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The Latest Breaking News from Mike Cavanagh

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

Netflix's 'throne is secured,' BofA said just before Paramount mounted one last streaming war, hoping to keep Superman off the super app

Warner Bros.' "crown-jewel IP portfolio" is suddenly everything that everyone in Hollywood wants—except Comcast.

Fortune

Comcast pulls out of WBD bidding war, president says: 'We roll on with a lot of focus. But I think we're better for having taken a look'

Mike Cavanagh, who was a rower in his undergraduate days at Yale, said the NBCUniversal empire is keeping its "eyes in our own boat."

Fortune

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Universal theme park will bring growth, jobs and joy to UK, PM says

The Prime Minister sought to strike an optimistic note and talk up domestic strengths amid ongoing market turmoil.

Evening Standard

Universal secures deal with Labour to bring 'world-class' theme park to UK

A deal to secure the first Universal theme park in Europe has been closed by the Government in the hope it will generate tens of billions of pounds…

The National (Scotland)

First Universal theme park set to open in UK in 2031, Starmer confirms

The 476-acre site in Bedfordshire is expected to see 8.5 million visitors and generate nearly £50 billion

The Independent UK

Universal theme park set to open an hour from London in 2031 after Government backs deal

Some 8.5 million visitors are expected to visit the resort, on the site of a former brickworks near Bedford, in its first year

Evening Standard

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Florida Man Buys A Narrow House Built Just To Spite Neighbors, Says It’s Perfect For His Single Life

Developer has to slim down project over neighbors' numerous complaints, ends up building a 10-foot-wide house. The post Florida Man Buys A Narrow House Built Just To Spite Neighbors, Says It’s Perfect For His Single Life first appeared on Bored Panda.

Bored Panda

Comcast Considers Spinning Out Cable Networks As New Company

Comcast is considering creating a separate company for its cable network portfolio that includes Bravo, CNBC and MSNBC.

International Business Times

Comcast’s Mike Cavanagh Expects NBA Deal To Score With Advertising, Subscription Revenue

Executive sees NBA’s young, diverse audience boosting NBCUniversal entertainment programming

Multichannel News

Brian Roberts’s Pay Rose To $35 Million at Comcast

President Mike Cavanagh got $29.6 million

Multichannel News

No Numbers From Comcast For Peacock’s NFL Playoff Game Impact

Retention and engagement of subs is more important, president Mike Cavanagh says

Broadcasting & Cable

Peacock Hits 30M Paying Subs

Losses will peak this year at $2.8 million according to Comcast president Mike Cavanagh

TV Tech

Comcast Cashes Disney’s $8.61 Billion Check for Hulu

The down payment will help offset the $2.8 billion Comcast president Mike Cavanagh said will be lost on streaming this year

Broadcasting & Cable

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Multichannel News

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

NBCUniversal parent will take a look at NBA rights

Multichannel News

Susan Rovner Out as NBCUniversal Chief Mike Cavanaugh Restructures

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

Multichannel News

NBCU Names Mark Marshall Interim Ad Sales Chair With Linda Yaccarino Headed to Twitter

Shakeup comes ahead of Monday’s upfront presentation

Multichannel News

Michael Cavanagh Set To Run NBCUniversal for the Long Term

’I’ll have to work harder,’ Comcast’s president said

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WEKU

NBCUniversal CEO Jeff Shell is out after an 'inappropriate relationship'

Shell apologized for an "inappropriate relationship with a woman in the company," and said he was "truly sorry" for letting down colleagues.

Los Angeles Times

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.

Broadcasting & Cable

Shell Shocker: NBCU Chief Departs Following 'Inappropriate Relationship,' Reportedly With CNBC Foreign Correspondent

'I had an inappropriate relationship with a woman in the company, which I deeply regret,' Jeff Shell concedes

Orlando Sentinel

Comcast hints at future layoffs, though Universal theme parks prosper

Universal Orlando and Universal’s other theme parks continued to improve parent company Comcast’s earnings last quarter, but a top executive on Thursday nonetheless raised the possibility of layoffs and other cost-cutting across the company in preparation for a potential recession next year.

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.

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