November 19, 20240 Comments

Comcast will announce the spinoff of cable networks Wednesday, CNBC source says

The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018. Mike Blake | Reuters Comcast is moving forward with the spinoff of its cable network channels, a person familiar with the matter told CNBC’s Julia Boorstin on Tuesday. The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the person said. The company

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November 8, 20240 Comments

Paramount Global misses revenue estimates on weak box office, cable TV declines By Reuters

(Reuters) – Paramount Global missed quarterly revenue estimates on Friday as a lack of big hits at the box office and declines in its cable business outweighed better-than-expected subscriber growth at its streaming service after the return of NFL content. Revenue at the TV media business, which includes CBS and MTV, fell 6% in the third quarter due to lower spending from advertisers, a drop in subscribers and absence of

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