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As the bloody battle over subscribers between Comcast and its phone and satellite rivals continues at a virtual draw, the cable giant is looking ahead to a new wireless broadband arena: WiMax.
Comcast Corp. on Thursday reported a 12.5% decline in first-quarter profits from a year ago, when the company's earnings were inflated by a $300 million one-time gain.
In Brent Swanson's basement home theater, there should be nothing drab about Battlestar Galactica.
In Brent Swanson's basement home theater, there should be nothing drab about "Battlestar Galactica." He's got a high-end projector that beams the picture onto a wall painted like a silver screen, and speakers loom in the corners, flanking two big subwoofers.
Something remarkable happened on Thursday - an Internet service provider and a peer-to-peer software company announced a collaboration and agreed to work together.
Comcast Corp., an Internet service provider under investigation for hampering online file-sharing by its subscribers, announced Thursday an about-face in its stance and said it will treat all types of Internet traffic equally.
Something stinks in the world of Spygate. Call it a spectre over Specter. Call it a distasteful conflict of interest. Call it an unfair accusation against a Senator with motives more pure than a Troy Aikman spiral. Call it manna from heaven for Bill Belichick and his morally impaired Patriots staff. But whatever you call it, don't say that it doesn't have tongues wagging in NFL suites and behind the closed doors of Congress.
This Valentine's Day, Corporate America is sending investors something better than a bouquet of roses and chocolates. Cash.
The phone business has been very good to the cable industry.
Qwest Communications International Inc. said Wednesday its second-quarter profit rose as the telecommunications carrier trimmed costs, but the results were slightly short of market expectations.
As the bloody battle over subscribers between Comcast and its phone and satellite rivals continues at a virtual draw, the cable giant is looking ahead to a new wireless broadband arena: WiMax.
Comcast Corp. on Thursday reported a 12.5% decline in first-quarter profits from a year ago, when the company's earnings were inflated by a $300 million one-time gain.
In Brent Swanson's basement home theater, there should be nothing drab about Battlestar Galactica.
In Brent Swanson's basement home theater, there should be nothing drab about "Battlestar Galactica." He's got a high-end projector that beams the picture onto a wall painted like a silver screen, and speakers loom in the corners, flanking two big subwoofers.
Something remarkable happened on Thursday - an Internet service provider and a peer-to-peer software company announced a collaboration and agreed to work together.
Comcast Corp., an Internet service provider under investigation for hampering online file-sharing by its subscribers, announced Thursday an about-face in its stance and said it will treat all types of Internet traffic equally.
Something stinks in the world of Spygate. Call it a spectre over Specter. Call it a distasteful conflict of interest. Call it an unfair accusation against a Senator with motives more pure than a Troy Aikman spiral. Call it manna from heaven for Bill Belichick and his morally impaired Patriots staff. But whatever you call it, don't say that it doesn't have tongues wagging in NFL suites and behind the closed doors of Congress.
This Valentine's Day, Corporate America is sending investors something better than a bouquet of roses and chocolates. Cash.
The phone business has been very good to the cable industry.
Qwest Communications International Inc. said Wednesday its second-quarter profit rose as the telecommunications carrier trimmed costs, but the results were slightly short of market expectations.
Leading U.S. cable operator Comcast Corp. posted a 28 percent rise in quarterly profit Thursday, but it lost more basic video subscribers than analysts expected, sending shares down 3 percent in premarket trading.
The big cable companies and the telco giants are engaging in a battle for your living room. At stake are the dollars you spend on your phone, television and Internet access service.
Over the past two decades, Big Ten commissioner Jim Delany has established himself as the shrewdest executive in college sports. From spearheading the addition of Penn State as the conference's 11th member to brokering the Rose Bowl's integration into the BCS to continually landing the nation's most lucrative television and bowl lineups, Delany has made sure his 111-year-old conference is consistently at the front of the pack when it comes to changes in the collegiate landscape.
Despite all the worries, last year turned out to be quite good for blue-chip stocks. Although prices were flat early in 2006, stocks rallied strongly in the second half.
If anyone needed a further sign of cable's resurgence, it came today in the numbers issued by Comcast, the nation's largest cable player. And it comes at a crucial moment in the telecommunications business -- just a week before expected government approval of the mega-merger between AT&T and BellSouth, a combination seen as necessary to give the telcos the scale to compete with cable.
