FCC chairman Tom Wheeler is considering the expansion of his commission's authority over U.S. broadband, but is also contemplating a position of standing out of the way when it comes to paid prioritization deals signed between ISPs and content companies.
FCC Chairman Tom Wheeler has put out the latest shot in the net neutrality issue, saying he is considering a "hybrid" approach for broadband access, reports The Wall Street Journal, citing people close to the chairman.
A federal bankruptcy judge has approved a restructuring that calls for the sale of struggling regional sports network Comcast SportsNet Houston to AT&T and DirecTV.
Charter Communications continues to line up the financing it needs to buy cable systems currently covering 1.5 million Time Warner Cable customers, announcing on Wednesday that it will sell $3.5 billion worth of speculative-grade bonds.
After 11 years of failed settlement attempts and legal arguments that reached U.S. Supreme Court, a class-action group of Philadelphia-area cable subscribers will get only a small fraction of the $875 million they had originally sought from Comcast.
Amid an aggressive expansion of its Wi-Fi network that aims to have around 8 million hotspots deployed in the U.S. by the end of 2014, Comcast is selling its subscribers on the hospitality angle.
Speaking to investors during Comcast's third-quarter earnings call last week, NBCU chief executive Steve Burke said he was surprised by recent announcements from HBO and CBS introducing new a la carte streaming services.
Few people think that Comcast's proposed purchase of Time Warner Cable is in regulatory jeopardy. "But the market is worried," said high-profile media analyst Craig Moffett, citing the growing spread between the two companies' respective share prices--a metric that has swelled to over 8 percent, the highest it's been since the deal was first announced in February.
Comcast reported third-quarter net income of $2.6 billion on revenue of $16.8 billion, up 4 percent year over year. Revenue from cable operations spiked 5.2 percent, with TV subscribers decreasing 81,000 for the quarter, down 36 percent from the 127,000 lost in Q3 2013.
The head of the Senate Judiciary Committee has asked Comcast to permanently ban Internet fast lanes, putting further pressure on the conglomerate as it tries to get its increasingly controversial purchase of Time Warner Cable through regulatory processes.