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    Comcast Explores Spin-Out of Cable Business

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    The company’s president, Mike Cavanagh, said the company was also considering finding a partner for its Peacock streaming service.Comcast, one of the nation’s biggest television companies, said on Thursday that it was weighing whether to cleave its cable networks from the rest of the company, a move that could put it in position to shake up the struggling cable industry.Mike Cavanagh, the company’s president, said on an earnings call that the company could put the cable networks owned by its NBCUniversal division — which include Syfy, Bravo and USA — into a new company.As Americans continue to drop their cable TV subscriptions, cable networks are generally considered the most problematic part of traditional media businesses like NBCUniversal.“Like many of our peers in media, we are experiencing the effects of the transition in our video businesses, and we have been studying the best path forward for these assets,” Mr. Cavanagh said.Mr. Cavanagh said that the new company would be owned by Comcast shareholders and that it would be “well capitalized” — implying that it would not be loaded up with debt from its parent company, a common tactic for corporate spinoffs. NBC — a broadcast network owned by Comcast — would probably not fit into the new company.His comments came after Comcast reported a 3.3 percent decrease in net income last quarter, even as revenue increased by 6.5 percent, to $32 billion. The company reported losses of 87,000 U.S. customers for its broadband services compared with the same period last year, and cable TV subscribers continued to decrease. The company’s share price was up nearly 3 percent in midmorning trading.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Universal’s Epic Orlando Theme Park Will Open in May

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      Initial ticket packages for the new area of Universal Orlando Resort, the first new Florida theme park in a generation, will cost as much as $521.When the Universal Orlando Resort opened its first Harry Potter rides in June 2010, people waited six hours in 90 degree heat just to get in the gate. Demand overran expectations for months, leaving some visitors with a gridlocked vacation they vowed never to repeat.Universal, hoping to avoid similar headaches when it opens a much splashier theme park in the resort on May 22, has decided to do things differently.Initially, tickets for the general public will be sold only for the new area, Universal Epic Universe, which is the first major park to open in Orlando, Fla., in 26 years, as part of multiday packages, the resort said on Thursday. The least expensive option, priced at $352 to $521, with the cost fluctuating based on the days chosen, will provide one-day admission to Epic Universe and two days of access to the resort’s older parks. The packages go on sale Tuesday.Universal said that additional ticket options, including single-day admission for the grand-opening period, would become available “in the months ahead.” (Current annual passholders can buy single-day tickets to Epic Universe starting Oct. 24.)Epic Universe is expected to attract roughly 10 million visitors in its first full year of operation, according to MoffettNathanson, a research firm.The company wants to avoid congestion — to leave visitors, some of whom may be experiencing Universal for the first time, wanting to return. But the multiday focus also underscores Universal’s primary mission in adding Epic Universe: It wants more families to view the resort as a weeklong destination and not just a one- or two-day add-on to a Disney pilgrimage.Comcast, which owns the Universal theme park chain, has poured billions of dollars into Epic Universe, which will feature 70 acres worth of attractions, dining and shopping. (To compare, the Harry Potter area that opened in 2010 covered 20 acres.) Epic Universe will have major rides based on Nintendo video games, films like “How to Train Your Dragon,” classic movie monsters and, yes, Harry Potter. The expansion also includes three new hotels.“Epic Universe signals a new phase in the theme park wars,” Craig Moffett, a founder of MoffettNathanson, wrote in a report this year. He estimated that Universal would siphon about a million visitors from the much-larger Disney World from mid-2025 to the end of 2026. More

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      NBA Agrees to Massive Rights Deals With Disney, Comcast and Amazon

