Comcast and General Electric have agreed to make NBC Universal CEO Jeff Zucker the head of their proposed joint venture, but the structure of a new board is still being negotiated, sources familiar with the matter said.
Tuesday, 10 Nov 2009 | Source: The Associated Press
Investors in Clearwire Corp., including Sprint Nextel Corp. and major cable companies, Tuesday said they are pumping an additional $1.5 billion into the company so it can keep building out its nationwide wireless data network.
Dish Network Corp. delighted investors Monday by declaring a special dividend of $2 per share, even as its third-quarter results failed to impress Wall Street.
Shares of Sprint Nextel Corp. and Clearwire Corp. gained Monday after a published report suggesting Sprint and its partner investors will put at least another $1.5 billion into Clearwire.
Google Inc said on Monday that it could best help wireless service provider Clearwire Corp by cooperating on products and strategy rather than giving it more financial assistance.
NEW YORK (Reuters) - Sprint Nextel Corp <S.N>. is preparing to pump at least $1 billion more into Clearwire Corp., the Wall Street Journal reported on Sunday, citing two people familiar with the matter.
NEW YORK (Reuters) - Time Warner Cable Inc <TWC.N> posted a third quarter profit that beat expectations, as growth in sales of voice and Internet services overshadowed a decline in basic video subscribers, the company said on Thursday.
Thursday, 5 Nov 2009 | Source: The Associated Press
Time Warner Cable Inc., the nation's second biggest cable TV operator, said Thursday its profit fell 11 percent in the third quarter, weighed down by heftier interest expenses after piling on debt to separate from its parent, Time Warner Inc.
Wednesday, 4 Nov 2009 | Source: The Associated Press
Comcast Corp.'s answer to the growing popularity of watching video over the Internet is to launch its own online video service in December that would let subscribers view cable TV shows and movies on their PCs at no additional charge.
Comcast's quarterly profit rose a better-than-expected 22 percent, as it sold more phone and Internet subscriptions, helping to fight competition from phone and satellite companies.
Comcast Corp., the nation's largest cable TV operator and largest home Internet service provider, reports third-quarter earnings before the market opens on Wednesday. The following is a summary of key developments and analyst opinion related to the period:
General Electric and the cable giant Comcast have moved closer to a deal giving control of NBC Universal to Comcast, and a formal announcement could be made sometime next week, people briefed on the talks said Sunday.
Markets have been hanging on the October employment report, expected to show a drop of 175,000 nonfarm payrolls when it is released on Friday.... Read More