Comcast 1Q—Rate Hikes Affect Video Sub Losses, Net Income Rises
By | May 2, 2013
Cable was strong for Comcast (despite 1Q video losses falling below expectations), but NBC continues to be a drag. Still, even with ratings softness at NBC, there is hope. “After the recent buyout of GE, we see NBCU poised for potentially sizable long-term upside on traditional and nascent streams,” said S&P’s Tuna Amobi. And Macquarie’s Amy Yong wrote that she expects to see some improvement at NBC due to a stronger slate of programs in 2Q. More on Comcast’s financials here.
More top stories in today’s CableFAX Daily:
As widely anticipated, Pres Obama named Democratic commish Mignon Clyburn interim chmn, making her the first female chair in FCC history, and he appointed former NCTA and CTIA head Tom Wheeler as chmn. Analysts weigh in on what’s in store for the agency.
Coincidentally, streaming programming drew some questions at both Time Warner and Viacom’s earnings conference calls Tues.
