties. Other media companies could do the same. [Yahoo! Finance]Yahoo! Finance
CMCSA
Earnings
- 10/31/24 - Beat
CMCSA
Sec Filings
- 11/7/24 - Form 4
- 11/6/24 - Form 144
- 11/5/24 - Form 4
- CMCSA's page on the SEC website