Following Comcast’s announcement to acquire the rest of NBCU for some $16.7bln, the firm’s financial chief Michael Angelakis called the price “fair” and “a very good deal” for both GE and NBCU during the earnings conference call Wed. Comcast is pleased with the price and how the transaction’s structured. Execs said they also expect programming expenses to increase at low double-digit rates, because of continued expansion of rights to multiple platforms, additional channel launches, continuing increases in sports costs, retrans fee increases and step-ups for recently completed long-term agreements. Read on for how Comcast plans to offset these costs.
More top stories in today’s CableFAX Daily:
It was an eventful Tues night for cybersecurity. The long-awaited Cybersecurity Executive Order was signed by President Obama late Tues before his State of Union address, during which he urged Congress to pass cybersecurity legislation.
FCC chmn Julius Genachowski will announce a digital literacy effort today as part of a national initiative to close the broadband gap.