|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's Range||43.26 - 44.08|
|52 Week Range||32.61 - 47.27|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||16.32|
|Earnings Date||Jan 21, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||0.84 (1.93%)|
|1y Target Est||51.53|
The streaming landscape is in the midst of an arms race that The Walt Disney Co. is only escalating with the arrival of Disney+.
Under the agreement, current Mets owners — Fred Wilpon and Jeff Wilpon — will remain in their positions for five years, per the WSJ.
Comcast’s Xfinity Communities today continued the momentum of its successful trials by officially unveiling WiFi Ready, an offering where Comcast preinstalls wireless modems in multifamily units. New residents can now purchase and activate their Internet service upon move-in for immediate WiFi access. WiFi Ready, which has been successfully trialed at properties from coast to coast, removes a major pain point of scheduling and waiting for a service appointment for residents and property managers.
Comcast Corporation today announced it will host an Investor Meeting on Thursday, January 16, 2020, at 4:00 PM to discuss NBCUniversal’s plans for its new Peacock streaming service, including the overarching strategy for the platform.
The following are the top stories on the business pages of British newspapers. - Pakistani property developer Malik Riaz Hussain has agreed to surrender a total of 190 million pounds ($243.77 million), as part of the largest asset recovery settlement ever recorded by the National Crime Agency. - Institute for Fiscal Studies warned that Labour's plan to renationalise large chunks of the economy risks years of disruption that could delay Britain's transition to a low-carbon economy.
Comcast broadband subscribers will now be able to communicate with customer service representatives using American Sign Language, the Philadelphia-based company announced Tuesday, a move that it said is a first in the cable industry and continues its focus on making products more accessible to customers with different abilities and backgrounds. As part of a partnership with Connect Direct, a subsidiary of the Communication Service for the Deaf, Comcast is rolling out "ASL Now," which will give customers who communicate with sign language the ability to use a video chat to sign with a service representative through a desktop or mobile phone. Connect Direct manages the call center as a third-party customer service provider, in collaboration with Comcast, and all representatives will be deaf individuals who are fluent in ASL.
A quarter of the way through the 2019-20 campaign, average viewership has increased from 76,056 to 104,225 compared to last season.
Comcast and Connect Direct today launched a customer service program for the deaf community in American Sign Language, called ASL Now.
Sky is to build a studios complex just north of London, creating 2,000 jobs and ramping up its battle with streaming services Netflix and Amazon Prime. The pay-TV and broadband company that was bought by Comcast last year for £30bn has chosen Elstree, home to one of Britain’s oldest and largest film and television production sites, as the location for its new European hub. Gary Davey, chief executive of Sky Studios, said the new production hub would be among the biggest and most advanced facilities of its kind in Europe.
Disney+ has sparked a strong rally in Disney shares. But, now that Disney trades with its highest P/E multiple in 15 years, it's time to think about buying another blue chip media name: Comcast.
Comcast unit Sky said it will develop a new studio in Elstree, which is north of London. Sky said the new TV and film studio would result in more than 2,000 new jobs and £3 billion ($3.9 billion) in production investment over five years. Sky said the studio is expected to open in 2022 and will have 14 sound stages covering 20,000 square feet.
(Bloomberg Opinion) -- The ability of the world’s biggest sports competitions to keep making more money could depend on one relatively mundane factor: broadband networks’ capacity to live-stream games to millions of households.The biggest test so far will come this week with Amazon.com Inc.’s broadcast of 10 Premier League matches. The broadcast revenues from England’s flagship soccer competition have started to plateau as television stations grow wary about writing outsize checks to obtain the rights. In response, the league has solicited U.S. tech giants in an effort to reinvigorate the bidding war for rights.Their entreaties have so far largely fallen on deaf ears. That is, until Amazon agreed to buy a relatively small package of Premier League games in June 2018. But Amazon’s interest fell short of creating a bidding war. The e-commerce giant is understood to have paid very little for the privilege of streaming 10 games this week and another 10 after Christmas. The intention was instead to whet Amazon’s appetite. If the broadcasts prove successful — which in Amazon’s case means signing up a host of new subscribers for its Prime service — then it might encourage the Seattle-based firm to bid for the bigger packages of games currently held by Comcast Corp.’s Sky division and BT Group Plc.The timing of the games is of course opportune for Amazon, coming shortly before Christmas. When users sign up for Prime Video, the service that will broadcast the games, they will also get access to the broader suite of Prime offerings, including Prime Delivery, which promises faster and free deliveries of products bought via Amazon.com. Prime subscribers