Comcast’s Shares Surge Before Market Opens Following Spinoff News
Comcast Announces NBCUniversal Spinoff Comcast revealed plans for a spinoff of NBCUniversal, leading to a significant rise in its stock early on Monday. The newly formed company will represent an updated iteration of NBCUniversal and will operate as a publicly traded entity alongside Sky, Comcast’s European media division. Initially, Comcast shares jumped 17% in pre-market […]
FCC’s Brendan Carr orders probe into Comcast’s DEI policies
Federal Communications Commission Chairman Brendan Kerr asked his agency to begin an investigation into Comcast's DEI policy. On Tuesday, Kerr told Comcast CEO Brian Roberts whether the cable giant whose FCC owns NBCuniversal is violating federal law, particularly the Equal Employment Opportunity Act, by implementing the DEI program. I warned that I would investigate. . […]
Trump’s FCC pick and Comcast’s spinoff plans are no coincidence
A free-market cable regulator has been named chairman of the Federal Communications Commission, sparking buzz on Wall Street that a much-needed deal is on the way. One of the world's largest media organizations has made a major change to its business model, separating its cable programming from most of the rest of the company and […]
Disney may have to pay $5B more for Comcast’s Hulu stake to resolve dispute
Walt Disney said Wednesday that the company may have to pay up to an additional $5 billion to acquire Comcast’s minority stake in Hulu if appraisers agree that Comcast should value its minority stake in Hulu at more than $40 billion. Disney and Comcast hired investment bank RBC Capital as an independent appraiser earlier this […]