cable
Comcast is looking to separate from most of its cable networks.However, the media titan is keeping Bravo, which makes popular reality-TV shows.Here’s why holding onto Bravo makes sense, even though the spinoff might not work.Comcast wasn’t bluffing about unloading its steadily declining cable TV networks.The cable giant is officially planning…
By Aditya Soni and Jaspreet Singh (Reuters) – Bob Iger returned to Walt Disney (NYSE:) as CEO in 2022 with a bold promise of making streaming profitable. The latest quarterly results have shown signs of a turnaround at the storied media company, suggesting that Iger may be getting the House…
Comcast’s Mike Cavanagh said the company will explore ditching its cable networks.The company may also look to partner Peacock with a rival streaming service.Wall Street analysts shared their takes on those potential moves, and why they might not make sense. Comcast said this week it might separate from its cable…
By David Shepardson (Reuters) -A bipartisan group of eight U.S. senators on Monday urged President Joe Biden to order a review of the security of the global network of undersea communications cables that handle nearly all the world’s internet traffic. Nearly all international internet traffic travels on undersea cables and…
By Dawn Chmielewski (Reuters) -Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced Thursday it would cut 15% of its workforce, as the media conglomerate navigates the decline of the cable television business. The reductions are part of Paramount’s efforts to cut $500…
UK telecoms giant Virgin Media is suing a fishing trawler for more than $870,000, according to Irish media, accusing those on board of damaging one of its undersea fiber optic cables.The case relates to an incident that took place more than nine years ago.According to the Irish Independent, Virgin Media…
