Latest news with #JacobSoboroff
Business Insider
5 days ago
- Business
- Business Insider
Comcast Stock (NASDAQ:CMCSA) Notches Down With New MSNBC Addition
While it may only be a matter of time until communications giant Comcast (CMCSA) branches off its linear television arm into Versant, for now, it still has control, and is bulking up MSNBC ahead of the upcoming split. Jacob Soboroff is set to join MSNBC, and investors were actually, if only slightly, displeased about this. Comcast shares notched down fractionally in Tuesday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Soboroff is set to join in as 'senior national and political correspondent,' reports note, which is not too far off from the role he served at NBC News: political and national correspondent. Soboroff has had a hand in the coverage of presidential campaigns, elections, Los Angeles wildfires, and more. He was even a fill-in anchor with the Today show. Soboroff originally joined MSNBC back in 2015, and will be part of the upcoming live event MSNBC is hosting, MSNBCLIVE '25, when it airs October 11. All of this is ahead of MSNBC's upcoming split from Comcast and into its own operation, Versant, which contains most of the linear channels from Comcast. Stanching the Flow This news comes at an interesting time for Comcast, as it is starting to see a distressing number of customers depart the service. The second-quarter earnings report featured the alarming news that around 226,000 internet customers dropped the service, prompting Comcast to consider a new plan to try and keep the customer count it had in place. It did not help matters much that the customer exodus fired up a few months after Comcast announced price hikes for its Xfinity services. So Comcast, in a bid to actually keep what it had not yet lost, set up four speed tiers, including unlimited data, new price lock guarantees, and even an Xfinity mobile line free for one year. So far, customers are responding to the new pricing plans, as around half of new customer connects are taking the five-year price guarantee. Is Comcast Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on CMCSA stock based on six Buys, eight Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 16.34% loss in its share price over the past year, the average CMCSA price target of $39.43 per share implies 21.14% upside potential.
Yahoo
7 days ago
- Entertainment
- Yahoo
Jacob Soboroff To Join MSNBC As It Builds News Division In Advance Of Comcast Split
Jacob Soboroff will be part of the MSNBC team as it splits from Comcast and sister network NBC News later this year. Soboroff will serve as senior national and political correspondent for the network. More from Deadline Charlamagne Tha God Responds To Trump, Calls Out His "Authoritarian Strategy," But Adds, "I'm Rooting For You, But I Need You Focused" Senate Confirms Jeanine Pirro To Serve As U.S. Attorney For D.C. In Reaction To Dismal Jobs Report, Donald Trump Says He's Ordered Commissioner Of Labor Statistics To Be Fired As NBC News political and national correspondent, Soboroff has covered presidential campaigns and elections, the family separation crisis of 2018, and appeared as a correspondent and fill-in anchor on Today. He covered the Los Angeles wildfires earlier this year, with personal accounts of its impact on his hometown. The fires will be the subject of an upcoming book, Firestorm, to be published on Jan. 6. Soboroff also has been reporting on the ICE raids in Los Angeles, building on his experience covering immigration. He wrote the book Separated: Inside an American Tragedy, and was executive producer of Errol Morris' documentary Separated, based on his work. Soboroff first joined MSNBC in 2015. He'll be part of the network's live event, MSNBCLIVE '25, on Oct. 11. MSNBC will be part of Versant, the newly named comoany that will include former Comcast cable channels and other assets. With NBC News no longer as a sister network, MSNBC has been building up its own news division. Best of Deadline 2025 TV Cancellations: Photo Gallery 2025 TV Series Renewals: Photo Gallery 2025-26 Awards Season Calendar: Dates For Emmys, Oscars, Grammys & More
Los Angeles Times
7 days ago
- Business
- Los Angeles Times
Jacob Soboroff will join MSNBC after network splits from NBC News
