It looks like the recession is good for the cable industry. Although Cablevision’s recent earnings report was a bit mixed, Comcast (NSDQ: CMCSA) reported a pretty strong Q2, as profits rose 53 percent to $967 million ($0.33 per share) boosted by favorable tax settlements and revenues were up 4.5 percent to $8.94 billion. The company handily beat analysts’ expectations, as a Thomson Reuters poll (via WSJ) called for EPS of $0.26 on revenues of $8.5 billion.
2Q 2009 2Q 2008 Analysts Estimates For 2009 EPS $0.33 $0.21 $0.26 Net Income $967M $632M NA Revenue $8. Full story...
Clearwire (NSDQ: CLWR) frequently brags about how much spectrum it has at its disposal, and how easy it will be to deliver a ton of video and other high-bandwidth services over mobile networks.
Initial stats are in for NCAA March Madness on Demand and it looks like CBSSports.com will be able to declare victory again (unlike fans of Georgetown or Vanderbilt).
The FCC is working on a plan that would sell a chunk of spectrum in the first half of 2011 that failed to be sold in 2008 because of the strict conditions of use.
As it promised back in January, Affiliated Media, the holding company for newspaper chain MediaNews Group, has emerged for Chapter 11 bankruptcy protection.
Microsoft’s experimental Office Labs group says it’s testing a new microblogging service called OfficeTalk—which “applies the base capabilities of microblogging to a business environment, enabling employees to post their thoughts, activities, and potentially valuable information to anyone who might be interested.
» The keys to Microsoft’s and Xbox 360’s success: ignoring Blue-ray and betting on digital distribution.
Yahoo (NSDQ: YHOO) Chief Technologist Sam Pullara is leaving the company, capping off a week of high-profile departures.
Most forecasters have expected broadcast ad revenues to experience a nice recovery as the recession eases, but BernsteinResearch analyst Michael Nathanson expects a TV advertising to see a rebound that could bring stations back to their healthier 2007 levels.
It now seems all but official that Google (NSDQ: GOOG) will pull its search operations in China; Chinese media says Google will make an announcement Monday and the search engine could shut down as soon as April 10.