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The Latest Breaking News from Comcast Corp

Susan Rovner Out as NBCUniversal Chief Mike Cavanaugh Restructures

Donna Langley, Mark Lazarus, Cesar Conde, Mark Woodbury to head business units

Multichannel News

NBCUniversal CEO Jeff Shell ousted over ‘inappropriate relationship’

Shell and NBCUniversal’s parent company Comcast Corp announced his immediate departure on Sunday

The Independent UK

NBCUniversal CEO Jeff Shell leaves company, citing ‘inappropriate relationship’

In the latest sex scandal to shake Hollywood’s executive ranks, NBCUniversal Chief Executive Jeff Shell is stepping down after three years in the top job due to “an inappropriate relationship,” parent company Comcast Corp. announced Sunday.

Los Angeles Times

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NBCUniversal CEO Jeff Shell ousted over ‘inappropriate relationship’

Shell and NBCUniversal’s parent company Comcast Corp announced his immediate departure on Sunday

The Independent UK

Comcast's Dalila Wilson-Scott talks diversity, inclusion and philanthropy in workplaces of any size

Comcast Corp. has 189,000 employees, and Dalila Wilson-Scott wants to hear from all of them.

The Philadelphia Inquirer

Comcast has a new company president — the first outside the founding Roberts family

Comcast Corp. promoted Mike Cavanagh, a former Wall Street banker, to president of the Philadelphia telecom and entertainment company, the company said Wednesday. He is the first executive to hold the title outside the Roberts family.

The Philadelphia Inquirer

This Most 'Attractive' Media Acquisition Target Worth 'Well Above' MGM's $8.5B Sale To Amazon In A Deal, Analysts Speculate

Needham analyst Laura Martin reiterated a Buy on Paramount Global (NASDAQ:PARA) and a $36 price target. Martin fine-tuned her quarterly estimates to reflect more robust DTC profits in 3Q22 but weaker DTC profits in 4Q22 versus her prior forecast. Despite weak scatter pricing, she believes PARA's linear TV business will operate at breakeven in…

Benzinga

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Emmys Telecast Audience Slumps to All-time Low

This year's US television viewership for the annual star-studded Emmy awards ceremony fell roughly 24% to 5.9 million people compared to 2021, broadcaster NBC said on Tuesday, making it an all-time low according to the industry trade publication "Variety." NBC combined viewership from its Peacock streaming service and its network…

Asharq Al-Awsat

Comcast lost internet customers for the first time. Executives call it a blip, but stock is down sharply

PHILADELPHIA — Brian Roberts at Comcast Corp. sealed a deal with Microsoft Corp. mogul Bill Gates in 1997 for $1 billion to modernize Comcast’s cable network for the internet, leading Comcast to sell high-speed broadband to tens of millions of homes, apartments and businesses over the next 25 years.

The Philadelphia Inquirer

Benzinga's Top Ratings Upgrades, Downgrades For July 29, 2022

Benzinga

Analysis: Why Did 'Minions: The Rise Of Gru' Break Box Office Records While 'Lightyear' Fizzled?

The animated feature “Minions: The Rise of Gru” from Comcast Corp.’s (NASDAQ: CMCSA) Universal Pictures in conjunction with Illumination wrapped up the four-day Independence Day weekend with $125.1 million in U.S.

Benzinga

Netflix Flirts With NBCUniversal, Google To Beat Subscriber Slowdown

Comcast Corp's (NASDAQ: CMCSA) NBCUniversal and Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google emerged as top conten

Benzinga

Netflix Goes Aggressive On Mobile Gaming, Interacts With Roku, Comcast Regarding Ad-Supported Service Tier

Netflix, Inc (NASDAQ:NFLX) released 23 mobile game titles since November and looked to double that number by year-end, the Variety quoted Leanne Loombe, Netflix's head of external games at the Tribeca Film Festival. Netflix's ambitions appear lofty amid layoffs and dipping stock prices prompted by a drop in subscribers that will likely take a harder…

Benzinga

Russia Imposes New Sanctions That Include Netflix, BlackRock, Delta Air Lines Chiefs

Russia retaliated against U.S. sanctions by imposing its own on multiple prominent American CEOs, including BlackRock, Inc (NYSE:BLK), Delta Air Lines, Inc (NYSE:DAL), Netflix, Inc (NASDAQ:NFLX), and Comcast Corp (NASDAQ:CMCSA) Universal Pictures, the Wall Street Journal reports. The sanction included U.S. administration officials and former heads of other large U.S. corporations, and executives at rating firms operated by S&P Global…

Benzinga

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news in one place.

