Key Developments: Comcast Corp (CMCSA.OQ)

CMCSA.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Comcast Corp Declares Quarterly Dividend
Wednesday, 23 Oct 2013 01:30pm EDT 

Comcast Corp declared a quarterly dividend of $0.195 a share on the Company's common stock. The quarterly dividend is payable on January 23, 2014 to shareholders of record as of the close of business on January 2, 2014.  Full Article

Comcast Corp Announces Partnership to Provide Startups and Entrepreneurs 1 Gigabit Ethernet Connection
Thursday, 10 Oct 2013 07:30am EDT 

Comcast announced that it is partnering with Minneapolis-based CoCo coworking and collaborative space to provide dedicated one-gigabit fiber network connectivity to CoCo's growing entrepreneurial community, including its downtown location in the historic Minneapolis Grain Exchange and a new Uptown site that opens today. The Comcast partnership gives CoCo members access to an entirely new level of Internet experience, once only available to larger businesses. The Comcast one-gigabit fiber connection is hundreds of times faster than outdated legacy technology and is symmetrical to provide equally fast upstream feeds, allowing the kind of bandwidth necessary to meet the demanding applications.  Full Article

Comcast Corp To Bid For Houston Sports Network If Court Forces Sale-Reuters
Monday, 30 Sep 2013 12:15pm EDT 

Reuters reported that Comcast Corp is prepared to bid if it can force a sale of the financially troubled, regional-sports network that carries the games of the Houston Astros baseball team and the Houston Rockets, the city's basketball team, court papers show. Affiliates of Comcast, which owns NBCUniversal, on September 27, 2013 filed for involuntary bankruptcy against Houston Regional Sports Network LP, and said in court papers the network should be put up for sale for the benefit of creditors. Comcast believes the network's assets have meaningful value, and would be prepared to make a bid to acquire either the network (under a plan of reorganization) or substantially all of its assets. The network has been locked in a dispute with cable and satellite television providers over how much it should receive per subscriber, which has limited the network's reach. Comcast, which loaned the network $100 million through an affiliate, also said it was prepared to provide the financing necessary to keep the network operating until the bankruptcy could be resolved. Creditors can put a company into bankruptcy involuntarily if they can prove the debtor is not paying its bills. The Company generally has about 20 days to respond to the filing.  Full Article

Comcast Corp's Comcast Cable And Time Warner Cable To Form RDK Management, LLC
Thursday, 15 Aug 2013 10:00am EDT 

Comcast Corp's Comcast Cable and Time Warner Cable announced that the formation of a joint venture, called the RDK Management, LLC, that will manage the Reference Design Kit (RDK) software being used in set-top boxes. The new company will be responsible for the RDK licensing, community support and training, as well as code management. Comcast will contribute RDK components into the new entity, including the RDK code and specifications, related intellectual property rights and associated contracts, including all of the current RDK licenses which will be transitioned to the RDK Management, LLC.  Full Article

Comcast Corp Declares Quarterly Dividend
Wednesday, 24 Jul 2013 02:00pm EDT 

Comcast Corp announced that its Board of Directors declared a quarterly dividend of $0.195 a share on the Company`s common stock. The quarterly dividend is payable on October 23, 2013 to shareholders of record as of the close of business on October 2, 2013.  Full Article

Comcast Corp Wins TV Tennis Suit-WSJ
Wednesday, 29 May 2013 06:07am EDT 

The Wall Street Journal reported that Comcast Corp has no obligation to distribute the independently owned Tennis Channel as widely as its own niche sports networks, a federal appeals court said, striking a blow against smaller cable channels hunting for viewers.  Full Article

Comcast Corp Declares Quarterly Dividend
Wednesday, 15 May 2013 01:20pm EDT 

Comcast Corp announced that Board of Directors declared a quarterly dividend of $0.195 a share on the Company`s common stock. The quarterly dividend is payable on July 24, 2013 to shareholders of record as of the close of business on July 3, 2013.  Full Article

Comcast Corp Increases Dividend By 20% To $0.78 Per Share On Annualized Basis And Plans To Repurchase $2 Billion Of Its Stock In 2013
Tuesday, 12 Feb 2013 04:32pm EST 

Comcast Corp announced that it increased its dividend by 20% to $0.78 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.195 a share on the Company's common stock, payable on April 24, 2013 to shareholders of record as of the close of business on April 3, 2013. Comcast also announced that it plans to repurchase $2.0 billion of its stock during 2013, subject to market conditions.  Full Article

Comcast Corp To Acquire General Electric's 49% Common Equity Ownership Interest In NBCUniversal
Tuesday, 12 Feb 2013 04:30pm EST 

Comcast Corp announced that it will acquire GE's entire 49% common equity stake in the NBCUniversal joint venture for approximately $16.7 billion. Also, NBCUniversal will purchase from GE the properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC`s headquarters in Englewood Cliffs, NJ for approximately $1.4 billion. The acquisition accelerates GE's divestiture ahead of a redemption period that would have begun in July 2014 and solidifies Comcast`s position as a media and technology company. The transaction is subject to customary closing conditions and is expected to close by the end of the first quarter of this year. The transactions will be funded with $11.4 billion of cash on hand, $4.0 billion of subsidiary senior unsecured notes to be issued to GE, $2.0 billion of borrowings under Comcast and/or subsidiary bank credit facilities and $725 million of subsidiary preferred stock to be issued to GE. Morgan Stanley was financial advisor to Comcast and Davis Polk & Wardwell LLP was the Company`s legal advisor.  Full Article

Fox and Comcast Corp Announce Comprehensive Programming Agreement
Tuesday, 12 Feb 2013 09:30am EST 

Comcast Corp and Fox Networks (FN) announced that they have reached an agreement for a new distribution pact to deliver Fox Broadcasting`s (FOX) and Fox Television Stations` (FTS) wide array of entertainment, sports and local news content to Comcast Xfinity TV customers across televisions, computers, smartphones, tablets, gaming consoles and internet-enabled televisions. The renewal supports the companies` mutual goal to deliver video content to customers across multiple platforms. The agreement provides video service to nearly 22 million Xfinity TV customers of both live and on demand programming from 20 FTS broadcast stations (13 Fox and 7 MyNet) as well as FX, FX Movie Channel, SPEED, FUEL TV, FOX Soccer, National Geographic Channel, Nat Geo Wild, MundoFox, Fox Deportes, and Fox Business Network. Financial terms were not disclosed. However, the agreement also includes a framework for both companies to continue to collaborate on new multiplatform offerings so that the companies can take advantage of new technologies and programming through the life of the deal, including Comcast`s advanced advertising and ad systems integration services.  Full Article


Comcast profit boosted by internet subscriber growth, NBC

- Comcast Corp's quarterly profit beat estimates as its high-speed Internet business added the most number of customers in six years and profitability improved at NBC Universal.

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