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As it continues to feel the squeeze on its broadband and pay-TV operations, Comcast executives said Thursday that the company will take a $1 billion charge for the current fourth quarter that will include layoffs as part of an ongoing revamp of its core connectivity business of broadband, pay-TV and wireless. The media giant flagged […]

Comcast chairman and Co-CEO Brian Roberts said staffers are eagerly anticipating the forthcoming split of NBCUniversal from the company’s broadband, pay-TV and wireless division. “Really, there’s an energy and excitement with the proposed separation in both organizations,” Roberts told Wall Street analysts Thursday at the end of the company’s third-quarter e

Comcast is gearing up for significant job cuts in its cable and telecom business in the coming weeks, as the media conglomerate restructures ahead the expected spin-off of NBCUniversal in 2027. On the company’s third-quarter 2026 earning call, CFO Jason Armstrong said Comcast expects to take a restructuring charge of more than $1 billion in […]

Odysseus and his intrepid crew sailed through Comcast’s latest quarter as Universal surpassed $5 billion at the global box office, led by the The Odyssey, now Universal’s highest-grossing film of all time. The Christopher Nolan smash based on Homer’s epic has grossed nearly $1.9 billion worldwide since its July opening and set all sort of […]

Comcast is in the process of spinning off its media business into a separate publicly traded company.

Comcast’s third-quarter results were buoyed by a surge in advertising tied to the Spanish-language telecast on NBCUniversal’s Telemundo, a profit at its Peacock streaming service and the box-office performance of films like “The Odyssey,” but revenue in most parts of the company’s cable-and-media empire dipped as the Philadelphia media conglomerate faced cha