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The Latest Breaking News from Comcast

Disney buys Comcast's stake in streaming service Hulu—but the $8.6 billion price tag is just the beginning and could end up being much more

The final bill for the 33% stake in Hulu, Disney's only profitable streaming service, depends on a thorough appraisal of its growth since the May 2019 deal was signed.

Fortune

Disney to acquire the remainder of Hulu from Comcast for roughly $8.6 billion

Walt Disney Co. said it will acquire a 33% stake in Hulu from Comcast for approximately $8.6 billion, a deal that will give Disney full control of the streaming service

The Independent UK

It's Official, Disney's Buying All Of Hulu, And I Wonder What The News Means For My Favorite Streaming Service

The Walt Disney Company is spending billions on the popular streaming service following new deal with NBCUniversal.

Cinemablend

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Disney Set To Buy Comcast’s Hulu Stake for ‘Floor Price’ of $8.61 Billion

Price may rise as value of streaming service is assessed

Multichannel News

Cox’s Dosty Hedges Takes Home the Gold in SCTE Cable-Tec Games

28 cable-system techs showcased their skills in yearly competition held at Cable-Tec Expo

Multichannel News

Is Now the Time to Jump in and Buy Media Stocks?

Now that the Hollywood strike is over, we examine 3 stocks that could soar.

Barchart

Trump vows revenge on NBC

The former president took aim at the "LameStream Media" over perceived corruption and negative coverage

Salon

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‘Full fascist’ Trump condemned after ‘treason’ rant against NBC and MSNBC

Former president vows to investigate TV networks for ‘country-threatening treason’ should he win US election next year

The Guardian - US

Trump vows to investigate NBC parent company for ‘treason’

‘The Fake News Media should pay a big price for what they have done to our once great Country!’ Trump says

The Independent UK

Comcast Supports Digital Equity In Chicago With $250,000 Donation To Public Library

Comcast donates $250,000 to Chicago Public Library Foundation for digital navigators at 26 branches

Zenger

Disney's $60 billion parks spending plan signals it can afford Hulu

The gonzo 10-year investment comes with a message: the Mouse House has enough financial firepower to afford Hulu.

Fortune

Byron Allen, one of America's most prominent Black businessmen, just reportedly bid $10 billion for broadcasting giant ABC in a bold move that would cap a stunning M&A record

Byron Allen was once the youngest stand-up in the history of Johnny Carson's "Tonight Show." Now he's a mogul in the mix with Bob Iger's Disney TV sale.

Fortune

The second-largest streaming service in the U.S. could change hands as Comcast moves up deadline for $27.5 billion option to sell Hulu. ‘That’s a scarce kingmaker asset’

Comcast and Disney agreed to speed up the timeline for the streaming service they jointly own.

Fortune

Comcast's 'Storm-Ready WiFi' Router Features Backup Power, Transitions to LTE Cellular When Weather Events Go South

Comcast is introducing the $7-a-month gadget right in front of hurricane season

Broadcasting & Cable

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Broadcasting & Cable

Verizon and T-Mobile FWA Now Control Over 5% of the U.S. Broadband Market (Chart)

The latest Leichtman Research Group quarterly tally shows fixed wireless access once again dominating residential broadband growth

Multichannel News

Tracy Pitcher Named Senior VP at Comcast Business, Central Division

Exec joined cable operator in 2011

TechRadar

Even Mario and Twisted Metal can't help Peacock compete with Netflix

Despite its increasingly great movie and TV show line-up, Peacock just can't compete with its streaming rivals.

TV Tech

Xumo to Become Charter’s “Video Platform of Choice”

Charter CEO said the Xumo JV with Comcast will be “our go-to-market platform for new video sales.”

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Multichannel News

Charter to Make Its Comcast JV Xumo Its ‘Go To’ Video Platform

CEO Chris Winfrey said Charter will migrate its video efforts to the Xumo TVOS

Multichannel News

Charter Second-Quarter Net Falls as 189,000 Subscribers Cut the Cord

Advertising revenue drops 16.5%

Multichannel News

T-Mobile Adds 509K FWA Customers in Q2, Closes in on 4 Million

T-Mobile and Verizon how have 6.3 million fixed wireless access customers between them

Broadcasting & Cable

Charter Set to Surpass Comcast as the Biggest Remaining Linear Pay TV Supplier in America

Comcast loses another 543,000 Xfinity video customers in Q2 as its cord-cutting rate accelerates to nearly 13%

TV Tech

Peacock Subs Nearly Double YoY to 24M

But pay TV continued to crater as Comcast lost 543K pay TV video subs in Q2 2023

Multichannel News

Comcast’s Mike Cavanagh Calls Taking a Stake in ESPN ‘Improbable’

NBCUniversal parent will take a look at NBA rights

Multichannel News

Comcast Earnings Jump Despite Peacock Losses, Cord-Cutting

Media business profits fall 18.2%

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