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The Latest Breaking News from Comcast

US stocks today: US stocks climb as US, Iran halt attacks; Comcast surges on spin-off plan

Wall Street's indices surged on Monday, lifted by a decrease in Middle East tensions and Comcast’s intention to divide into two separate firms. While investors exude cautious optimism amidst ongoing diplomatic developments, regional conflicts still loom large. Anticipation for upcoming earnings reports and uncertainty around AI expenditures contribute to market…

The Economic Times

Comcast to split off NBCUniversal and Sky media arm

NBCUniversal will include the group’s large theme parks operation and its Sky business in Europe.

Evening Standard

Sky to be part of new media giant as owner Comcast splits business

The move will separate the company’s sprawling media empire from its core technology function

The Independent UK

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Comcast to spin off NBCUniversal and Sky into separate media business

Entertainment arm to split from mobile and broadband in move that raises questions over future of Sky News

The Guardian - UK

Comcast to split its cable business from media through NBCUniversal and Sky spinoff

Comcast is set to divide into two separate, publicly traded entities, spinning off its NBCUniversal and Sky media assets. This strategic move will create distinct companies: one focused on broadband and wireless services, and the other on theme parks, film, TV studios, and European media. The separation aims to adapt…

The Economic Times

Sky makes £2bn spending pledge as it prepares takeover of ITV broadcasting arm

Deal could be announced in July and vow will safeguard future of shows such as Coronation Street and Love Island

The Guardian - UK

Comcast-owned Sky reaches terms to buy ITV's broadcast unit, sources say

Sky is reportedly close to acquiring ITV's broadcast and streaming division for £1.6 billion, with ITV set to gain "The Great British Bake Off" producer Love Productions. This significant deal, nearing finalization, aims to forge a major UK streaming competitor against global giants. The transaction includes Love Productions and a…

The Economic Times

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Comcast’s Xfinity goes down leaving thousands of users offline

Xfinity delivers cable TV, internet, phone and wireless services to Comcast customers

The Independent UK

US stocks: Oaktree-backed ITG targets $2.7 billion valuation in US IPO

Digital infrastructure firm ITG is aiming for a valuation of up to $2.67 billion in its US stock market debut, seeking to raise as much as $429 million. The company, which supports broadband network construction and maintenance, is capitalizing on strong AI-driven demand and a busy summer for IPOs. ITG's…

The Economic Times

UK government to pay £1.3bn to help fund Universal Studios theme park in Bedfordshire

Chancellor hails deal saying it will create tens of thousands of jobs in the construction, hospitality, creative and technology sectors

The Guardian - UK

Sky ends controversial news joint venture in United Arab Emirates

Sky News Arabia to retain name in brand licensing deal after criticism of its coverage of atrocities in Sudan

The Guardian - UK

Comcast Stock: Is CMCSA Underperforming the Communication Sector?

While Comcast has lagged behind the broader market over the past year, analysts remain cautious about the stock’s prospects.

Barchart

Comcast's dirty secret cost them $117 million, you could be owed $10,000; here's how to grab your share by August 14

The Comcast $117.5 million settlement has triggered a nationwide rush as millions of Americans now check eligibility for a possible $10,000 payout after the massive Comcast data breach. The cyberattack, linked to exposed customer records in October 2023, reportedly leaked usernames, passwords, Social Security details, birth dates, and private account…

The Economic Times

Comcast Bets on Wi-Fi and Mobile Bundles to Reset Connectivity Growth

Comcast (NASDAQ:CMCSA) is pursuing a broad reset of its Connectivity and Platforms business, with a heavier focus on Wi-Fi, mobile convergence, simplified pricing and network upgrades, Steve Croney, CEO of Connectivity and Platforms at Comcast, said at the MoffettNathanson Media and Communications C

MarketBeat

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The Independent UK

ITV in ‘active’ talks with Sky over landmark £1.6 billion sale as it eyes World Cup boost

The potential deal could have a transformative effect on the UK’s television landscape

Evening Standard

ITV hopes for World Cup boost as it remains in ‘active’ talks over Sky TV deal

The broadcaster is said to be close to finalising a deal to sell its media and entertainment division to Sky.

Barchart

Comcast Stock: Is Wall Street Bullish or Bearish?

Due to Comcast's weak performance relative to the broader market over the past year, Wall Street analysts maintain a cautious outlook about the stock’s prospects.

Barchart

Stocks Settle Lower on US-Iran Stalemate

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.57%. June E-mini S&P futures (ESM26 ) fell -0.42%, and June E-mini Nasdaq futures...

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Barchart

Stock Indexes Recover on Strength in Chipmakers

The S&P 500 Index ($SPX ) (SPY ) today is up +0.07%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. June E-mini S&P futures (ESM26 ) are up +0.07%, and June E-mini Nasdaq futures...

Barchart

Stocks Pressured as Peace Talks with Iran Remain in Limbo

The S&P 500 Index ($SPX ) (SPY ) today is down -0.07%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.03%. June E-mini S&P futures (ESM26 ) are down -0.08%, and June E-mini Nasdaq futures...

Tom’s Guide

Comcast is paying $117 million in data breach settlement — how to file your claim and how much you could get

Comcast is paying out 117.5 million to customers affected by a 2023 data breach thanks to a new settlement.

The Independent UK

Sports fans face increasingly steep fees and piecemeal access to watch their favorite teams. The government wants to step in

Many sports fans have expressed frustration with record-high costs and piecemeal access to watching games

The Guardian - UK

Sky considers ending controversial UAE news joint venture

Sky News Arabia has been accused of broadcasting propaganda and whitewashing genocide in Sudan

International Business Times

Xfinity Outage Disrupts San Francisco Bay Area Internet Service, Sparking Customer Frustration

Thousands of Xfinity customers across the San Francisco Bay Area experienced widespread internet disruptions Monday morning, as reports of outages surged shortly after 9 a.m. local time.

Reason

Brendan Carr Says He Can Police TV Journalism Because Broadcast Licenses Are 'Free'

The FCC chairman's reasoning is faulty.

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