Are cable stocks cheap? Charles and James Dolan think so. In early October the Dolans, who own 22.5 percent of Cablevision stock and control 74 percent of the voting rights, offered to buy out publ...
It's October. And you know what that means ... boo!
Comcast doesn't have any plans to limit or prioritize Internet traffic on its network and doesn't see the need for government involvement in the "Net neutrality" issue, chief operating officer Stephen Burke said Wednesday.
Hey, Comcast Chairman and CEO Brian Roberts: If you're reading this, I've got some friendly advice for you.
Most media stocks have bounced back sharply this year after a brutal 2005 as investors began to realize that entertainment firms are positioning themselves for growth in the new world of digital media.
Amid all the coverage around AOL's new strategy, you might not have noticed that Time Warner (parent of CNNMoney.com and Fortune) made another big announcement this week: The company, along with Comcast, completed its acquisition of Adelphia's cable-television assets in a deal that makes Time Warner's cable unit the nation's third-largest provider of multichannel programming behind Comcast and DirecTV.
There is a big debate in Congress about "Net neutrality" - whether or not broadband network operators such as Verizon and Comcast should be able to charge big Internet companies such as Google and eBay in order to have their Web sites delivered in a smooth, timely fashion.
Cable giant Comcast has a new ad campaign poking fun at digital subscriber line (DSL) Internet services offered by major phone companies. The commercials feature two turtles known as the Slowskys who are DSL customers.
NEW YORK (CNNMoney.com) - Cable company stocks have been under siege for the past year due largely to concerns that telecoms are going to eat their lunch with lower-priced video offerings.
Gary Bettman, commissioner of the National Hockey League, is breathing easier. After a bitter lockout that earned the NHL dubious distinction as the only professional sports league to lose an entire season to a labor dispute, the puck finally dropped on the 88th season last October. New rules like overtime shootouts have captured attention, but it was the changes to the league's business model--capping salaries, sharing revenue--that have indelibly altered the game and improved its profitability. FORTUNE's Matthew Boyle talked with Bettman about hockey's return--and its wired, ubiquitous future.
THREE-YEAR-OLDS DON'T HAVE Disposable income. And when it comes to television, few of them channel-surf. Preschoolers, in other words, are not the audience you'd expect to be the focus of a cable T...
The Federal Communications Commission has asked Time Warner and Comcast for an unusual amount of information in its review of their proposed $17.6 billion purchase of the assets of bankrupt cable operator Adelphia Communications, according to a published report Thursday.
Interactive TV may finally be ready for prime time, and it could be a way to wean consumers off TiVo-style commercial-skipping. The technology, which lets viewers change camera angles and shop usin...
Can the NHL go from being No Hockey League for the past 15 months to being the Now Hot League?
Sports Illustrated may get a second chance at life in television in a partnership with Comcast's Outdoor Life Network, according to a news report published Friday.
Comcast Corp., the nation's largest cable operator, may be weighing a sports network to challenge the leadership of ESPN, according to a published report.
Comcast Corp. may look to make its own deal with a wireless phone provider rather than working with a previously announced consortium of cable providers, according to a published report.
About one in ten U.S. cable subscribers would get a new provider as the result of the $17.6 billion deal unveiled Thursday in which Comcast Corp. and Time Warner Corp. agreed to jointly buy Adelphia Communications as well as swap some of their own cable customers.
Investors could get a lift Friday from a reported agreement between Time Warner and Comcast to buy Adelphia Communications as well as a continued decline in oil prices.
Imagine if the entertainment system in your car rivaled the setup in your house. Inside the vehicle's cozy confines, you'd have 500 channels of TV, high-speed Internet access, MP3s that stream off ...
Warren Buffett's company Berkshire Hathaway doubled its holdings in Comcast Corp., the nation's largest cable operator, as it dumped its shares in hospital operator HCA and slashed its holdings in athletic apparel manufacturer Nike.
Comcast Corp. will be getting into the match-making spirit this Valentine's Day with a new service for singles looking for love, according to a report published Thursday.
Thousands of fans who recently bought high definition televisions in anticipation of hosting a great Super Bowl party are about to tune into a low definition disappointment.
