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Comcast surpasses $100B market valuation [Comcast Roundup]

Every Thursday morning at 8:30 a.m. EST, find all the stories you need to know about your friendly telecommunications giant in the Comcast Roundup. Get an email subscription for our weekly Comcast roundup or other news updates. Comcast tops $100B market valuation [Philadelphia Inquirer] “Since buying a controlling stake in NBCUniversal on Jan. 29, 2011, Comcast has seen its stock increase in […]

The Gowanus Canal, outside the Gowanus Industrial Arts Complex on 9th Street. (Photo by Brady Dale)

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Every Thursday morning at 8:30 a.m. EST, find all the stories you need to know about your friendly telecommunications giant in the Comcast Roundup. Get an email subscription for our weekly Comcast roundup or other news updates.

  • Comcast tops $100B market valuation [Philadelphia Inquirer] “Since buying a controlling stake in NBCUniversal on Jan. 29, 2011, Comcast has seen its stock increase in price by more than two-thirds. The company has benefited from improving prime-time ratings among 18- to 49-year-olds at the network, which climbed from last place to first this season. Comcast, which has about 22 million cable-TV subscribers, now has a higher market valuation than McDonald’s Corp., Home Depot Inc., and Walt Disney Co. And it’s closing in on technology heavyweights such as Intel Corp., Cisco Systems Inc., and Qualcomm Inc.”
  • Comcast CFO Rejects Calls for More Debt [Wall Street Journal] “Comcast’s CFO could come under pressure from investors next year to take on debt to fund returns of capital to shareholders, an area in which analysts say Comcast lags behind peers, relative to its size. But [CFO Michael] Angelakis rejects that idea, insisting that maintaining a strong balance sheet is essential, especially as Comcast works toward the next stage in its takeover of NBCUniversal.”

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