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CMCSA Market Currents
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Wednesday 1:08 PM A panel of sports TV execs see the prices for the rights to televise major sports events continuing to rise - a sentiment that seemingly flies in the face of word that Comcast will lose money on the London Olympics and GM will opt out of Super Bowl advertising. The rationale behind the hefty premium is that live sports programming delivers a highly-targeted audience and is fast becoming the last bastion of appointment viewing with digital recording of popular shows growing.
Comment![Consumer]
- Wednesday 12:58 PM The FCC is exploring whether online video sites such as Hulu and YouTube (GOOG) should be governed by the same rules as traditional pay-TV providers. Any move in this direction could have huge implications, potentially giving video sites the right to carry channels content owners have been unwilling to license (and thus representing major new competition for traditional providers), while also requiring them to carry less popular content. [Tech, Consumer]
- Wednesday 11:11 AM Disney (DIS -0.8%) CEO Robert Iger says the firm will pull the plug on programming if Dish Network's (DISH -1.0%) commercial-skipping service takes off as he dangles Dancing with the Stars as a potential high-profile casualty. While it's very early in the fight, the question of the survivability of commercial-laced TV programming has to be raised with the coming onslaught of original programming from players such as NetFlix, Amazon, Yahoo, Google, Hulu, and others that go lighter on the ads. [Consumer]
- Wednesday 8:29 AM Comcast's (CMCSA) NBCUniversal plans to boost its online coverage of the London Olympics by 3K hours as it moves off of a strategy of holding back from broadcasting events until prime-time slots. NBC execs now see live streaming during the morning and afternoon hours as helping to promote evening programming - instead of cannibalizing it by providing spoilers for the results of key events. The big picture: The latest forecasts still tag Comcast with a loss over its $1.18B investment in the London Games. [Consumer]
- Tuesday 3:10 PM Are cable companies lining up for a money grab? Word out of DC is that FCC chief Julius Genachowski backs a pay-for-play Internet fee model, which he claims would raise efficiencies in the market. Cable providers have already been tossing around the idea of charging customers based on Internet usage, instead of a flat fee - with Comcast (CMCSA +1.1%) going as far as saying it will test the model in two U.S. cities. [Consumer]
- Tuesday 2:04 PM The National Association of Broadcasters files a federal court appeal to prevent new rules from being implemented that require political ad sponsors to be identified online. The big 4 networks - owned by Disney (DIS), CBS, News Corp. (NWSA), and Comcast (CMCSA) - argue public disclosure of their information and advertising rates gives an unfair advantage to cable and Internet rivals unaffected by the legislation. [Consumer]
- Tuesday 12:05 PM InterActiveCorp-backed (IACI +1.1%) Aereo succeeds in getting an unfair competition claim that was part of a lawsuit attempting to shut down its $12/month local TV streaming service dismissed. A ruling is still pending on a copyright infringement claim. Broadcasters such as CBS, ABC, NBC, and Fox accuse Aereo of depriving them of retransmission fees from pay-TV providers (ed: the pay-TV providers aren't thrilled about paying for content that's aired for free). [Tech, Consumer]
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Company Description
We are a leading provider of video, high-speed Internet and phone services (“cable services”), offering a variety of entertainment, information and communications services to residential and commercial customers. As of December 31, 2009, our cable systems served approximately 23.6 million video... More