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Before NBCU Considered Spinning Off Cable Networks, It Shut Many Down

Unlike its rivals, NBCUniversal long ago developed a healthy fear of zombies. Not the shambling, undead kind that lurch around trying to eat brains, but rather the media variety: β€œUndead” cable networks that long ago gave up all hopes of cultivating audiences around the clock and instead run only a few hours of original programming, […]

Comcast Exploring Spinoff of NBCU Cable Networks Into New Company

Comcast, amid the upheaval in the TV biz caused by cord-cutting, is considering spinning off NBCUniversal’s portfolio of cable networks into a new publicly traded company. Comcast president Mike Cavanagh announced the exploratory plans on the conglomerate’s Q3 2024 earnings call. NBCU’s cable networks include Oxygen True Crime, Bravo, MSNBC, CNBC, USA Network, E!, Syfy, […]

Comcast Gets Q3 Olympics Boost, Adds 3M Peacock Subs Amid Challenges in Broadband, Theme Parks

Comcast found a way to get it past its usual challenges of consumers leaving its cable offerings and getting people to visit its theme parks: the Olympics. This summer’s extravaganza from Paris helped the cable-and-entertainment conglomerate power its way past some of its business issues, with overall revenue up 6.5% to $32.07 billion compared to […]

NBCUniversal International Posts Record Pre-Tax Loss Following $130 Million Write Down on Investments

NBCUniversal International has posted a record pre-tax loss following a write down of Β£99,297,000 ($130 million), its latest accounts show. The accounts, which were filed at U.K. business registrar Companies House last week and cover the 12 month period up to Dec. 31, 2023, were accompanied by a report that said: β€œFollowing an assessment of […]

NBCU Olympics Ad-Sales Chief Dan Lovinger to Exit in Restructuring

Dan Lovinger, who supervised an increasingly complex Olympics ad-sales effort for NBCUniversal and delivered what is believed to be a record level of Madison Avenue sponsorship for the recent Paris Olympics, is leaving the company as it seeks to revamp its efforts to lure advertisers to sports. NBCU in 2022 assigned Lovinger to a new […]

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