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.
 
Fox News came out on top in the ratings for President Obama’s State of the Union address Tues night. More details here.

The Daily

Subscribe
Thursday–September 18

Kimmel Flashpoint: Some Talking, Some Quiet as Censorship Claims Swirl

There has been plenty of venting on all sides over ABC’s decision to take “Jimmy Kimmel Live” off the air indefinitely and replacing it (at least for this week) with “Celebrity Family Feud.”

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

Jobs

Seeking an INDUSTRY JOB or hiring for one?
VIEW JOBS

In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors. The result will be an even more robust industry job board, to help both employers and job seekers.

Contact us at marketing@cynopsis.com, for more information about posting a job on the website and our Jobs newsletter, sent twice weekly to 85,000 media professionals.