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.
Striking a defensive tone eerily similar to another FCC petition issued by Comcast three weeks ago, AT&T and DirecTV tried to distance their proposed merger from that being undertaken by Comcast and Time Warner Cable.
A combined AT&T-DirecTV will be good for rural customers, effectively helping bridge the digital divide, but it has no connection with Comcast's proposed purchase of Time Warner Cable, AT&T argues in a new filing with the FCC.
With one of its members referring to Comcast as "the worst company in America for customer service," the city council for Worcester, Mass., has voted 8-3 against a measure that would transfer control of the city's cable subscribers from Charter to Comcast.
Comcast won a $7.5 million award against Sprintafter a jury agreed that the wireless company violated Comcast's patents for VoIP and other telecommunications technologies. FierceWireless has the complete story here.
Comcast has decided not to appeal a ruling by a bankruptcy judge on the valuation of regional sports network CSN Houston, clearing the sale of the network to DirecTV and AT&T.