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Meanwhile, some employees at SpinCo are bummed they might lose perks extended to Comcast employees — including tickets to the Universal theme parks and free broadband and cable TV in Comcast’s ...
Comcast stock was up about 2% in premarket trading, to over $43/share, off its 52-week high of $47.11. In regular trading, Comcast shares closed up 1.6% Wednesday as major market indexes were flat ...
Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News. The split would cleave off some of ...
Comcast stock popped more than 3% premarket before paring gains. Shares closed the trading day up 1.6% to roughly $43. The company said it is looking to complete the spin-off in one year.
QVC: Comcast sold its majority stake to Liberty Media in 2003; Speed Channel: joint venture with Cox Communications and Fox Entertainment Group; Fox acquired Comcast and Cox's stakes in 2001; Time Warner Entertainment (26%, with Time Warner Inc.): Comcast sold its 26% stake to Time Warner Inc. (now Warner Bros. Discovery) in 2003.
Comcast just jump-started a new season of major change across the television industry And no one quite knows what will happen next. Comcast’s cable networks spinoff raises questions about ...
Comcast's $45.2 billion offer effectively won Comcast the bidding war, though Charter continued to challenge the acquisition by forecasting difficulties with the regulatory review process. [4] By April 27, however, Charter had backed off its opposition to the deal after reaching a deal to acquire a portion of Time Warner Cable's subscribers as ...
Brian L. Roberts. Comcast is described as a family business. [19] Brian L. Roberts, its chairman and CEO, is the son of founder Ralph J. Roberts (1920–2015). Roberts owns or controls about 1% of all Comcast shares but all of the Class B supervoting shares, giving him an "undilutable 33% voting power over the company". [20]