Comcast Shares Slide
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Comcast President Mike Cavanagh hinted the company was interested in certain assets, telling analysts: "You should expect us to look at things that are trading in our space ... [but] the bar is very high for us to pursue any [merger] transactions.
Comcast leaders hedged their words carefully when pressed by analysts about the company's appetite for M&A activity such as Warner Bros. Discovery.
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Comcast Chief Reacts to Warner Bros. “For Sale” Sign, Suggests Interest in Studios and Streaming
Mike Cavanagh was asked about the reported interest in Warner Bros. Discovery, adding that the bar remains high for any deals.
Comcast signaled caution on big media deals but left the door open to future moves as speculation grows over a possible Warner Bros. Discovery tie-up.
Comcast’s Mike Cavanagh said today that if the company was looking at M&A it would be interested in streaming and studio assets.
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Comcast Names Dave Watson Vice Chair, Promotes Steve Croney to CEO of Connectivity & Platforms
Steve Croney is exactly the right leader for the future. He is a trusted and accomplished executive who has been instrumental in advancing our operational transformation."
Comcast is scheduled to announce its earnings on Thursday. Revenue is predicted to decrease by around 4%, while earnings are anticipated to be about $1.10 per share.
Theme park revenue climbed 18.7% in the third quarter for Comcast Corp., propelled by the early months of operation of Epic Universe, the company reported Thursday.
The 'Yellowstone' signed a film deal with NBCU that will kick in next year, with a series deal expected to follow in 2029.