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It was a similar story for Paramount, which said Thursday it took a nearly $6 billion write-down on the value of its cable business, citing "recent indicators in the linear affiliate marketplace."
Comcast said Thursday that it has started exploring spinning off its cable networks into a separate company.The development comes as the media industry undergoes massive disruption, with more ...
The company announced a plan Wednesday that will offload the bulk of NBCUniversal’s financially challenged cable portfolio — excluding Bravo — into a new entity owned by Comcast shareholders.
The Cable Communications Policy Act of 1984 (codified at 47 U.S.C. ch. 5, subch. V–A) was an act of Congress passed on October 30, 1984 to promote competition and deregulate the cable television industry. The act established a national policy for the regulation of cable television communications by federal, state, and local authorities.
The FCC review was headed by chairman of the FCC and former cable industry lobbyist [33] Tom Wheeler. Wheeler's appointment in May 2013 was widely praised by the cable industry. [34] Some raised concerns about Wheeler's previous work as the head of the main U.S. cable lobby, [35] the National Cable & Telecommunications Association.
This includes all communication by radio, telephone, wire, cable and satellite. [2] Telecommunications policy outlines antitrust laws as is common for industries with large barriers to entry. Other features of the policies addressed include common carrier laws which controls access to networks.
Paramount Global saw its stock rise by 6% in premarket trading on Friday.On Thursday, Paramount reported a profit within its streaming division for the first time while its linear TV business ...
By 2013, Comcast Business had become the largest business-facing enterprise, by revenue, of all cable providers who provide services to businesses. [26] Comcast Business generated $3.24 billion in 2013, an increase of 26.4% from 2012, [27] when the revenue of Comcast Business was about $2.4 billion. [28] [29]