Chieftain Capital Management may have a future in copywriting—the owner of 60.5mln Comcast shares described the MSO’s management and board supervision as a "Comcastrophe"— but the cable giant continues to believe that its outlook remains bright. "Comcast continues to perform well, consistently delivering superior revenue and cash flow growth and significant free cash flow, despite a challenging economy and an increasingly competitive environment," said the MSO in response to Chieftain’s call for CEO Brian Roberts ‘ ouster. Comcast shares slid 2.18% Fri to close at $17.03. — Grande Comm has engaged Waller Capital to assist in exploring strategic alternatives to enhance shareholder value, including a possible sale. — Standard & Poor’s has removed EchoStar Comm from its CreditWatch following its recent split into 2 entities. S&P maintained EchoStar’s "BB-" corporate credit rating with a stable outlook.

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Wednesday–July 2

Paramount’s Reason for Settling Trump Lawsuit

With news breaking overnight of Paramount Global’s $16 million settlement of President Trump’s “60 Minutes” lawsuit, the company couldn’t ignore the elephant in the room during its annual shareholder meeting Wednesday.

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