The rise of digital voices, and Comcast splitting in two, brings doomsday predictions for traditional media [FOX News]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: FOX News
Comcast's cable networks, which include MSNBC and CNBC, make a heckuva lot of money. It doesn't matter. As the Wall Street Journal first reported, the communications giant confirmed yesterday it's spinning off almost all its cable properties, including USA, E!, Oxygen, Syfy and Golf Channel, which generated $7 billion in revenue in the latest 12-month period. Staying with the mother ship are the NBC television network, the Peacock streaming service and Bravo, plus sports, movies and theme parks. Beyond the financial questions – whether the smaller cable units have to seek a larger partner – is an unmistakable implication: that all-news channels have a questionable future. With CNN having done a round of layoffs last year and expected to impose deeper cuts under its new boss, cable staffers, including top anchors, are nervous about their hazy future. Prognosticators have warned for years that cable news is plagued by aging audiences – although Fox's ratings have never been
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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