spend an average of $1,400 a year on the website, compared to the $600 of other customers, the research firm Consumer Intelligence Research Partners estimated last year.The challenge for Amazon is that it will be largely dependent on the U.K.’s broadband infrastructure to distribute the games, and that network is not fundamentally designed to support video live-streaming. While it has subcontracted BT to supply the feed to pubs and bars, ordinary households will use their existing internet connections. That may not make for pretty viewing as the U.K. has the fourth-lowest penetration of fiber-optic broadband in the European Union.Prior experiences have surfaced a welter of problems. Amazon’s first foray into sports broadcasting in the U.K. prompted a slew of complaints, partly to do with the editorial standards, but also to do with picture quality, a far more significant concern given the scale of the Premier League soccer challenge. YouTube TV’s live-stream of last year’s World Cup semi-final between England and Croatia crashed in the U.S., and AT&T Inc. ended up providing a pay-per-view golf match between Tiger Woods and Phil Mickelson free after experiencing glitches. And while Amazon has shown National Football League games, the rights were shared with other classic broadcasters, reducing the network demand.An examination of the Premier League’s viewership highlights the extent of the risks. A match in August 2018 between Manchester United and Leicester City attracted some 1.1 million viewers on Sky, according to the Broadcasters’ Audience Research Board. Just 72,000 of those watched the game via a mobile device — the most readily available proxy for live-streaming. Even the England-Croatia game drew in just 337,000 viewers using mobile devices. On Dec. 4, Amazon will concurrently broadcast six games, each of which could have several hundred thousand viewers.Top of the list will be Liverpool versus Everton — a derby game of two sides from the same city, and therefore likely to create a demand peak in a relatively concentrated area. The match kicks off 45 minutes after the others, which could be construed as a move to try to spread the demand on the network.There are ways Amazon, with its deep cloud-computing expertise, can alleviate potential problems, not least by leaning on other content delivery network specialists such as Akamai Technologies Inc., whose additional servers can make it easier to handle peaks of demand. But even if the picture quality is up-to-scratch, there is always likely to be a lag which could prompt complaints. When Twitter Inc. broadcast NFL games in 2016, a 30- to 90-second lag meant that viewers often saw the score in a tweet before watching the play itself.It is easier for Amazon to justify spending more to deliver the content than it will generate from the subscriptions themselves, because it will make more money in the long-term from customers buying more products from Amazon.com. But if things go badly wrong, then it will play into the hands of Sky and BT, who have years of experience with live sports broadcasting, and control much of the underlying network.If there’s no big uptick in subscribers for Amazon this time around, and the games are beset by technical snafus, that’ll make it harder to attract more viewers — and thus more subscribers to Prime Video — over the next two years for which it has the rights. That could end hopes that Amazon or any other tech giant will be willing to bid serious money for the games anytime soon.To contact the author of this story: Alex Webb at email@example.comTo contact the editor responsible for this story: Melissa Pozsgay at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") says Charter Communications, Inc.'s ("Charter" or "the Company") Ba2 Corporate Family Rating, and all instrument ratings, are unaffected by the add-on's to the 4.8% senior secured notes (maturing 2050) outstanding at Charter Communications Operating, LLC (CCO) and 4.75% senior unsecured notes (maturing in 2030), outstanding at CCO Holdings, LLC (CCO Holdings). Moody's views the transaction as credit neutral. While the transaction, holding all else constant, is likely to initially lift the leverage ratio by approximately .1x, Moody's expects the proceeds from the note offerings will be used repay future maturities over the next 12 months, with the funds temporarily held in cash until then.
Roku Inc.’s stock surged more than 400% through the first 11 months of the year, but Morgan Stanley analyst Benjamin Swinburne is concerned that it’s about to head in reverse.
As U.S. corporate jet use approaches pre-financial crisis levels and chief executives take an increasing number of personal trips on the company tab, many investors are being kept in the dark about the true cost of the perk. For the S&P 500 companies that pay for their CEOs to use corporate jets for private trips, the estimated median value of that flying climbed 11 percent last year to $107,286 from $96,532 in 2017, according to the latest available figures from compensation research firm Equilar Inc. That is up 27 percent from $84,636 in 2007, the year before the financial crisis. The estimates are often based on what a first-class seat would have cost on a commercial flight rather than on the true, much higher cost of using a corporate jet.
The third quarter 2019 results are in for AT&T; (T), Comcast Corp. (CMCSA) and Verizon (VZ) and the key takeaway is that the "Big Three" of US communications are still building wealth and selling cheaply, asserts Roger Conrad, editor of Conrad's Utility Investor.
