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The Latest Breaking News from Comcast

Comcast’s NBCUniversal Split Puts Broadband Back in Focus

Comcast is executing a tax-free spin-off of NBCUniversal and Sky, suspending its $15 billion buyback program and retaining a 19.9% stake in the new media entity.

MarketBeat · Jul 1

What You Need To Know Ahead of Comcast's Earnings Release

Comcast is set to announce its second-quarter results this month, with analysts forecasting double-digit decline in its bottom-line figure.

Barchart · Jul 1

Netflix could turn NBC into its biggest bet yet — and this time, the math actually works

After walking away from Warner Bros. Discovery, Netflix may have stumbled onto a far better deal, one that could define the streaming era.

Fortune · Jun 30

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It’s Time to Buy CMCSA Stock on Comcast’s Split News

Comcast revealed plans Monday to split into two separate companies, sending shares up over 17%. The move suggests NBCUniversal's media and entertainment assets aren't fully reflected in the current stock price, making it an opportune entry point for investors weighing a purchase.

Barchart · Jun 30

Comcast’s split brings former CFO Michael Angelakis back as CEO

Comcast will spin off NBCUniversal and Sky into a standalone media company, underscoring how finance chiefs are increasingly being tapped for the top job.

Fortune · Jun 30

NBCUniversal may enter video game business after Comcast split, sources say

NBCUniversal is exploring new avenues in digital gaming and entertainment franchises following its planned spinoff from Comcast. Meanwhile, Comcast's cable business is poised for technological upgrades. While no deals are imminent, the separation aims to unlock growth for both entities. Industry watchers speculate on potential acquisitions, with Netflix eyed as…

The Economic Times · Jun 30

Stocks Rally to Start a Big Holiday Week: Stock Market Today

Comcast created a stir among communication services stocks with a plan to spin off its media and entertainment assets into a new publicly traded company.

Kiplinger · Jun 29

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Comcast Stock Skyrockets on NBCUniversal, Sky Spinoff Plans

Comcast stock soars on management’s plans for splitting telecom and media businesses. Here’s what that would mean for CMCSA shares.

Barchart · Jun 29

US stocks today: US stocks end higher as Iran tensions ease; major tech-related shares jump

US stocks closed sharply higher with the Dow hitting a record close as easing US-Iran tensions lifted sentiment. Tech stocks led gains, with Nasdaq rising over 2%. Investors also focused on upcoming earnings season, while Comcast, SpaceX and Alphabet added momentum to the broader market rally.

The Economic Times · Jun 29

South Korea bets big on AI with nearly a trillion dollars in investment

South Korea bets big on artificial intelligence with nearly $1 trillion worth of investment through 2029. Also in this edition, Comcast announces it will spin off NBCUniversal into a separate, publicly traded company. Plus France takes aim at Shein, Temu and AliExpress with a new law aimed at curbing ultra-fast…

France 24 · Jun 29

Comcast To Spin Off NBCUniversal And Sky, Separating Media Business From Broadband Operations

Comcast announced Monday that it will separate its media and entertainment operations into a standalone publicly traded company.

International Business Times · Jun 29

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 · Jun 29

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 · Jun 29

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 · Jun 29

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The Guardian - UK · Jun 29

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 Economic Times · Jun 29

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 Guardian - UK · Jun 28

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 Economic Times · Jun 25

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…

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The Independent UK · Jun 22

Comcast’s Xfinity goes down leaving thousands of users offline

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

The Economic Times · Jun 22

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 Guardian - UK · Jun 3

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 · May 31

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

Barchart · May 30

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.

The Economic Times · May 15

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…

MarketBeat · May 15

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

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