comcast corp-class a (CMCSA) Key Developments
Federal Judge Re-Opens $20 Billion Lawsuit Against Comcast, Time Warner Cable and Al Sharpton
Aug 20 15
Federal Judge Terry Hatter has issued a ruling re-opening the $20 billion racial discrimination in contracting lawsuit filed by Entertainment Studios Networks Inc. and the National Association of African-American Owned Media. The company will continue to vigorously pursue Comcast and Time Warner Cable, who spend approximately $25 billion annually licensing cable networks with less than $3 million going to 100% African-American owned media.
Comcast, T-Mobile, Dish And Sprint Put Merger Talks On Hold
Aug 19 15
T-Mobile US, Inc. (NYSE:TMUS), Dish Network Corp. (NasdaqGS:DISH), Comcast Corporation (NasdaqGS:CMCS.A) and Sprint Corporation (NYSE:S) are putting merger and acquisition talks on hold as they wait for various market participants to grapple with a challenging regulatory environment, CTFN reports, citing four industry sources. "We should see more clarity in the cable sector at the end of the year depending on what the DOJ decides about Charter," said one source.
Judge Dismisses Discrimination Suit against Comcast, Time Warner Cable and Others
Aug 11 15
A district court judge granted motions to dismiss a $20 billion racial discrimination suit filed against Comcast Corp., Time Warner Cable Inc. and others. The National Association of African-American Owned Media and Entertainment Studios Network filed the suit in February, alleging that Comcast refused to contract with 100% African-American-owned media companies, and that Comcast and Time Warner Cable did not distribute any channels that were owned and operated by 100% African-American-owned media, except for the Africa Channel. However, in his Aug. 5 ruling, Senior U.S. Judge Terry Hatter Jr. of the U.S. District Court for the Central District of California, Western Division, wrote that "accepting all of the factual allegations in the complaint as true, the plaintiffs have failed to allege any plausible claim for relief." Other defendants in the suit included the National Urban League, National Action Network, the National Association for the Advancement of Colored People, Al Sharpton and Meredith Attwell Baker.
SoftBank Reportedly Considered Sprint Sale To Comcast & Altice
Aug 11 15
As per reports, Masayoshi Son and another top SoftBank Group Corp. (TSE:9984) executive floated the idea of sale of Sprint Corporation (NYSE:S) to Comcast Corporation (NasdaqGS:CMCS.A) and Altice N.V. (ENXTAM:ATC) within the past year, say people familiar with the matter. It went nowhere.
Comcast Names Joe Bell as New Vice President for California's South Valley Area
Aug 5 15
Comcast has added its newest member to the California Technical Operations group, naming Joe Bell as the new Area Vice President for the South Valley. Bell will report to Amy Lynch, Regional Vice President of Technical Operations for Comcast California. Bell will be overseeing all aspects of Comcast's operations in the South Valley, including Fresno, Merced, Visalia, Santa Maria and North Santa Barbara areas. He recently served as the Senior Director of Technical Operations, for the Big South region. In that role, Bell was responsible for the day-to-day operations of the South Area which includes Central and Southern Mississippi, Louisiana and Southern Alabama. Bell replaces Jeff Votaw who recently transferred to Sacramento to serve as Area Vice President for the Sacramento Valley.