Latest in Comcast

Chairman-CEO Brian Roberts and other top executives at Comcast will donate 100% of their salaries to charities supporting COVID-19 relief efforts as the media giant commits $500 million to support employees with continued pay and benefits, according to a memo Roberts sent to staff on Wednesday. "Across our businesses…

Fox and Comcast Wednesday announced a long-term renewal of their distribution agreement for Fox's full portfolio of channels, including retransmission consent for the Fox Television Stations to Xfinity customers. The renewal covers distribution of the Fox Television Stations, Fox News Channel, Fox Business, FS1, FS2…

As tech companies look for ways to help during the Coronavirus pandemic the key thing many can offer is connectivity. Comcast, the nation’s biggest broadband provider will provide free Xfinity WiFi hotspots located in businesses and outdoor locations across the country for anyone – including people who don't or can’t…

ViacomCBS is the latest media conglom to tap the debt market, announcing plans to raise $2.5 billion by selling notes. Disney raised $6 billion last week and Comcast $4 billion earlier this week as companies in – relatively – strong positions look to build up a cash cushion against the uncertain economics of a…

Comcast has raised $4 billion from the sale of debt securities, according to an SEC filing in the midst of an escalating economic crisis, following Disney, which raised $6 billion last Friday. “This goes to the saying that use raise money when you can, not when you need it. Disney and Comcast are the two strongest…

UPDATED, with comment from Byron Allen: The Supreme Court sided with Comcast over Byron Allen in his racial discrimination case against the cable giant, ruling that in order for his lawsuit to survive, he bears the burden of showing racial discrimination was the “but for” cause in the cable giant’s refusal to carry…

EXCLUSIVE: Sky has shut down filming on Season 3 of Britannia — making it the Comcast-owned pay-TV outfit’s first major production casualty of the coronavirus chaos. The historical drama produced by Neal Street Productions and Vertigo Films will take a break for an unspecified period of time as Sky prioritizes the…

UPDATED with closing numbers: The stock market had one of its best days Friday after one of its worst the day before, with the Dow Jones Industrial Average up by almost 2,000 points, or 9.36%. Investors have been killing stocks as the coronavirus pandemic threatens global growth and the health of U.S. companies with…

Comcast, AT&T, Charter, Verizon and dozens of other internet providers have pledged to keep customers connected even if they cannot pay their bills because of the disruptions caused by the coronavirus. FCC Chairman Ajit Pai unveiled a list of ISPs who have committed to keeping service active at least for the next 60…

UPDATED with comments on Olympic advertising: Dan Lovinger, EVP, Ad Sales, NBC Sports Group said the division recently surpassed $1.25 billion in national advertising for the upcoming summer Olympics in Tokyo, which exceeds sales total for Rio in 2016 and has set a new Olympic record. In statement Tuesday afternoon he…

Fox Corp. said it will be skipping the Morgan Stanley Technology, Media & Telecom Conference where Lachlan Murdoch was scheduled to present Wednesday. It said the decision "was made out of an abundance of caution due to evolving public health concerns regarding COVID-19." Facebook COO Sheryl Sandberg and CFO David…

President Donald Trump went after Comcast during a White House meeting on empowering African Americans. During a meeting in the Cabinet Room with prominent African American media and sports figures, Trump noted that an NBC News reporter had left the room. “She just left from NBC because it’s owned by Comcast, and they…