Latest news with #Comcast
New York Post
24 minutes ago
- Business
- New York Post
Jeff Bezos has been weighing a possible acquisition of CNBC: sources
Amazon billionaire Jeff Bezos has been weighing a possible acquisition of CNBC, The Post has learned. The 61-year-old e-commerce magnate has signaled interest to business associates in buying the cable network — home to 'Squawk Box' and 'Mad Money with Jim Cramer' — after it is spun off by NBCUniversal parent Comcast later this year, according to a person familiar with Bezos' thinking. CNBC would 'align well with his interests,' said another source close to Bezos, who noted that the network could serve as a credible 'neutral voice' in his media portfolio — a major plus following Bezos's headaches as owner of the left-leaning Washington Post. Advertisement 5 Jeff Bezos is interested in buying CNBC after it is spun off from Comcast and is part of the publicly-traded Versant, sources said. Getty Images for The New York Times The Amazon founder has weathered months of headline-grabbing chaos at the iconic newspaper, which has been mired in losses, layoffs and staff protests over his moves to shift the paper's coverage in a more centrist, pro-capitalist direction. A rep for Bezos declined to comment. Advertisement Comcast, meanwhile, plans to spin off its struggling cable assets — which also include MSNBC, USA Network and E! — by the end of the year. CNBC will become part of a publicly-traded company called Versant, which will be run by a handful of NBCUniversal execs led by Chief Executive Mark Lazarus. Sources close to Comcast told The Post that Bezos has not approached the cable giant headed by CEO Brian Roberts. Another source close the situation said Versant plans to grow CNBC, not sell it. 5 CNBC is known for business programs such as 'Sqwak Box' co-hosted by Andrew Ross Sorken (L), Becky Quick (center) and Joe Kernen (right). Stefanie Smith/CNBC Advertisement Versant declined to comment. It is unclear how much Bezos — currently ranked as the fourth richest person in the world with a net worth of $241 billion, according to Forbes — would be willing to pony up for CNBC. Comcast does not break out financials for its cable assets but recently said the soon-to-be spun-off Versant generated about $7 billion in revenue last year. Buying CNBC would be tricky. There is a two-year period in which Versant could not engage in selling major assets like CNBC or even the entire company without major tax implications, sources told The Post. Advertisement 5 Jeff Bezos and his wife Lauren Sanchez were seen relaxing at Club 55 on Pampelonne Beach in Saint‑Tropez. Best Image / BACKGRID A source close to the situation said the company won't likely jeopardize the tax-free nature of the spinoff. Late last year, Comcast announced it would hive off its cable assets and keep NBCUniversal's NBC broadcast TV network, 'Real Housewives' home Bravo, its film and TV studios and theme parks, as well streaming service Peacock. Bezos bought the Washington Post from Warren Buffett in 2013 for $250 million, but the paper since has been dogged by steep losses as subscribers have fled. 5 Lauren Sanchez and Jeff Bezos leaving Le Club 55 in Saint Tropez. Spread Pictures / MEGA The Amazon founder has been vacationing with his new bride Lauren Sanchez in the South of France. They were spotted Tuesday leaving glitzy beach club Le Club 55, not far from where the mogul's mega-yacht, Koru, dropped anchor. Bezos' desire to expand his media empire follows a flurry of headlines in recent weeks that he was interested in buying Vogue magazine for Sanchez, a former TV reporter — or even the fashion glossy's parent company Condé Nast. Over the past year, Bezos and Washington Post CEO Will Lewis have tried to move the Beltway broadsheet more to the center — to the dismay of staffers. Advertisement 5 Bezos' changes at The Washington Post have sparked anger from staffers and readers alike. More than 300,000 readers have canceled their subscriptions to the left-leaning paper last year. REUTERS Bezos' decision to kill the newspaper's endorsement of Kamala Harris for president shortly before the election in November sparked a revolving door of high-profile departures. More than 300,000 readers canceled their subscriptions. The uproar continued after Bezos ordered the outlet's opinion section to focus on 'personal liberties and free markets' — a more neutral topic — rather than weighing in on politics and other issues. The directive led to the resignation of Opinion Editor David Shipley, followed by the departure of longtime columnist Ruth Marcus. On Monday, Pulitzer Prize-winning opinion writer Jonathan Capehart announced he accepted a buyout.
