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Stockreport

Comcast considers spinning off cable networks 'to play some offense' amid industry turmoil [Yahoo! Finance Canada]

Comcast Corporation - Class A (CMCSA)  More Company Research Source: Yahoo! Finance Canada
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Comcast ( CMCSA ) said Thursday that it has started exploring spinning off its cable networks into a separate company. The development comes as the media industry undergoes massive disruption, with more consumers cutting the cord, or dropping their pay-TV packages. "There are a lot of questions to which we don't have answers, so we want to do the work," Comcast president Mike Cavanagh told investors on the company's third quarter earnings call. He added, "I think the idea of playing some offense when you combine the balance sheet strength that we have, the assets we have, and the management team we have, there may be some smart things to do, and we want to study that." Comcast stock ticked more than 2% higher in early trading on the heels of the report, which saw the company beat on both the top and bottom lines. Comcast Corporation (CMCSA) According to Comcast, the possible spin-off would create "a new, well-capitalized company owned by our shareholders." To note, it would [Read more]
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Stockreport

Comcast considers spinning off cable networks 'to play some offense' amid industry turmoil [Yahoo! Finance Canada]

Comcast Corporation - Class A  (CMCSA) 
More Company Research Source: Yahoo! Finance Canada
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Comcast ( CMCSA ) said Thursday that it has started exploring spinning off its cable networks into a separate company. The development comes as the media industry undergoes massive disruption, with more consumers cutting the cord, or dropping their pay-TV packages. "There are a lot of questions to which we don't have answers, so we want to do the work," Comcast president Mike Cavanagh told investors on the company's third quarter earnings call. He added, "I think the idea of playing some offense when you combine the balance sheet strength that we have, the assets we have, and the management team we have, there may be some smart things to do, and we want to study that." Comcast stock ticked more than 2% higher in early trading on the heels of the report, which saw the company beat on both the top and bottom lines. Comcast Corporation (CMCSA) According to Comcast, the possible spin-off would create "a new, well-capitalized company owned by our shareholders." To note, it would [Read more]
IMPACT SNAPSHOT
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CMCSA
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Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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