About the Company
Comcast Corporation, formerly known as Comcast Holdings, is an American multinational mass media, telecommunications, and entertainment conglomerate. Headquartered at the Comcast Center in Philadelphia, the company was ranked 51st in the Forbes Global 2000 in 2023. It is the fourth-largest telecommunications company by worldwide revenue, after Deutsche Telekom, China Mobile, and Verizon. Comcast is the third-largest pay-TV company, the second-largest cable TV company by subscribers, and the largest home Internet service provider in the United States. It owns and operates the Xfinity residential cable communications business segment and division; Comcast Business, a commercial services provider; and Xfinity Mobile, an MVNO of Verizon Communications. The company is also the nation's third-largest home telephone service provider, serving residential and commercial customers in 40 states and the District of Columbia. Comcast has owned NBCUniversal and its various mass media subsidiaries since 2013. It is a high-volume producer of films for theatrical exhibition and television programming through its film studios: Universal Pictures, DreamWorks Animation, Illumination, and Focus Features. Its over-the-air national broadcast network channels include the National Broadcasting Company (one of the US' Big Three television networks), Spanish-language channels Telemundo, TeleXitos, and Universo, television stations like Cozi TV, multiple cable-only channels such as MSNBC, CNBC, USA Network, Syfy, Oxygen True Crime, Bravo, and E!. NBCUniversal also works in news (NBC News and Noticias Telemundo) and sports (NBC Sports and Telemundo Deportes), bolstered by its 1996 acquisition of professional sports company Spectacor. It owns the video-on-demand streaming service Peacock; its holdings in digital distribution include thePlatform, acquired in 2006; and ad-tech company FreeWheel, acquired in 2014. Comcast has been the parent company of Sky Group since 2018, when it dropped out of the running to buy 21st Century Fox, Sky's then-largest shareholder, and instead acquired the company from Fox and other shareholders. The company operates theme parks under its Universal Destinations & Experiences subsidiary. Comcast is criticized and put under intense public scrutiny for a variety of reasons. Its customer satisfaction ratings were among the lowest in the cable industry from 2008 to 2010. It has violated net neutrality practices; it has offered a commitment to a narrow definition of net neutrality that critics say ignores the difference between Comcast's private network services and the rest of the Internet. Critics also note a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers. Given its negotiating power as a large ISP, some suspect that it could use paid peering agreements to unfairly influence end-user connection speeds. Comcast's ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns that scuttled the company's 2014 effort to acquire Time Warner Cable. Comcast was dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014.
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Nasdaq
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Latest News on COMCAST CORP
MSNBC will change its name after Comcast split
MSNBC is being renamed after parent company Comcast spins the cable news channel off into a separate corporate entity later this year. The left-leaning channel will be known as MS NOW once it becomes part of Versant, a new company, and is no longer associated with NBC News, staffers were told Monday.
MSNBC changing name to MS NOW after corporate split from NBC
MSNBC will change its name to MS Now and lose its peacock logo later this year as part of its split from parent company NBC Universal.
Comcast Gets Serious About Customer Losses — A Long Fight Looms
Comcast Corp. has a problem — the company is losing customers in its most significant business, providing internet access to nearly 30 million American households.
How Comcast is trying to turn around its internet customer exodus
The company has been touting price guarantees for internet customers and a free mobile line, while continuing to invest in theme parks, movies, and streaming.
TD Cowen Backs Comcast (CMCSA) on Strong Q2 and Diversified Growth
Comcast Corp. (NASDAQ: CMCSA) is one of the best defensive stocks to invest in according to analysts. On August 1, TD Cowen analyst Gregory Williams reiterated his Buy rating on Comcast and raised the price target to $46 from $45, following the company’s better-than-expected second-quarter results.
DEI Chatter Plummets Among Previously Vocal Corporate Advocates
Companies that touted their DEI programs in the first part of this decade have largely gone dark on the issue—at least publicly.
Comcast Corp. Cl A stock outperforms competitors on strong trading day
Shares of Comcast Corp. Cl A CMCSA rose 1.67% to $33.45 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.08% to 44,946.12 and the S&P 500 Index SPX falling 0.29% to 6,449.80.
Comcast admits it is 'not winning' in fight to stanch broadband ...
Comcast Corp. admits it's got a problem. Shares of the internet, media and theme-park giant were plunging on Thursday after the company reported steeper broadband-subscriber losses than expected.
Comcast Corporation (CMCSA) Is a Trending Stock: Facts to Know Before Betting on It
Comcast (CMCSA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this cable provider have returned -5.
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