Yahoo
4 hours ago
- Business
- Yahoo
T-Mobile US (TMUS) Secures Multi-Year MVNO Deal With Charter And Comcast
The recent development involving Charter and Comcast entering a multi-year exclusive agreement with T-Mobile US forms a long-term MVNO partnership, strengthening TMUS's network leverage and may have had a positive impact on the stock price. Alongside, the MLB All-Star Week promotion and Samsung device rollout could have further influenced sentiment. The company's stock rose by 5% over the past month, a movement aligned with broader market trends, as the S&P 500 hit new highs. These factors potentially added weight to T-Mobile's upward momentum during a period marked by trade deal optimism and robust earnings expectations. We've identified 1 weakness with T-Mobile US and understanding the impact should be part of your investment process. Uncover 17 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. The recent multi-year agreement between Charter, Comcast, and T-Mobile US is likely to enhance T-Mobile's network leverage, potentially influencing its long-term revenue and earnings positively. This development, coupled with the recent promotional activities, strengthens T-Mobile's position, aligning with its narrative of expansion through 5G and fiber growth. Over the past five years, T-Mobile's total shareholder return, including both share price appreciation and dividends, reached 129.05%, demonstrating robust performance compared to a 14.6% increase in the U.S. market over the past year. Despite this longer-term strength, the company underperformed the U.S. Wireless Telecom industry in the last year, which saw a 33.8% increase. The introduction of new agreements and product rollouts may push projections for future earnings and revenues upwards, but potential risks from tariffs or competitor strategies remain. The current share price of $233.25 is below the consensus analysts' price target of $266.08, reflecting a discount of approximately 14%. This suggests that there might be room for upward adjustment in line with analysts' expectations if growth catalysts are realized successfully. Investors are encouraged to consider these forecasts in the context of T-Mobile's ongoing strategic initiatives and market conditions. Learn about T-Mobile US' future growth trajectory here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TMUS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Business Wire
5 hours ago
- Business
- Business Wire
Comcast's Xfinity Unveils StreamStore: A Smarter, Simpler Way to Discover, Manage and Enjoy Entertainment
PHILADELPHIA--(BUSINESS WIRE)--Today, Xfinity is launching StreamStore, a first-of-its-kind destination that makes discovering, purchasing and managing streaming apps, channels and networks easier than ever. Available to both Xfinity TV and Internet customers, StreamStore is designed to give customers more choice, value and control, all in one seamless experience. 'We believe that technology should work for you - not the other way around,' said Jon Gieselman, Chief Growth Officer, Connectivity & Platforms, Comcast. 'Xfinity StreamStore is taking the complexity out of finding the content you love and putting the power back in the hands of our customers. It's an important advancement in harnessing tech to make the complicated easy and entertainment smarter, simpler, and more connected.' StreamStore brings together the best of Xfinity's entertainment platform with the nation's largest, fastest and most reliable WiFi network available in Comcast markets*. The destination is a one-stop shop for one of the world's largest catalogs of entertainment, including over 450 streaming apps and channels and 200,000 movies and TV shows to rent or purchase. StreamStore makes it easy to: Find something new to stream with a thoughtfully, curated experience that makes discovering something new to watch in a sea of choices, simple and easy. Shop, purchase and manage the best and most popular collection of streaming apps and channels directly on the television - all in one place, and in one monthly bill. Bundle and save with exclusive streaming packages like StreamSaver, a bundle of Apple TV+, Netflix standard with ads and Peacock for $15. StreamStore is also coming to giving customers a simple way to shop, manage and activate a selection of a la carte apps and bundles like StreamSaver, NOW TV and NOW TV Latino in the same place they manage their Xfinity Internet, Mobile and TV services. Later this year, Xfinity will give customers new ways to save through StreamStore with new StreamSaver bundles, additional streaming apps to add a la carte, plus enhanced subscription management and activation capabilities across devices and on Streaming Dominates Internet Usage Today, streaming makes up more than 70% of all internet traffic, driven by live sports and entertainment. Whether watching the big game, or streaming in 4K on multiple devices, Xfinity delivers customers a fast, reliable wall-to-wall WiFi experience with multi-gig speeds, ultra low-lag, and the capacity to connect hundreds of devices in the home. And with WiFi PowerBoost, Internet customers with Xfinity Mobile get free WiFi speeds up to 1 gig at home and on-the-go via millions of Xfinity WiFI hotspots across the nation, bringing the best streaming experience to mobile devices, anywhere. To learn more about StreamStore, please visit or simply say 'StreamStore' in the Xfinity voice remote. * USA, Fixed Broadband Experience, May 2025 | Opensignal About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit for more information.