Can you believe that it's been almost a year since cable giant Comcast launched its audacious takeover bid for Walt Disney?
In a darkened conference room, shades drawn, a group of executives from the venerable New York advertising agency Foote Cone & Belding are watching a TV spot for Bermuda tourism. With its cheesy mu...
A LONG TIME AGO--records indicate the year was 1994--the futurist Dave Barry wrote a column in which he envisioned a Home Shopping Network program called Interactive Salad Bar during which viewers,...
What does $90 billion buy you these days? Not as much as you thought it would eight years ago.
Comcast Corp. said Monday it is in talks with Time Warner Inc. to explore a possible deal to acquire bankrupt cable company Adelphia Communications Corp.
Even if you've neatly hidden the jumble of cords behind your desk, you can't ignore your telecom mess. And considering that all those bills can add up to more than $200 a month in charges, you shouldn't.
AT&T, which is moving away from providing traditional phone service to residential customers, is teaming with the nation's largest cable operators to offer phone service over the Internet, according to a published report.
Are cable stocks finally ready for a comeback?
After cable company Comcast bid for Disney, Wall Street dumped the suitor's stock, creating an opportunity for bargain hunters. And Iron Mountain, the leader in the safekeeping of files and materials, is thriving in the digital world.
Recent price $28
In a deal that would unite the biggest stars of the two-to-five-year-old set, Comcast Corp. (CMCSK) is in advanced negotiations with the Public Broadcasting System, Sesame Street Workshop and HIT Entertainment to develop the first 24- hour network dedicated to preschool kids, people familiar with the matter told The Wall Street Journal.
On the surface, American media companies appear to have turned in award-winning performances over the past year. Shares of Time Warner (the parent of FORTUNE's publisher), for instance, have surged...
Although Comcast has dropped its $54 billion takeover bid for Disney, these two media giants are far from done with each other. The man to watch as this story unfolds is Stephen Burke, the 45-year-...
When Hamlet was asked if heavy drinking at Danish parties was customary, he replied that it was a custom more honored in the breach than in the observance. The same might be said for Comcast's February bid to acquire Disney, which was killed on Wednesday. It's a deal that is best left undone.
Comcast Corp. dropped its $48 billion offer to acquire Walt Disney Co. Wednesday, citing no interest on the part of Disney's embattled management, but the nation's biggest cable company said it might bid for the assets of bankrupt rival Adelphia Communications instead.
Now that Comcast has agreed to drop its unsolicited takeover bid for Walt Disney Co., what's next for Comcast and its cable rivals?
U.S. stocks slipped early Wednesday as new geopolitical concerns and continued uncertainty about interest rates trumped some solid earnings.
Comcast Corp. dropped its $48 billion offer to acquire Walt Disney Co. Wednesday, citing no interest on the part of Disney's embattled management, but the nation's biggest cable company said it might bid for the assets of bankrupt rival Adelphia Communications instead.
After the boom and bust of the past five years, investors have grown suspicious of stocks with great stories but unimpressive profits. And they've become skeptical of star CEOs as well.
Comcast Corp. (CMCSA) announced a deal to carry the National Basketball Association's network on its cable systems, as well as nightly game highlights of all NBA games on its video-on-demand service, Wednesday's Wall Street Journal reported.
AT&T, we had to win. We don't feel that way about Disney."
When cable leviathan Comcast announced its $66 billion hostile bid for Disney in early February, the biggest surprise was the timing. Comcast had just digested AT&T's broadband business, and Disney...
Once upon a time, in a magical place called Disney, there lived a man named Michael whose days overflowed with happiness and fun. He was the host of his own television show. He was the toast of Bro...
A union challenge to Comcast CEO Brian Roberts' control over the voting shares of the company will be subject to a vote of shareholders under a decision by the Securities and Exchange Commission, according to a published report.
Investors went on a wireless shopping spree Tuesday thanks to news that Cingular Wireless will acquire AT&T Wireless for $41 billion.
Comcast Corp.'s efforts to buy Walt Disney Co. cooled Tuesday, as a person close to the company said the nation's largest cable operator is not interested in buying the media and entertainment conglomerate at the current price.
Is giving Mickey Mouse a black eye and bloody nose the only way for Walt Disney to fend off Comcast?
