Putting Donna Langley firmly in the corporate driver's seat, Comcast boss Brian Roberts has decided its time for NBCUniversal to shed some cable channel weight. Tomorrow, Comcast is set to reveal its long term plan to split off cable channels MSNBC, CNBC, E!, Syfy, Golf Chanel and USA into a new and separate company.
Comcast Corp. stock rose in after-hours trading Tuesday after the Wall Street Journal reported the company is expected to announce a plan to spin off most of its cable TV networks.
Comcast will announce the spinoff of cable networks Wednesday, CNBC source says
Zacks.com users have recently been watching Comcast (CMCSA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
CMCSA's shares have been benefiting from partnerships and customer base. However, sluggish theme park performance and decreased video customers are concerning.
24/7 Wall St. Insights Wall Street is anticipating fewer regulations during Trump's second term.
Universal's "Wicked" is drumming up buzz ahead of its Nov. 22 release with hundreds of merchandise offerings from dozens of retail partners. These pink-and-green collaborations cross the spectrum from apparel, accessories, footwear, beauty and costumes all the way to home decor, toys and even one-of-a-kind cars.
Comcast's potential spinoff of its linear cable networks is unlikely to have significant impact, hence management's efforts to temper analyst excitement. Management's proposal to find a partner for Peacock streaming service is intriguing, but fraught with complications, including data control and others. Comcast's ACP losses were lower than expected, aided by new NOW Internet packages, but future broadband losses remain uncertain.
Comcast (CMCSA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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“Two roads diverged in a wood, and I—
Sky Media reportedly faces a substantial financial hit after it emerged that it had underpaid key advertising partners, including Warner Bros Discovery and Paramount, since 2017. According to a report in The Guardian, the division, which sells ad space for Sky channels and other networks, identified the error earlier this year.