CNET
5 hours ago
- Business
- CNET
Xfinity Opens Online Shop for All Your Streaming Entertainment Needs
Comcast Xfinity introduced a new online store on Wednesday that serves as a hub for streaming entertainment. The StreamStore is a centralized shop where Xfinity internet and TV customers can find, buy or manage multiple streaming apps, bundles, channels, movies and TV shows. According to Comcast, customers will be able to buy streaming TV packages like Now TV, sign up for the StreamSaver bundle, and explore a selection of "over 450 streaming apps and channels and 200,000 movies and TV shows to rent." That includes apps such as Netflix, HBO Max, Spotify, and Prime Video, and content from free streamers like Tubi, Xumo Play, and Pluto TV. Add-on "channels" for Starz, MGM Plus and AMC Plus are among the additional options available within the StreamStore experience. You can access the store on your Xfinity device, and it's also rolling out on where you can keep up with your streaming subscriptions along with Xfinity mobile, internet, or TV packages you may have. Similar to Amazon's Prime Video platform, StreamStore allows you to sign up and activate select streaming accounts in one location and be billed through Xfinity. Not every service has billing integrated with Xfinity, but you can still subscribe via StreamStore and pay the streaming provider directly. Comcast said that later this year, it also plans to roll out more StreamSaver bundles, load the store with more streaming apps and enhance its subscription management functionality.
Associated Press
5 hours ago
- Business
- Associated Press
Comcast's Xfinity Unveils StreamStore: A Smarter, Simpler Way to Discover, Manage and Enjoy Entertainment
PHILADELPHIA--(BUSINESS WIRE)--Jul 23, 2025-- Today, Xfinity is launching StreamStore, a first-of-its-kind destination that makes discovering, purchasing and managing streaming apps, channels and networks easier than ever. Available to both Xfinity TV and Internet customers, StreamStore is designed to give customers more choice, value and control, all in one seamless experience. This press release features multimedia. View the full release here: Xfinity launches StreamStore 'We believe that technology should work for you - not the other way around,' said Jon Gieselman, Chief Growth Officer, Connectivity & Platforms, Comcast. 'Xfinity StreamStore is taking the complexity out of finding the content you love and putting the power back in the hands of our customers. It's an important advancement in harnessing tech to make the complicated easy and entertainment smarter, simpler, and more connected.' StreamStore brings together the best of Xfinity's entertainment platform with the nation's largest, fastest and most reliable WiFi network available in Comcast markets*. The destination is a one-stop shop for one of the world's largest catalogs of entertainment, including over 450 streaming apps and channels and 200,000 movies and TV shows to rent or purchase. StreamStore makes it easy to: StreamStore is also coming to giving customers a simple way to shop, manage and activate a selection of a la carte apps and bundles like StreamSaver, NOW TV and NOW TV Latino in the same place they manage their Xfinity Internet, Mobile and TV services. Later this year, Xfinity will give customers new ways to save through StreamStore with new StreamSaver bundles, additional streaming apps to add a la carte, plus enhanced subscription management and activation capabilities across devices and on Streaming Dominates Internet Usage Today, streaming makes up more than 70% of all internet traffic, driven by live sports and entertainment. Whether watching the big game, or streaming in 4K on multiple devices, Xfinity delivers customers a fast, reliable wall-to-wall WiFi experience with multi-gig speeds, ultra low-lag, and the capacity to connect hundreds of devices in the home. And with WiFi PowerBoost, Internet customers with Xfinity Mobile get free WiFi speeds up to 1 gig at home and on-the-go via millions of Xfinity WiFI hotspots across the nation, bringing the best streaming experience to mobile devices, anywhere. To learn more about StreamStore, please visit or simply say 'StreamStore' in the Xfinity voice remote. *USA, Fixed Broadband Experience, May 2025 | Opensignal About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit for more information. View source version on CONTACT: Debbie Frey Comcast Corporation [email protected] KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: OTHER COMMUNICATIONS OTHER ENTERTAINMENT TV AND RADIO MEDIA COMMUNICATIONS VOIP MOBILE/WIRELESS ENTERTAINMENT OTHER TECHNOLOGY 5G TELECOMMUNICATIONS SOFTWARE NETWORKS INTERNET HARDWARE ELECTRONIC DESIGN AUTOMATION DATA MANAGEMENT CONSUMER ELECTRONICS TECHNOLOGY GENERAL ENTERTAINMENT SEMICONDUCTOR SECURITY SATELLITE NANOTECHNOLOGY AUDIO/VIDEO ONLINE MOBILE ENTERTAINMENT SOURCE: Comcast Corporation Copyright Business Wire 2025. PUB: 07/23/2025 12:00 PM/DISC: 07/23/2025 12:01 PM
