Items tagged with (NASDAQ:CMCSA)

Thinking twice on the matter, Comcast and Time Warner Cable (TWC) have both decided to withdraw significant donations totaling a combined $132,000 to a fundraising dinner honoring Federal Communications Commission (FCC) Commissioner Mignon Clybrun, who is scheduled to receive a special "diversity advocate" award at the event. The Walter Kaitz Foundation is a non-profit organization that promotes inclusion and participation of women and multi-ethnic professionals in the cable telecommunications industry. Much of the company's funding comes from an annual dinner, in which it honors individuals inside and outside the cable industry who made strides in diversity. This year the foundation is hosting... Read more...
Cable giants Comcast and Time Warner Cable (TWC) are sponsoring this year's annual dinner for the Walter Kaitz Foundation, which is being held in honor of Mignon Clyburn, head of the Federal Communications Commission (FCC). Clyburn is to receive a special "diversity advocate" award at the event, with Comcast donating $110,000 to the foundation that supports diversity. Normally something like this wouldn't raise an eyebrow, but it just so happens that Comcast needs the FCC approval before it can acquire TWC in a deal worth around $45.2 billion. TWC already donated $22,000 back on May 14, and while making donations doesn't break any rules, the timing is a little suspicious. Nevertheless, Comcast... Read more...
The Federal Communications Commission (FCC) is currently deciding whether or not to approve Comcast's $45.2 billion proposed takeover of Time Warner Cable, a deal that would combine the two largest cable providers in the U.S. and give net Comcast an additional 30 million subscribers. Meanwhile, Dish Network is screaming in the FCC's ear to block the deal over concerns that it would present "serious competitive concerns." One of Dish Network's biggest concerns is the control of so-called choke points in the broadband pipeline that Comcast could use to harm competing video services. The choke points include the direct connection to consumers, the interconnection point, and managed or specialized... Read more...
No need to brace yourself for this one, but in case you were wondering, Americans are typically dissatisfied with their cable and Internet service providers (ISPs). That won't be shocking to most, but lest there was any doubt, numbers from the American Consumer Satisfaction Index show that cable companies and ISPs are doing a poor job keeping their customers happy. The survey pings users for their experience regarding picture quality; high definition picture quality; ease of use of remote controls, cable boxes, and onscreen menus; interactions with the call center; and other topics that can make or a break a customer's opinion about a company. Image Source: Flickr (Michael Dougherty) On a 100-point... Read more...
If you thought Comcast wouldn't try to defend its "Worst Company in America" designation as voted by Consumerists' readers last month, think again. The broadband company holding the Golden Poo award has gone on record saying it wants to move to a usage-based billing model similar to how the wireless industry works within the next five years. "People who use more should pay more and people who use less should pay less," Comcast executive vice president David Cohen said at an investor event in New York City this week. Comcast has already been testing this in some areas. The way it's currently constructed is that subscribers are allotted 300GB of data per month. Those who go over are charged $10... Read more...
Who would have thought that a cable box might provide the biggest competition yet to dedicated consoles like Microsoft's Xbox One, Sony's PlayStation 4, and Nintendo's Wii U systems? As unlikely as that might sound, Comcast is reportedly close to striking a deal with Electronic Arts that would allow customers to purchase and play games through its cloud-based X1 cable box. News of the impending deal comes from Reuters and its "five sources briefed on the plans." The sources say Comcast and EA have been testing the service for the past two years and are now close to inking a deal to stream games like FIFA and Madden. The games would be available on X1, an advanced cable box with a video operating... Read more...
Comcast is highly motivated to complete a $45 billion deal to acquire Time Warner Cable. So much, in fact, that Comcast has come to a separate agreement with Charter Communications to get rid of 3.9 million of subscribers, which is contingent on the TWC merger taking place. It's Comcast's hope that divesting itself of subscribers will be enough to ease regulatory concerns over its deal with TWC. According to a report in The Wall Street Journal, Comcast agreed to sell 1.4 million existing TWC customers to Charter for around $7.3 billion in cash. In addition, Comcast would create a new publicly traded company made up of another 2.5 million existing Comcast subscribers. The new cable company would... Read more...
