Comcast subsidiary NBCUniversal acquired Hollywood studio DreamWorks Animation for $3.8 bil. Under terms of agreement, DreamWorks Animation stockholders will receive $41 cash for each share of DreamWorks Animation common stock. // Michelle Clancy, rapidtvnews.com, 4/29/2016

 


COMCAST’S RALPH ROBERTS:GONE BUT NEVER FORGOTTEN

By Paul Kagan - June 19, 2015

Ralph Roberts, the dynamic pioneer who built a tiny system in Tupelo, Mississippi into Comcast--cable’s largest company--passed away yesterday at age 95. His vision, and devotion to the cause of a new communications medium, can be expressed by a quotation from Thomas Edison: "A diamond is a piece of coal that stuck to the job."  The company that Ralph founded--with his partners Julian Brodsky, Dan Aaron, and later, his son Brian, now the CEO--soared from a speck in the cable universe to a diversified, media giant. As noted in An Incredible Dream, William Novak’s bio of the company, “Ralph was in heaven” when, in the mid-1980s, in my Kagan cable newsletter, I called Comcast “a baby blue chip.” It wasn’t long before “baby” grew up to be cable’s leading multiple-system operator.

Today, we are in the midst of far greater change in the media. Comcast is now a movie-TV-cable enterprise that Ralph was able to see completed. But its arch-rival—AT&T—which sold its industry-leading cable subs to Comcast in 2001, is back via acquisition of DirecTV’s U.S. and foreign satellite footprint and expansion into Latin America TV.




© 2014 PK Worldmedia, Inc.   All rights reserved.

 

Stocks Slump on BOJ Remarks; Comcast to buy DreamWorks

 

By Catherine Hertzberg 
-    April 28, 2016
 

  Stocks slipped after the Bank of Japan's recommended a cap to monetary stimulus. The Dow lost 208 pts. to close at 17,833. The S&P 500 fell 19 pts. to 2,076.

  Dreamworks soared 24% in 25x avg. trading. Comcast will acquire DWA in a deal worth $3.8 bil. CMCSA closed flat in heavy trading.

 Lionsgate gained 9% on heavy volume. It announced a significant output agreement with FOX Networks Group Latin America.

  Motion Pictures, up 6% YTD, are up 28% from their 52-week low of 27.85, set February 10.

  CommScope jumped 14% in 4x avg. trading. It reported Q1 adjusted net income of $94.4 mil. vs. $81.4 mil. a year ago.

 

 Indices  4/27  4/28  %YTD 
 Telco 42.32 41.90 15.6 
 DJ Utilities 653.28 650.86 12.6 
 Radio 15.40 15.22 12.4 
 3D 38.25 39.27 9.6 
 Cable MSO 85.28 85.55 8.6 
 Movie Theaters 14.79 14.84 7.6 
 Internet Content 78.94 77.69 6.1 
 Motion Pictures 35.07 35.61 6.1 
 Global Wireless 70.53 69.79 5.4 
 Wireless Prov. 31.22 30.99 4.7 
 Advertising 105.40 104.95 4.3 
 Towers 346.26 344.24 2.4 
 Dow Jones Avg. 18,041.55 17,830.76 2.3 
 Satellite Networks 39.19 38.63 1.9 
 S&P 500 2,095.15 2,075.81 1.6 
 Consumer Elec. 87.69 85.82 1.4 
 Russell 2000 1,154.15 1,140.40 0.4 
 Wireless Tech. 13.27 13.10 (0.1) 
 Publishing 84.06 82.61 (0.4) 
 Fiber Optics 2.83 2.81 (0.4) 
 Television 112.21 111.31 (0.9) 
 Broadband Tech. 23.55 23.15 (2.0) 
 NASDAQ 4,863.14 4,805.29 (4.0) 
 Satellite TV 71.01 71.42 (4.2) 
 Interactive TV 14.22 14.29 (4.6) 
 Video Gaming 20.32 19.94 (4.6) 
 NASDAQ 100 4,416.63 4,363.99 (5.0) 
 Global Cable 113.66 113.33 (7.4) 
 Internet Media 138.12 136.08 (10.6) 
 Digital Life 662.41 656.99 (12.0) 
 Home Video 275.75 269.79 (13.6) 
 Social Media 80.38 83.38 (24.7) 
 © 2014 PK Worldmedia, Inc. All rights reserved.