comcast corp-class a (CMCSA) Key Developments
Comcast Corporation and Discovery Communications Renew Long-Term, Comprehensive Distribution Agreement
Jul 27 15
Comcast Corporation and Discovery Communications announced a long-term, comprehensive renewal of its distribution agreement that will deliver Discovery's 12 U.S. networks to Comcast's Xfinity TV customers across the nation. The renewal also includes TV Everywhere rights, ensuring Xfinity TV customers have access to their favorite Discovery brands and programs on multiple platforms, both in and out of the home.
Comcast Corporation Declares Quarterly Dividend Payable on October 28, 2015
Jul 23 15
Comcast Corporation announced that its Board of Directors declared a quarterly dividend of $0.25 a share on the company’s common stock. The quarterly dividend is payable on October 28, 2015 to shareholders of record as of the close of business on October 7, 2015.
Comcast Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 23 15
Comcast Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income attributable to company of $2,137 million or $0.84 per diluted share on revenue of $18,743 million compared to net income attributable to company of $1,992 million or $0.76 per diluted share on revenue of $16,844 million reported a year ago. Operating income was $4,105 million compared to $3,804 million reported a year ago. Income before income taxes was $3,488 million compared to $3,259 million reported a year ago.
For the six months, the company reported net income attributable to company of $4,196 million or $1.65 per diluted share on revenue of $36,596 million compared to net income attributable to company of $3,863 million or $1.47 per diluted share on revenue of $34,252 million reported a year ago. Operating income was $7,995 million compared to $7,372 million reported a year ago. Income before income taxes was $6,890 million compared to $6,315 million reported a year ago. Net cash provided by operating activities was $8,834 million compared to $7,547 million reported a year ago. Capital expenditures were $3,697 million compared to $3,246 million reported a year ago.
Dish And T-Mobile Reported Merger Talks Stalled
Jul 17 15
T-Mobile US, Inc. (NYSE:TMUS) and Dish Network Corp. (NasdaqGS:DISH) have stalled their merger talks over price and structure. Dish Network Corp. talks to acquire T-Mobile US Inc. from Deutsche Telekom AG (DB:DTE) have stalled over concerns related to valuation and structure, people with knowledge of the matter said. The lack of momentum calls into question whether any transaction will get done this year or at all, said the people, who asked not to be identified because the information is private. Dish and Deutsche Telekom would want to iron out an agreement in the next two or three months before focusing on the auction, the people said, and the halt in talks has made that timeframe unlikely. Deutsche Telekom has told Dish what kind of offer it wants and so far Dish hasn’t met that demand. Deutsche Telekom doesn’t need to sell T-Mobile now because the business has performed well in recent quarters, the people said. There’s a chance other buyers, such as Comcast Corporation (NasdaqGS:CMCS.A), Altice S.A. (ENXTAM:ATC) and Sprint Corporation (NYSE:S) could make a bid for T-Mobile in a new U.S. presidential administration, giving Deutsche Telekom more reasons to wait on selling, the people said. A spokesman for Deutsche Telekom declined to comment on the status of any potential talks, as did a spokesman for Dish.
Comcast Launches Video Online Streaming Service
Jul 14 15
Comcast Corporation announced that it will launch a $15-a-month "skinny bundle" of online streamed entertainment and broadcast TV networks. Called Stream, the service will start this summer in Boston. Later this year, Comcast will offer it to Chicago and Seattle customers, and then to Philadelphia and other Comcast franchise areas nationwide in 2016. It won't be available outside areas where Comcast has cable TV coverage. Comcast's Stream will include the broadcast TV networks, local TV channels, and HBO for viewing on laptops,
tablets, and smartphones. Stream will not come with a set-top box for TVs, and it will not include ESPN and regional sports networks, such
as Comcast SportsNetwork Philadelphia.