It looks like rumors that hit the Web a couple of months ago have proven true: Comcast has just upgraded its Blast package from 50Mbps to 105Mbps - an increase of 6.25MB/s to 13.13MB/s in megabyte terms. As a free upgrade, this kind of jump is nothing short of "awesome", although some might balk at the lack of an upload increase - it remains at 10Mbps (1.25MB/s). Earlier rumors said that a couple of Comcast's other packages would be seeing a boost as well, but so far, those haven't been reflected. Performance, the package that offers 25Mbps speeds, was said to jump to 50Mbps, and Extreme, from 105Mbps to 300Mbps. One change we did see is that Extreme has become Extreme 150 - exhibiting a bump... Read more...
A pair of tech titans could make major waves in the entertainment industry if a deal to launch a new streaming TV service can be reached. According to multiple reports, Apple is currently in talks with Comcast about using Apple's set-top box to deliver the new service, which would give users the ability to stream live TV, on-demand programming, and recorded videos stored in the cloud. An announcement probably shouldn't be expected anytime soon, as the discussion between the two sides are in the early stages with several road bumps in the way, The Wall Street Journal reports. However, if Apple and Comcast can get a deal done, it could mark a shift in the entertainment sector, as big media and... Read more...
The United States of America is home to many great things, with widespread Internet access typically counted among them. But if you've been paying attention, just having access isn't the token that it used to be, and by and large, the USA has stagnated in terms of Internet innovation. Based off of results from a recent Ookla Speedtest study, the USA is quickly falling behind in terms of globally-ranked Internet speeds. Presently, the United States ranks 31st in average download rates and a woeful 42nd on the upload side. That's pitiful, no matter how you slice it. The USA now ranks behind Hungary, Slovakia, and Estonia when it comes to download rates, which makes absolutely no sense at all. That... Read more...
In what had been a standoff between Netflix and Comcast -- one in which subscribers of both companies were caught in the crossfire -- Netflix was the first to blink by agreeing to pay the ISP for faster speeds. The two media giants inked a multi-year deal that should ensure less buffering and higher quality Netflix streams to Comcast subscribers. Customer complaints from Comcast subscribers regarding poor quality Netflix streams during peak hours reached a fever pitch in recent weeks. Anecdotal evidence around the web suggested Comcast was throttling Netflix traffic. It was an issue of which company should be paying for the increased demand for bandwidth, though some also surmised Comcast was... Read more...
As we’ve all had some time to digest the potential reality of a Comcast-Time Warner Cable merger, there’s some thought out there that the two giants could be making a move specifically designed to target cord-cutters, those brave souls who’ve given the one-finger salute to traditional pay-TV providers and their steep fees and incommensurate product. Farhad Manjdo of the New York Times writes that the new, bigger Comcast can recoup any lost cable customers by ensuring that it provides them their Internet service. So one way or another, they get to decide how much customers in its markets pay for cable and/or Internet access. Image Source: Flickr (Mr. T in DC) From a business... Read more...
What happens when two giants unite? We're about to find out, as Comcast on Thursday announced that its board of directors approved a definitive agreement to acquire Time Warner Cable in a deal worth approximately $45.2 billion. Comcast describes the agreement as a "friendly, stock-for-stock transaction" in which owners of Time Warner Cable stock will receive 2.875 Comcast shares for each share they own, effectively valuing Time Warner Cable's stock at $158.82 per share. Comcast and Time Warner Cable are the two biggest cable companies in the U.S. By joining forces, Comcast absorbs Time Warner Cable's 11 million subscribers. Given the size of these two firms, anti-competitive concerns are sure... Read more...
First ... Prev 3 4 5 6 7