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January 27, 2014
14:21 EDTTWC, CMCSK, CHTR, CMCSAEarnings Preview: Comcast, Charter deal in focus ahead of Q4 report
Comcast (CMCSA, CMCSK) is set to report fourth quarter earnings before the market open on Tuesday, January 28, with a conference call scheduled for 8:30 am ET. Comcast is a diversified media company that operates the NBC family of networks and Universal Pictures, among other cable, internet, and voice services. EXPECTATIONS: Analysts are looking for EPS of 68c on revenue of $16.62B, according to First Call. The consensus range for EPS is 62c-79c on revenue of $16.32B-$16.84B. LAST QUARTER: Comcast reported Q3 EPS of 65c against estimates for 61c, on revenue of $16.2B against estimates for $16.25B. Comcast reported free cash flow rose 30% in Q3 to $1.97B. COMPANY NEWS: During the quarter, a number of reports linked Comcast to a possible bid for Time Warner Cable (TWC). The most recent report from Bloomberg suggested that Comcast and Charter Communications (CHTR) are near a bid for Time Warner Cable assets. A number of reports suggested Comcast and Charter could execute a joint bid for Time Warner Cable, with the possibility of Comcast launching a solo bid for Time Warner Cable largely dismissed. A report earlier today said that Comcast’s NBC is seen as a lead bidder for the NFL’s package of Thursday night games, which would add to the network’s Sunday night NFL broadcast, which has rated as the top program among 18-49 year olds for six consecutive fall TV seasons. STREET RESEARCH: Wall Street research on Comcast has been generally positive during the quarter. After Comcast’s Q3 report, analysts at Brean Capital said investors should sell Time Warner Cable and buy Comcast, which the firm maintains a Buy rating on. In early December, shares of Comcast were initiated with an Outperform rating and $61 price target at Northland Securities. Later in December, Buckingham initiated coverage of Comcast with a Buy rating and $60 target, and Jefferies assumed coverage of the stock with a Buy rating at $60 price target. Earlier this month, Morgan Stanley raised its rating on Comcast to Overweight from Equal Weight, putting a $63 price target on the stock. PRICE ACTION: Shares of Comcast have gained 10% since its Q3 report, and for the 52-week period ending January 24, Comcast has gained 30%, outpacing the benchmark S&P 500’s 20% gain over the same period. In afternoon trade ahead of its Q4 report, Comcast is up 1.5%.
News For CMCSA;CMCSK;TWC;CHTR From The Last 14 Days
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October 13, 2015
13:04 EDTCHTR, CMCSARovi two contract renewals 'material positives,' says Piper Jaffray
Piper Jaffray analyst Michael Olson views Rovi's (ROVI) multiyear renewal with Europe's Sky today and renewal with Charter (CHTR) in April as "material positives." Rovi shares sold off on concern that the invalidation of five patents in its case against Netflix (NFLX) could affect the company's ability to get major service provider renewals done in the coming 6-12 months, Olson tells investors in a research note. The Sky and Charter deals should alleviate some concern around Rovi's upcoming renewals with Comcast (CMCSA), DISH (DISH) and DirecTV (DTV), the analyst argues. He reiterates an Overweight rating on the stock with a $26 price target.
11:05 EDTCMCSA, CMCSK'The Walking Dead' premiere number one program on Sunday night, Variety says
The sixth season premier of AMC's (AMCX) "The Walking Dead" saw lower ratings, according to Nielsen, than its 2014 season premiere, though still was the number one most watched program on Sunday night, Variety reports. According to "live plus same-day" estimates from Nielsen, the AMC hit show averaged a 7.3 rating in adults 18-49, lower than its fall 2014 premiere with 8.65 among the same demographic and higher than NBC's (CMCSA) "Sunday Night Football," the report says. Reference Link
October 9, 2015
11:15 EDTCMCSK, CMCSAFly Watch: 'The Martian' again expected to win weekend box office
Fox's (FOX, FOXA) "The Martian," based on the best selling science fiction novel by Andy Weir and starring Matt Damon, is again expected to top the weekend box office with a gross of $30M-$34M in its second weekend at theaters. Sony's (SNE) animated sequel "'Hotel Transylvania 2," which has already grossed almost $94M domestically, is estimated to gross in the range of $21.6M-$23.2M in its third weekend in theaters. Time Warner (TWX) subsidiary Warner Bros.' "Pan," based on classic J.M. Barrie character Peter Pan, is estimated to gross $18.45M-$20M in its opening weekend at over 3,500 theaters. This would be a disappointment for the film, which reportedly cost $150M to make. Warner Bros.' comedy "The Intern," starring Robert DeNiro and Anne Hathaway, is estimated to bring in $7.5M-$7.6M in its third weekend in theaters. Lions Gate's (LGF) drug cartel drama "Sicario," which opened wide last weekend, is expected to take in $6.5M-$7.9M in about 2,620 theaters. Sony subsidiary TriStar's "The Walk," starring Joseph Gordon-Levitt, is expanding beyond its IMAX (IMAX) release to over 2,500 theaters, and is expected to gross $4.7M-$6M. Comcast (CMCSA, CMCSK) subsidiary Universal's "Steve Jobs," directed by Danny Boyle and starring Michael Fassbender and Seth Rogen, is also set to open in limited release at four theaters in New York and Los Angeles.