NBC News correspondent Jacob Soboroff will join MSNBC full time once the progressive cable channel is spun off into a new company, which will be called Versant. Later this year, MSNBC is heading to Versant, which will be the new stand-alone home for current parent company Comcast's cable networks. As a result, MSNBC will no longer have the resources of NBC News and is putting together its own editorial operation. The stylized NBC peacock will also disappear from the MSNBC logo. NBC News correspondents who moved seamlessly between NBC's broadcast programs and MSNBC will no longer appear on both platforms once the spin-off is complete. (The one exception is expected to be Willie Geist, who has anchor roles on MSNBC's 'Morning Joe' and NBC's 'Sunday Today.') Soboroff, a Los Angeles native who earlier this year reported on how his childhood home was lost in the Palisades fire, is the highest profile talent so far to leave NBC News in the split. He will remain based on the West Coast. Soboroff, 42, was hired as an MSNBC correspondent in 2015. He was later named an NBC News correspondent and in recent years has frequently appeared as a fill-in co-host on the network's morning franchise 'Today.' NBC News employees who worked both on the broadcast and cable sides have been asked to choose which entity they will join. Most NBC News staffers are choosing to stick with the network. Steve Kornacki, the number-crunching star of MSNBC's election nights, chose the broadcast network over cable as he also works for NBC Sports. But a number of NBC News correspondents, producers and executives are choosing to go to the cable side. The migration to MSNBC is surprising, considering the business environment. Comcast is spinning off the cable networks because it believes the mature outlets face a bleak future due to pay TV cord-cutting and are an albatross weighing down its stock price. MSNBC, the second most watched cable news channel behind leader Fox News, is seen its reach into pay TV homes decline by 33% over the last 10 years. That has not kept some significant names from giving the start-up a shot. Earlier this week, Versant announced that 'NBC Nightly News' executive producer Meghan Rafferty is joining the company as vice president of news standards. NBC News correspondents moving to the cable side include Ken Dilanian, who covers the Justice Department. Vaughn Hillyard is moving over to become senior White House correspondent, and Daniel Noriega will be a national correspondent based in Los Angeles. The new company has also attracted talent and executives from CNN, Politico and the New York Times. TV news agents say privately that many NBC News staffers are expecting layoffs in the division over the next year as ratings and advertising revenue for broadcast TV decline. (The division has not announced any such plans). While the channels going to Versant, which include CNBC, Golf Channel and USA Network, face similar challenges, the spinoff group is aggressively hiring and promises substantial investment in the channels that still turn a profit. Correspondents are also attracted to the platform that a 24-hour cable network provides. Soboroff, the son of Los Angeles civic leader Steve Soboroff, has focused on issues that appeal to the MSNBC audience. He aggressively covered the family separation crisis at the southern border in 2018, which earned a Cronkite Award. He wrote a book on the topic and executive produced an Emmy-nominated documentary in 2024. Most recently in June 2025, Soboroff led MSNBC's coverage of the U.S. Immigration and Customs Enforcement raids in Los Angeles and the resulting protests. His upcoming book, 'Firestorm: The Great Los Angeles Fires and America's New Age of Disaster,' will be released in January.
Yahoo
27-06-2025
- Yahoo
New ICE data reveals who federal agents are detaining in immigration raids
According to new ICE data obtained by NBC News, 120,000 out of the 185,000 immigrants arrested by ICE since October have committed no serious crimes. Videos from Southern California show farm workers, day laborers and street vendors being taken into custody. NBC News' Jacob Soboroff reports.
Yahoo
11-06-2025
- Politics
- Yahoo
‘Workers are not going to be showing up to work': The economic impact of ICE raids take shape
Jacob Soboroff, NBC News Correspondent joins Nicolle Wallace on Deadline White House from Ventura County, California the site of a immigration raid conducted by ICE on Tuesday to show the impact that the continued immigration raids and mass arrests carried out by ICE is set to have on the California and American economy, with many of the workers essential the agricultural afraid to go to work out of fear.
