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.

The Daily

Subscribe

Pivotal Raises Altice Target

After Altice delivered better-than-expected 3Q earnings on Thursday, Pivotal Research raised its

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up