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3 hrs ago | San Diego Source
The Dow Jones industrial average rose 65.12 points to 16,514.37. The Nasdaq composite index was up 39.91 points to 4,161.46 and the S&P 500 stock index gained 7.66 points to 1,879.55.
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Earlier this year, Comcast and Time Warner Cable agreed to combine operations in order to create a stronger national competitor that can invest to offer better and faster Internet service, a richer and more diverse television experience and more innovation and advanced services for residential and business customers alike.
Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers to Charter Communications, a source familiar with the matter said Tuesday.
In announcing it would hear American Broadcasting Companies v. Aereo beginning Tuesday, the United States Supreme Court could decide the fate of broadcast television and potentially upend a business model that has been in place for a very long time.
The firm set a "not rated" rating and a $64.00 price target on the stock. Telsey Advisory Group's price target would suggest a potential upside of 28.31% from the company's current price.
The trend is not a friend to the cable television industry. And soon the phrase "cable television industry" is likely to be more or less a synonym for Comcast , which is in the process of a proposed merger with Time Warner Cable that would give it a combined reach across 30% of America.
Netflix Inc, the video streaming service, on Monday criticized AT&T's high-speed fiber network as inadequate and slow, while renewing its call for AT&T to interconnect directly with Netflix.
These services - which include hooking up schools, hospitals, restaurants and corporations to phones, Internet and Ethernet services - are growing quickly.
Recording companies including Sony , Comcast -owned Universal, Time Warner's Warner Music, Capitol Records, and the independent label ABKCO filed a suit in New York State Supreme Court in Manhattan against the popular online radio service Pandora over recordings made before 1972, which aren't protected under the same copyright laws as recordings ... (more)
NBCUniversal Launches Original-Video Initiative for Digital The news networks are growing more digital by the day, and now NBCUniversal is launching an original video initiative that will appear across the company's various digital and video-on-demand platforms.
Playing catchup ball with its two RDK Management partners, Time Warner Cable has finally spilled some of the beans about its first IP set-top box to be equipped with Reference Design Kit software.
But invariably these critics focus on hypothetical dangers while ignoring concrete, tangible benefits.