08:20 EDTCMCSATop quality video content to outperform, says Pacific Crest
Pacific Crest predicts that companies with top quality video content will outperform, taking share from those with mid-range content. It identifies this trend as positive for Netflix, AMC Networks (AMCX), Time Warner (TWX), Disney (DIS), CBS (CBS), and 21st Century Fox (FOXA). According to the firm, this trend is negative for Viacom (VIAB), Scripps Networks (SNI), Discovery (DISCA), and Comcast (CMCSA)
08:14 EDTTWC, CMCSAOutlook for video distributors mixed, says Pacific Crest
Pacific Crest believes that the shift to Internet video will accelerate, likely creating high profits for "the largest and most differentiated" TV distribution players. It identifies current trends as positive for Netflix (NFLX), Google (GOOG, GOOGL) and Apple (AAPL). It predicts that Comcast (CMCSA), DISH (DISH), AT&T (T), Time Warner Cable (TWC), and Verizon (VZ) will be hurt by the current trends.
October 8, 2015
15:42 EDTTWCCogent, Time Warner Cable enter interconnection agreement
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October 7, 2015
15:14 EDTCHTR, CMCSA, CMCSKAmazon considering possible online service for live TV, Bloomberg says
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15:00 EDTCMCSA, CMCSKAmazon exploring potential online TV service, Bloomberg says
Amazon (AMZN) is said to have reached out to CBS (CBS) and Comcast's (CMCSA) NBCUniversal about online TV, according to Bloomberg.
08:02 EDTCMCSK, CMCSACiti, NBC's TODAY announce multi-year sponsorship
Citi (C) and NBC's (CMCSA) TODAY announced the Citi Concert Series on TODAY, to provide year-round opportunities for millions of Citi customers, TODAY viewers and fans to enjoy live performances by their favorite artists. This new multi-year sponsorship brings together Citi's and TODAY's decades of experience in live entertainment working with thousands of chart-topping artists.
05:58 EDTCMCSAHulu renews, expands programming deal with Viacom, Deadline Hollywood says
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September 30, 2015
17:53 EDTCMCSK, CMCSANBCUniversal reaches advertising deal with YouTube, WSJ says
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17:04 EDTTWCEarthLink, Time Warner Cable extend high-speed service agreement
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13:33 EDTCMCSK, TWC, CHTR, CMCSAFCC review of Charter-TWC deal likely to extend into 1Q16, CTFN says
The FCC's review of Charter Communications' (CHTR) proposed merger with Time Warner Cable (TWC) and Bright House Networks will likely extend into the first quarter of 2016 and could take even longer, CTFN reports, citing an attorney who often deals with telecom issues before the FCC. "...It is virtually impossible for the FCC to complete its review and adopt an order approving the license transfer before 1Q16 and, in my opinion, even getting it done before April 1 is a stretch," Barbara Esbin, a partner at law firm Cinnamon Mueller, told CTFN in an email. Esbin also said that the merger "appears to have drawn none of the heavy flack that felled Comcast (CMCSA)-TWC," a proposal that was nixed by the FCC and DOJ earlier this year, the report says. California utility regulators are also preparing for their own review of the deal since it will particularly effect the southern half of the state, the report says. Reference Link
September 29, 2015
12:57 EDTTWC, CHTRFCC nod for TWC, Charter deal may not be as easy as expected, dealReporter says
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11:09 EDTCMCSA, CMCSKGoPro announces launch of channel on Comcast Watchable
GoPro (GPRO) announced it's bringing the GoPro Channel to Watchable, Comcast's (CMCSA, CMCSK) new, cross-platform video service. GoPro's first Multichannel Video Programming Distributor agreement will deliver GoPro content to users on iOS,, and X1. Launching in beta, all Watchable content is free, the company stated.
11:05 EDTCMCSAComcast launches video platform Watchable, Business Insider reports
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