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- Comcast Tops Profit Estimates After Cutting Its Video Losses [Bloomberg] “Net income attributable to Comcast rose to $1.35 billion, or 50 cents a share, from $1.02 Billion, or 37 cents, a year earlier, the Philadelphia-based company said today in a statement. The average profit estimate of 26 analysts in a Bloomberg survey was 48 cents. Sales rose 6.1 percent to $15.2 billion, in line with estimates from 23 analysts.”
- Comcast, HanesBrands, DreamWorks, Harley-Davidson are among big market movers Wednesday [Washington Post]
- Comcast seeks court reversal of FCC Tennis Channel ruling [Reuters]
- Comcast says NBC will break even on Olympics, instead of loss [Washington Post]
- Group petitions FCC to go after Comcast following data caps controversy [Arts Technica] “The move was filed Wednesday, and it comes after months of changes that Comcast has made to its data management policies. In March 2012, the company said that Xfinity TV On Demand video played over an Xbox 360 would not count against a 250GB data cap. In May, the company said it would suspend all caps for the moment, but would trial two versions of a 300GB cap model.”
- Xfinity? Comcast Sets Out to Explain Bundled Service [Wall Street Journal] “Comcast Corp. is launching a marketing campaign costing at least $170 million, to fix what Chief Executive Brian Roberts has acknowledged has been a less-than-successful two-year-old corporate rebranding effort.”
- Club Tech’s festival brings young digital minds to Philadelphia [Philadelphia Daily News] “Comcast has been involved with Club Tech since 2010, has contributed $10 million in cash and in-kind contributions, and has encouraged employees to mentor kids involved with Club Techs across the country, [a vice president of the Comcast Foundation Bill] Black said.”
- Comcast Explores Bringing DreamWorks’ Snider and Spielberg to Universal [Hollywood Reporter]
- Gov’t clears Comcast’s $3B-plus sale of A&E stake [The Seattle Times]
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