NBC COMEBACK SHINES IN COMCAST’S THIRD-QUARTER RESULTS

Results for the new season barely made it into its third-quarter count, but Comcast said today (Friday) that its NBC unit showed a 31.2-percent increase in revenue for the quarter to $6.8 billion, and while a good chunk of that revenue was attributable to the network’s coverage of the Summer Olympics, Comcast noted that even […]

NBC UNIVERSAL CHIEF LOSES A THIRD OF HIS PAY

NBC Universal CEO Steve Burke had his compensation slashed by more than a third in 2011, according to an SEC filing. Not that the reduction will inspire much distress. Burke wound up the year with $23.7 million versus $34.7 million he received the previous year. Also taking a significant cut in pay was Burke’s boss, […]

MONEY-LOSING FOOTBALL, OLYMPICS IFFY ON NBC

On the day that Comcast reported fourth-quarter earnings that exceeded analysts’ expectations, the company indicated that it intended to institute some serious belt-tightening at its newly acquired NBC Universal subsidiary. In a conference call, Steve Burke, the new CEO of NBC Universal, said that for now, he intends on focusing on the profitable cable channels […]

NBC WRITERS SIDE WITH WGA ON COMCAST TAKEOVER

The NBC-Comcast merger has been hit with labor unrest even before the merger is approved by regulators. On Monday, a group of NBC writers announced their support of efforts by the Writers Guild of America to unionize writers working on 10 shows produced by Comcast Entertainment Group, saying that they “should have what we have.” […]

STEVE BURKE TO TAKE OVER AS HEAD OF NBC-UNIVERSAL

Comcast and GE made it official today (Sunday): Once their merger is completed, Comcast COO Steve Burke will take over as CEO of NBC Universal. It had been widely assumed that Burke, who is generally regarded as the prime architect of the merger, would be named to the top post of the media conglomerate. The […]

COMCAST CEO: CABLE IS “AN INDUSTRY PEOPLE LOVE TO HATE”

Comcast CEO Brian Roberts admitted Tuesday that his company is part of an “industry people always love to hate.” As reported by today’s (Wednesday) Los Angeles Times, Roberts, interviewed at the National Cable & Telecommunications convention in Los Angeles by former News Corp Presdent Peter Chernin, said that his father, Comcast founder Ralph Roberts, had […]

COMCAST, TIME WARNER LOSE SUBSCRIBERS BUT GAIN PROFITS

Shares of Comcast, the nation’s largest cable provider, were up 5.5 percent at midday today (Thursday) following the company’s announcement that its first-quarter net income was up 12 percent from a year ago. The result came despite a loss of 82,000 subscribers — presumably to satellite competitors — during the quarter. In a conference call […]