Latest in Comcast

NBCUniversal parent Comcast Tuesday went live with Comcast RISE, a program to help minority-owned small businesses hit by COVID-19 that offers grants, equipment, internet access, commercial production, free ads and marketing advice. It's part of a broader $100 million initiative the conglom announced in June. Comcast…

Revolt, the music-oriented cable network launched by rapper-turned-entrepreneur Sean “Diddy” Combs, is gaining distribution in new and existing markets through a new carriage deal with Comcast’s Xfinity TV. Comcast, a key distribution launch partner of the network in 2013, said it will be added in high-definition to…

Shares of Comcast jumped Tuesday after activist investor Nelson Peltz’ firm Trian Partners said it’s acquired a stake in the media giant and considers it undervalued. The stock was up nearly 3% in a flat-to-down market late morning. Trian has acquired 20 million shares — or an 0.4% stake — in the NBCUniversal…

The top media analyst at big credit ratings agency Moody's said the SVOD world is splitting into two tiers and that smaller players like Discovery, AMC Networks and Lionsgate are "probably going to  need to partner up in some fashion or be acquired … to achieve the girth necessary." If not, said Moody's Neil Begley…

Comcast CEO Brian said Peacock signups have surged 50% in six weeks and the app is the second most popular on its OTT product Xfinity Flex behind Netflix, and number three on Xfinity X1 behind Netflix and YouTube. Peacock launched in April for Comcast customers and nationally in mid-July. In a wide-ranging…

With many U.S. schools in distance-learning mode due to COVID-19, Comcast has announced a newly expanded program aiming to get low-income students online. The Internet Essentials Partnership Program, which began as a response to the pandemic in the spring, is aimed at helping kindergarten through 12th grade students…

NBCUniversal parent Comcast said Tuesday it’s raising $4.5 billion in fresh cash by selling three tranches of notes and will use net proceeds from the offering entirely to refinance outstanding debt. Interest rates on the new bond sales, of $1.75 billion, $1.5 billion and $1.25 billion, are, respectively 1.5%, 2.45%…

Comcast has quietly abandoned plans to tap into the news resources at NBC and its British pay-TV broadcaster Sky to launch an international television news channel, named NBC Sky World News. NBC News sources told Deadline that ambitions to premiere the channel over the summer have been shelved amid the coronavirus…

NBCUniversal is beginning layoffs as it carries out a planned restructuring designed to emphasize its streaming operations. CEO Jeff Shell confirmed the overhaul was coming last week during Comcast’s second-quarter earnings call, but he didn’t mention any specifics or timeline. A person close to the company confirmed…

As talks continue with Gabrielle Union over the former America’s Got Talent judge’s racial discrimination claims, NBC Entertainment chairman Paul Telegdy has become the subject of an internal investigation into allegations of professional misconduct. On top of allegations made in recent months against the exec by…

The market fell Thursday on a plunge in second-quarter economic growth, a glum outlook from the Federal Reserve and the second week of rising unemployment claims since the summer COVID surge – with California again clocking the most newly jobless. Congress and the White House meanwhile were struggling to hash out the…

Peacock, the ad-supported streaming service launched by NBCUniversal in April, has drawn about 10 million signups to date, Comcast reported Thursday. While the company did not expand on that number or offer additional stats, it said view time and engagement levels are ahead of internal projections. NBCU chief Jeff…