Entries tagged "Comcast"
The rational for building and breaking apart content production and distribution empires is still up in the air as Time Warner breaks off AOL, Comcast covets NBC and Cablevision divests Madison Square Garden.
With a plot resembling a Hollywood movie, Sirius XM's Mel Karmazin is frantically seeking a white knight to thwart long-time rival Charlie Ergen from snapping up the media company.
Last month, Napster's market cap fell below its cash on hand. That prompted speculation that an eager hedge fund might want to seize the company just to dismantle it, or that it's ripe for a takeover.
Comcast Interactive Media, the digital entertainment division of Comcast Corp., is sweetening things up. The company plans to acquire pop-culture e-mail newsletter publisher DailyCandy Inc. for nearly $125 million, according to published reports. ...
Pali Capital Inc. analyst Rich Greenfield reported in a blog post Thursday that Comcast Corp. may be shopping 2% of its video-cable base of 25 million subscribers. Greenfield's post followed press accounts from Maine earlier in the week that Comcast, the country's largest cabler, was exploring the sale of its operations in that state as part of a plan to sell "46 properties nationwide." The Times Record in Brunswick, Maine, speculated that Time Warner Cable Inc. would be the logical buyer as it already serves 85% of the state. Time Warner Cable declined to comment on the speculation. - Richard Morgan...
