Comcast

Comcast founder Ralph Roberts dies at 95

Comcast founder Ralph Roberts dies at 95

According to reports, Ralph Roberts, a cable industry leader who built Comcast, has died. He was 95 years old.

Roberts transformed Comcast from a small cable TV system in Mississippi into an entertainment and communications giant. According to Comcast, on Thursday, Roberts died in Philadelphia of natural causes.

Roberts started his career in his 40s when he stepped in the fledgling cable industry, with a $500,000 acquisition of American Cable Systems, a company with 1,200 subscribers in Tupelo, Mississippi. The name of the company was changed to Comcast by Roberts. He ran the company until he entered into 80s.

After that, one of his sons, Brian, who is now Comcast's chairman and CEO, was given the responsibility. However, he kept the title of chairman emeritus.

Cable TV Providers Fail Miserably in Satisfying Customers

Cable TV Providers Fail Miserably in Satisfying Customers

The latest Consumer Reports sums it all-'poor cable television service is just as certain as death and taxes'. In the present times when internet has become handy and convenient, cable TV space seems to lose charm.

The cable TV providers such as Comcast, Time Warner Cable, and other companies have been ridiculed for lousy customer services, restricted viewing options and exorbitant charges.

The Consumer Reports surveyed several consumers and asked them to rate their phone, Internet, and television services. The results were quite appalling as 38 out of 39 Internet providers and 20 out of 24 cable TV providers received the lowest possible scores from the publication.

Michael J. Cavanagh appointed as New CFO for Comcast

Michael J. Cavanagh appointed as New CFO for Comcast

Comcast, a US based international mass media company, appointed Michael J. Cavanagh, a former top JPMorgan Chase & Co. banker, as its new chief financial officer (CFO). He is hired for a pay package worth $29.7 million.

Cavanagh, 49, was hired by Comcast after spending less than a year at private equity firm Carlyle Group LP, where he was recruited to be co-president.

Earlier, he served as a close deputy to JPMorgan Chief Executive Officer Jamie Dimon for more than two decades.

Cavanagh's compensation at Philadelphia-based Comcast includes a $10 million restricted-stock signing bonus and another stock award of $2.5 million, both based on performance.

Federal officials block Comcast’s $45 billion merger with Time Warner Cable

Federal officials block Comcast’s $45 billion merger with Time Warner Cable

Comcast's $45 billion merger deal with Time Warner Cable is officially off.

Comcast informed about the closure of the deal by sending a letter to Pasco on April 27. The letter was addressed to Gary Crutchfield, who retired as Pasco city manager in June 2014.

Although the cities of Pasco, Richland, West Richland and Kennewick all approved the transfer from Charter to Comcast last year, Pasco Mayor Matt Watkins opposed it due to Comcast's low ranking in customer service surveys.

Comcast announced the termination of its merger agreement citing that the deal was facing resistance from federal officials.

FCC opposes Merger of Comcast and Time Warner Cable

FCC opposes Merger of Comcast and Time Warner Cable

Federal Communications Commission (FCC) officials joined lawyers at the Justice Department who have been opposing the merger deal of mass media company Comcast Corporation and telecommunications company Time Warner Cable Inc.

According to an individual familiar with the matter, representatives of the companies were told that FCC officials found the merger between the two biggest United States cable companies will not help consumers as the discussions are not public. As per reports of Bloomberg News, Justice Department staff has been bending against the deal.

Report: Comcast-Time Warner deal faces Setback

Report: Comcast-Time Warner deal faces Setback

Late Wednesday, the Wall Street Journal reported that the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC) has faced a major setback. This is because Federal Communications Commission staff has recommended that the $45.2 billion deal should be sent to an administrative hearing.

According to people familiar with the situation, the FCC staff has proposed to issue a 'hearing designation order' that will put the cable companies' merger in the hands of an administrative judge.

The hearing would most probably be a protracted process, which as per the regulatory experts could effectively kill the deal.

Comcast’s $45 billion merger with Time Warner Cable facing resistance from federal officials

Comcast’s $45 billion merger with Time Warner Cable facing resistance

Federal officials are reviewing Comcast's $45 billion merger with Time Warner Cable. The cable giant is fighting an uphill battle to get approval for the merger as it is facing resistance from the regulators. The Justice Department has some serious questions regarding the merger.

People familiar with the matter said that Comcast might ultimately walk away if concessions needed to win approval are too strict.

Comcast is the nation's largest cable company and largest broadband provider while Time Warner Cable is the second-largest company and the third-largest broadband internet provider.

Antitrust Lawyers may be leaning against Comcast Merger

Antitrust Lawyers may be leaning against Comcast Merger

According to people familiar with the matter, the staff attorneys at the Justice Department's antitrust division are about to give a recommendation to block Comcast Corp.'s bid to buy Time Warner Cable Inc.

According to media reports, the attorneys, who have been investigating Comcast's $45.2 billion proposal for the creation of a nationwide cable giant, have leaned against the merger. They are concerned that it could harm the consumers, and that they might submit their review by next week.