Channel 7's deep bench of talent continues to work to keep the station well out in front of its nearest rival, Channel 5, in late local news ratings.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Silver Lake Management’s expensive foray into British soccer reflects the soaring value of live matches in the streaming era and the potential for new apps to cash in on the global following of teams like Manchester City.The U.S. private equity firm is buying just over 10% of City owner City Football Group Ltd. for around $500 million, the companies said Wednesday. At that price, City Football would be valued at $4.8 billion, based on simple math. But Silver Lake acquired preferred shares in the transaction, which would normally demand a premium, so the real valuation may be lower, according to people familiar with the matter.In any case, the deal puts City Football, controlled by Abu Dhabi’s royal family, among the highest-priced professional sports organizations. It lit a spark under shares of City’s crosstown rival, Manchester United Plc, which jumped as much as 14% in New York trading Wednesday. That’s the biggest intraday gain since the team’s 2012 listing, and gives the company a market capitalization of about $3 billion.Silver Lake is best known for tech investments such as Dell Technologies Inc. and China’s Alibaba Group Holding Ltd., and could bring that expertise to the English Premier League club. The firm is also well versed in sports through its stake in Madison Square Garden Co., the owner of New York’s Knicks and Rangers.While the big clubs still make most of their money from broadcast rights and merchandising, they’re looking for ways to use technology to sell privileged access to fans.Some have developed apps showing exclusive content such as player interviews, short documentaries, press conferences and even match highlights. A platform developed recently by London’s Chelsea Football Club found an enthusiastic audience.Manchester City demonstrated the potential value of behind-the-scenes content last year when it partnered with Amazon.com Inc.’s Prime Video streaming service for an eight-part documentary charting the path to its 2018 title win.“There are large international audiences and fan bases for Premier League clubs, particularly in Asia,” said Richard Broughton of Ampere Analysis. “There is potentially a large and arguably under-served opportunity outside the U.K. -- albeit at a lower price point.”The bigger teams will have to tread a careful path, offering enough to entice fans without upsetting the leagues that bring them TV revenue.Prized ContentIncome from sports broadcasts has been surging since media companies latched onto the live events as one of the remaining ways to bring in advertisers, which are increasingly moving online. The emergence of the big U.S. streaming platforms in rights contests has helped to buoy valuations for the most sought-after content.The Silver Lake deal values the business among some of the world’s top sports names including the New York Yankees baseball team, worth $4.6 billion, and basketball giants the New York Knicks, at $4 billion, according to Forbes estimates.While Manchester United’s market capitalization might be lower than the new Man City valuation, “any bid by a company wanting immediate exposure in Asia would generate a significant premium if the controlling Glazer family ever decided to sell,” said John Tinker, a media analyst at Gabelli & Co., referring to United’s owner.KPMG valued Manchester City at $2.8 billion in May, though that estimate didn’t include City Football’s other teams, such as New York City FC and Melbourne City FC.“Then you have to take into account any synergies the buyer might have with the asset,” said Andrea Sartori, global head of sports at KPMG. “And then there’s a strong branding factor, given the exposure associated with a football club.”Few TV shows can match the audience pulling power of a big live sporting clash. Manchester City was the world’s fifth-highest revenue-generating soccer club in the 2017-18 season, according to a study by Deloitte, following a strong run of success in domestic and European competitions.Comcast Corp.’s European pay-TV unit Sky has said recent Premier League audiences were 23% higher than last season.“We remain very optimistic for continued increases in global football broadcast rights,” said Manchester United Vice Chairman Ed Woodward in an earnings call with analysts last week.Private-equity investors have long been drawn to sports clubs and agencies. Last year, Apax Partners agreed to acquire data and technology company Genius Sports, fresh on the heels of a purchase by Canada Pension Plan Investment Board and private equity firm TCV of a minority stake in Sportradar AG, another sports data analysis firm. Providence Equity Partners sold its interest in Major League Soccer’s media and marketing arm back to the league in 2017, tripling its initial investment in Soccer United Marketing.Silver Lake is plowing more money into sports and entertainment, including an investment in Endeavor Group Holdings Inc., which runs sports leagues, hosts fashion events and represents top athletes and entertainers.City Football Group plans to use the deal funds to expand its business overseas and develop technology and infrastructure assets, according to a statement. No existing shareholders sold their stake, and Abu Dhabi United Group remains the majority shareholder.\--With assistance from Joe Easton.To contact the reporters on this story: David Hellier in London at email@example.com;Scott Soshnick in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, ;Nick Turner at firstname.lastname@example.org, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today is a new day for Kathie Lee Gifford. “That huge beautiful memory-filled home was like a morgue to me,” Gifford told the the Tennessean in an interview. So she recently moved to Franklin, Tenn. — a city about 20 miles south of Nashville. “I moved here because I was dying of loneliness,” she told the publication.