Profile
Sector:
Communication ServicesIndustry:
Telecom ServicesCountry:
United StatesIPO:
17 March 1980Website:
http://corporate.comcast.comNext earnings report:
24 January 2025Last dividends:
02 October 2024Next dividends:
08 January 2025Price
after hours | 3 min agoAnalysts recommendations
Institutional Ownership
CMCSA Latest News
After a few bumpy outings due to Covid and less-than-optimal host cities, the Olympics flourished last summer in Paris, with viewership gains and advertising records.
On Wednesday, Comcast Corporation (NASDAQ: CMCSA) revealed its intention to separate several key cable TV networks and digital assets into a new independent media company named SpinCo. This move represents a major change for the media giant.
Comcast is now separating its cable TV division. Conway Gittens mentioned that there was significant attention on retail on Wednesday.
Analysts at Bank of America think that Comcast Corporation's choice to separate its cable networks and some digital assets into a new company is a smart move. This could help the company face fewer regulatory challenges if it wants to merge with another big cable company in the future. On Wednesday, Comcast revealed plans to establish a publicly traded company, called SpinCo, which will include NBCUniversal's cable channels like USA Network, CNBC, MSNBC, Oxygen, and E!.
Comcast has announced today that they will be separating several of their cable networks. In their latest earnings report from last month, they mentioned they were thinking about creating a separate company for their cable assets.
After hinting at a big change a few weeks ago, Comcast officially announced today that it will separate most of its traditional cable networks into a new company. This includes well-known channels like CNBC, MSNBC, USA Network, and SyFy.
CNBC anchors seemed a bit worried when they reported that Comcast plans to separate the network. The media giant revealed it would form a new company for many of its cable channels.
Comcast plans to separate several of its cable TV networks, which used to be a key part of the company, as more people are choosing streaming services over traditional cable subscriptions.
Investors usually believe that spinoffs will result in better company valuations. However, one analyst raised doubts about whether this will happen for Comcast due to the decline of traditional media.
Cable networks used to be very important. However, with the rise of streaming services and people canceling their subscriptions, they are losing value.
What type of business is Comcast?
Comcast Corporation is a large international telecommunications conglomerate based in America. It was formed in 1969. Headquarters are located in Philadelphia, Pennsylvania. The company has several reporting segments: - Cable communications. - Cable networks. - Broadcasting television includes owned local broadcasting television stations NBC and Telemundo, national cable network NBC Universo, broadcast television production studios, and various digital properties, mainly including flagship websites. - Filmed entertainment consists of operations Universal Pictures. - Theme parks - Universal theme parks in Orlando (Florida); Hollywood (California); Osaka (Japan). - Sky - one of the leading European entertainment companies.
What sector is Comcast in?
Comcast is in the Communication Services sector
What industry is Comcast in?
Comcast is in the Telecom Services industry
What country is Comcast from?
Comcast is headquartered in United States
When did Comcast go public?
Comcast initial public offering (IPO) was on 17 March 1980
What is Comcast website?
https://corporate.comcast.com
Is Comcast in the S&P 500?
Yes, Comcast is included in the S&P 500 index
Is Comcast in the NASDAQ 100?
Yes, Comcast is included in the NASDAQ 100 index
Is Comcast in the Dow Jones?
No, Comcast is not included in the Dow Jones index
When was Comcast the previous earnings report?
No data
When does Comcast earnings report?
The next expected earnings date for Comcast is 24 January 2025