The report said that the antitrust lawyers will be presenting their findings to Renata Hesse, a deputy assistant attorney general for antitrust.

Hesse along with the division's top officials will decide whether to file a federal lawsuit to block the deal or not.

DirecTV dropping Lowe campaign

DirecTV dropping Lowe campaign

Direct broadcast satellite service provider DirecTV has discontinued the ad campaign that has drawn complaints from rival Comcast Corporation.

Representatives of DirecTV said that they are thinking about dropping the Rob Lowe commercials in support of a new campaign. The major complaints are from Comcast. Comcast made claims for the Rob Lowe commercials and after considering the accusations made by Comcast, the National Advertising Division (NAD) suggested that DirecTV stop making some of the claims in the ads.

Comcast pushes back expected closing date for its acquisition of Time Warner Cable

Comcast pushes back expected closing date for its acquisition

Cable giant Comcast announced that the closing date for its acquisition of Time Warner Cable will be somewhere around mid of 2015.

Comcast proposed a $45 billion deal to unite the two largest US cable companies 13 months ago. The Merger was proposed to create an internet and TV giant that will serve nearly 30% of cable-TV subscribers and more than half of high-speed Internet subscribers.

After the announcement of transaction in February 2014, government regulators, which include The Federal Communications Commission (FCC) and Justice Department, would conclude their review by the end of that year or the beginning of 2015.

Comcast to hire More Employees to handle Complaints via Social Media

Comcast to hire More Employees to handle Complaints via Social Media

Comcast customers have complained in the past regarding the customer service provided by the largest canble services provider. Comcast CEO has admitted that the customer service of the company is not up to the mark and it is an embarrassment to the company. To deal with the problem, the largest broadcasting and cable company in the world by revenue has decided to triple the size its current team.

On Monday, the company announced that it has taken the issue seriously. The best way to solve the problem is by increasing the number of employees in the company. According to the company headquartered in Tupelo, Mississippi, it has decided to triple the number of workers who will handle the customer complaints through social media.

Public interest groups request FCC to block Comcast-TWC merger

Public interest groups request FCC to block Comcast-TWC mergerWhile Comcast has highlighted many potential benefits of its proposed merger-deal with Time Warner Cable (TWC), as many as 50 public interest organizations on Tuesday wrote letters to the Justice Department as well as Federal Communications Commission (FCC) requesting them to block the deal.

Opponents of the proposed deal are arguing that the merger would provide Comcast with unprecedented market power, which would hurt competition and eventually lead to higher costs for consumers.

Google working on private Wi-Fi app for Android, iOS

googleWashington, Feb. 23 - Google is reportedly said to be working on a specialty Wi-Fi authentication app for Android and iOS devices.

Sources have said that in its attempt to blanket cities and parks with free Wi-Fi, the search giant is also aiming to launch tech at how people log in to private networks at retail and business locations too.

According to The Verge, the specialty Wi-Fi authentication app for Android, iOS would automatically greenlight that device to work on the connection.

Comcast looking to merge with Timer Warner Cable

Comcast looking to merge with Timer Warner CableComcast, a leading cable service provider, has said that it is looking to merge with Timer Warner Cable (TWC) and has started taking legal advice on the deal.

The cable TV industry is shrinking and is facing tough competition from online streaming services including, Netflix and Amazon. Firms including Comcast and TWC are seeking ways to revive business in the difficult market condition by advancing in other segments.

Comcast revenues rise 7% to $16.2 billion

Comcast revenues rise 7% to $16.2 billionComcast has said that it has recorded a growth of 7 per cent in its revenues to $16.2 billion during the second quarter of the year.

The company said that it benefitted from strong performance of NBCUniversal and an increase of its customers on the internet during the second quarter. The company's earnings increased 30 percent, to 65 cents a share during the quarter from April to June, 2013. The company's cable division recorded an increase 6 per cent in revenues to $10.5 billion during the second quarter compared to the same quarter of the previous year.

Sale to Comcast backed by NBC affiliates

Sale to Comcast backed by NBC affiliatesIt has been reported that independently owned NBC television stations say they back Comcast Corp.'s planned takeover of General Electric Co.'s NBC Universal.

The Wall Street Journal has reported that their support for the deal came after Comcast agreed to measures designed to protect stations' interests.

It was also reported that group representing NBC affiliates is to spell out the conditions it wants in a filing Monday with the Federal Communications Commission, said Brian G. Lawlor, the group's chairman and the head of E. W. Scripps Co.'s television division.

Comcast sees good quarterly results

Comcast-CorpComcast Corp. its quarterly profits go up. The good thing is that it was able to beat the analyst expectations.

Comcast is the largest cable company. It has been able to do this, since the company added newer customers through its high-speed Internet services.

The company saw its earnings rise by 31 cents as against the expectations of 30 cents.

The Philadelphia-based company was able to add 1.02 million new customers.

Comcos has also rebranded itself and takenover the name if "Xfinity". With this, it wants to highlight that it gives very high speed Internet service.




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