The hostile $54 billion bid by U.S. cable TV giant Comcast for Walt Disney Co. sent waves across the Atlantic, reviving talk of a long-awaited comeback in media takeovers in Europe.
The aftermath of the surprise Comcast bid for Disney, Alan Greenspan's second day of testimony before Congress and some economic reports will get investors' attention when U.S. stock markets open Thursday.
The board of Walt Disney Co. has asked bank advisers to analyze the surprise unsolicited takeover offer from U.S. cable giant Comcast.
It was bold, it was opportunistic, but in the end, will it be anything more than a Mickey Mouse offer?
Technology stocks edged higher Wednesday, but Comcast Corp. shares weighed on the Nasdaq following its $54 billion offer for Walt Disney Co.
The best way to catch a mouse is with cheese. And Comcast will need to offer a lot more of the yellow stuff to entice Walt Disney shareholders to its unsolicited bid of $66 billion in stock and assumed debt.
Comcast Corp. has made a surprise offer to buy Walt Disney Co. for $54 billion, a deal that would create one of the world's biggest entertainment companies.
Comcast's surprise multi-billion dollar bid Wednesday to acquire Walt Disney proves one thing: Brian Roberts, the 43-year-old president and CEO of the nation's largest cable operator, is on the prowl for the next big thing.
Below is the letter sent by Brian L. Roberts, Comcast's president and chief executive officer, to Michael Eisner, Disney's chief executive officer:
Comcast Corp. made a surprise, unsolicited offer to buy Walt Disney Co. for $54 billion Wednesday, a deal that would create the world's biggest media company.
Investors will cast their attention to Comcast Corp.'s $66 billion offer for Walt Disney Co. as another sign of a revival in merger and acquisition activity when trading begins Wednesday.
Cable companies and telephone companies are starting to look awfully similar these days...except for their stock performance.
At the cable industry's annual confab in Chicago, the place to be is, well, anywhere Brian Roberts is. As the Comcast CEO cruises the convention center's carpeted halls on a cool mid-June afternoon...
By mid-July, shareholders will have given AT&T the go-ahead to split into two. The company's cable assets will be combined with Comcast to create the nation's largest cable operator. The remaining ...
You know that feeling when your bat hits the ball dead-on or you swing the golf club effortlessly in an ideal arc. We've got that same feeling about an overlooked corner of the stock-picking univer...
After a decade of hype and dozens of trial runs in the hinterlands, video-on-demand over cable TV is finally ready for prime time. That may be welcome news for viewers--but it threatens the economi...
The prospect of a new AT&T/Comcast, a $19-billion-a-year broadband behemoth, should have the Baby Bells quaking. Instead, local telephone companies and other rivals of cable's newest gorilla are li...
Almost from the time he was tall enough to reach a TV dial, Brian Roberts was intrigued by his old man's cable business. As a boy he punched the coupon books mailed to Comcast's customers. As a tee...
It was the most highly publicized disappearance in U.S. history since Amelia Earhart's airplane vanished over the Pacific. Depending on how you measure it, some $3.5 trillion in stock market value ...
Until recently the family-controlled cable outfit was best known for hawking cubic zirconia (it helped launch QVC). Now its audacious $40 billion "bear hug" for AT&T Broadband makes Comcast a serio...
Picture this: You're watching your favorite prime-time TV show and are suddenly taken with the Cosbys' living room set. With a few clicks of your remote control, you get information on the make, mo...
As cable companies gobble each other up in a high-tech, high-priced land grab, the valuations and stock prices of many of the survivors are soaring. In May alone, AT&T agreed to pay $62 billion for...
When we took a crack at identifying opportunities in the consolidation craze sweeping American industry ("Bigger Is Better," April), our basic assumption was logical: Your odds are better if you in...
You would think that with the cable industry's dark recent past--the way its stocks tanked after most of the cable-telco deals flopped, the way the information superhighway evanesced like a mirage-...
For the past 30 years, there's been a ghost haunting Wall Street. Just by rattling its chains, it could make high interest rates look stingy, rapid earnings growth seem lazy, and it could spook a h...
Given today's high-flying market, you might think there were no stocks left that could climb another 30% on top of the almost unbelievable 70% advance of the past two years. Testifying before the S...
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