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Benzinga

Formula 1 Streaming License Could Be Major Catalyst For Netflix - Read Why

Netflix, Inc (NASDAQ:NFLX), Walt Disney Company (NYSE:DIS) ESPN, and Comcast Corp's (NASDAQ:CMCSA) NBCUniversal bid for a new streaming license for Formula 1, likely to begin in 2023, the TechCrunch reports. Amazon.com Inc (NASDAQ:AMZN) Amazon Prime was also a part of the bid, the Insider reports. ESPN acknowledged their aggressive pursuit of renewal as Formula 1 weighed other options.…

Benzinga

Universal Debuts Trailer For 'Bros,' First Gay Rom-Com From A Hollywood Studio

Comcast Corp.’s (NASDAQ: CMCSA) Universal Pictures has released a trailer for “Bros,” the first gay romantic comedy that is going into a nationwide theatrical release by a major Hollywood studio.

Benzinga

Analysis: Will Roe V. Wade Bring Viewers Back To MSNBC And CNN?

Among the big three cable news networks, Fox Corp.’s (NASDAQ: FOXA) right-leaning Fox News continues to reign in the ratings, leaving its left-leaning rivals, Comcast Corp.’s (NASDAQ: CMCSA

Benzinga

Mattel Inks Licensing Agreement For DreamWorks Animation's Trolls Franchise

Mattel Inc (NASDAQ:MAT) has entered into a multi-year global licensing agreement with Universal Brand Development for DreamWorks Animation's Trolls, an animated franchise. DreamWorks Animation is a division of the Universal Filmed Entertainment Group, within NBCUniversal, a subsidiary of Comcast Corp (NASDAQ:CMCSA). Under the agreement, Mattel will have the licensing rights to develop a full line of toys…

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Benzinga

Apple TV+ Enters Comcast Xfinity Platform: Is iPhone Maker's Streaming Push Turning Into A Shove?

Apple TV+, a streaming application from Apple Inc (NASDAQ: AAPL), has made its way onto the Xfinity platform offered by Comcast Corporation (NASDAQ: CMCSA).

Benzinga

Disney Explores Cheaper, Ad Supported Tier Of Disney+ Streaming Service

The Walt Disney Co (NYSE:DIS) is launching a cheaper, ad-supported tier of its Disney+ streaming service in the U.S. in late 2022. It also aims to expand internationally in 2023. Disney would be joining the majority of entertainment companies, including AT&T Inc (NYSE:T) WarnerMedia, Discovery Inc (NASDAQ:DISCA), Comcast Corp's (NASDAQ:CMCSA) NBCUniversal, and Paramount Global (NASDAQ:PARA), which have launched ad-supported tiers…

Benzinga

Here Are All The Companies With Super Bowl LVI Commercials

Super Bowl LVI aired Sunday on NBC, a unit of Comcast Corp (NASDAQ: CMCSA). The Los Angeles Rams were the winners of the game and ended the NFL season as champions.

Benzinga

Here's What Happening Between Comcast's NBCUniversal And Hulu

Comcast Corp's (NASDAQ:CMCSA) NBCUniversal is nearing a plan that could drastically change its partnership with The Walt Disney Co's (NYSE:DIS) Hulu, the Wall Street Journal reports. NBCUniversal could end up shifting high-profile programming to its Peacock streaming platform under the plan. Comcast, which owns a third of Hulu, launched Peacock less than two years ago,…

Benzinga

Comcast-ViacomCBS Streaming Wins Regulatory Approval

Comcast Corp (NASDAQ: CMCSA) and ViacomCBS Inc (NASDAQ: VIAC)

Benzinga

Comcast Tops Q4 Consensus; Hikes Share Buyback To $10B; Raises Dividend By 8%

Comcast Corp (NASDAQ:CMCSA) reported fourth-quarter FY21 revenue growth of 9.5% year-on-year to $30.34 billion, beating the consensus of $29.74 billion. Segments: Revenue for Cable Communications rose 4.5% Y/Y to $16.4 billion, driven by increases in broadband, wireless, business services partially offset by decreases in advertising, video, and voice revenue. Customer Relationships increased by 169,000…

Benzinga

Comcast Shares Gain On RBC Capital Rating Upgrade

RBC Capital analyst Steven Cahall upgraded the rating on Comcast Corp (NASDAQ:CMCSA) to Outperform, from Sector Perform, with a $60 price target, suggesting an upside of 18%. Cahall stated that the recent 19% sell-off since early August is overdone. "While we acknowledge that telco fiber and fixed wireless will pressure Comcast's fundamentals, our analysis…

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