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      The agreements, set to begin after next season, could potentially pay the league about $76 billion over 11 years.The National Basketball Association’s Board of Governors has approved a set of agreements for the rights to show the league’s games, Commissioner Adam Silver said on Tuesday, moving one step closer to completing deals that would reshape how the sport is watched over the next decade.Mr. Silver declined to discuss any financial details or even the companies involved, though there have been reports for months that Disney, Comcast and Amazon were close to deals with the league. TNT, which is owned by Warner Bros. Discovery, has shown N.B.A. games since the 1980s, but its prominent on-air personalities like Charles Barkley talked during the playoffs about how they worried that the network would lose the rights after next season, the last covered by the current nine-year TV deal.The companies are expected to pay the N.B.A. a total of about $76 billion over 11 years. On average, ESPN would pay the N.B.A. about $2.6 billion annually, NBC around $2.5 billion and Amazon roughly $1.8 billion, according to three people familiar with the agreements, who spoke on the condition of anonymity to discuss the financial details.The Board of Governors voted to approve the deals at its yearly meeting in Las Vegas. The N.B.A. must now present the deals to Warner Bros. Discovery, and once that happens, the company will have five days to match one of them to remain in the mix.“We did approve this stage of those media proposals, but as you all know there are other rights that need to be worked through with existing partners,” Mr. Silver said.Warner Bros. Discovery was expected to try to match Amazon’s offer, according to two people familiar with the company’s thinking, who spoke on the condition of anonymity because of the delicate nature of the negotiations.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      For Cesar Conde, NBC’s News Chief, Corporate Polish Meets Partisan Reality

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      Cesar Conde, a leader with an M.B.A. but a limited journalism background, is facing the toughest scrutiny of his career.Cesar Conde is not the typical leader of a major news institution.A Wharton-trained executive who revived the fortunes of Telemundo and sits on the boards of Pepsi and Walmart, Mr. Conde had limited experience in journalism when, in 2020, he became the chairman of NBC’s sprawling news division, including MSNBC, CNBC and franchises like “Meet the Press,” “Nightly News” and the “Today” show.Now he is trying to navigate the biggest crisis of his tenure: a journalistic firestorm that prompted an open revolt among his stars and has fueled internal questions about just how neatly Mr. Conde’s corporate experience and ambitions gel with the unique challenges of the news business.The rapid hiring and dismissal of Ronna McDaniel, the former chairwoman of the Republican National Committee, stunned network journalists over the past week, with many asking why Mr. Conde and his deputies had brought on someone who had vilified NBC and advanced former President Donald J. Trump’s efforts to overturn the 2020 election.The blowback facing Mr. Conde, 50, a former fellow in George W. Bush’s White House who prides himself on having an even-keeled, nonpartisan reputation, is coming from both sides of the aisle. Left-leaning fans of MSNBC felt betrayed, and Republican officials are mocking NBC as biased, even threatening to bar its reporters from this summer’s nominating convention.At elite retreats like the Aspen Ideas Festival, Mr. Conde, who declined to be interviewed, likes to say he runs “the largest news organization in the country.” As he heads into the scrutiny of a general-election campaign, he is discovering just how hard that job can be.Two of Mr. Conde’s newsroom leaders — Rebecca Blumenstein, the NBC News president of editorial, and Carrie Budoff Brown, who oversees political coverage — recommended Ms. McDaniel to Mr. Conde; Rashida Jones, the MSNBC president, also signed off, according to two people familiar with the discussions. Mr. Conde trusted the judgment of his top journalists, the people said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Congressional Committee Presses Cable Providers on Election Fraud Claims

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      AdvertisementContinue reading the main storySupported byContinue reading the main storyCongressional Committee Presses Cable Providers on Election Fraud ClaimsBefore a hearing scheduled for Wednesday, Democratic members of the House Energy and Commerce Committee asked cable companies what they did to combat “the spread of misinformation.”President Trump’s supporters approach the Capitol on Jan. 6.Credit…Kenny Holston for The New York TimesFeb. 22, 2021, 9:14 a.m. ETThree months ago, federal lawmakers grilled Mark Zuckerberg, Facebook’s chief executive, and Jack Dorsey, Twitter’s chief, about the misinformation that had appeared on their platforms. Now, a congressional committee has scheduled a hearing to focus on the role of companies that provide cable television service in the spread of falsehoods concerning the 2020 election.In advance of the Wednesday hearing, called “Fanning the Flames: Disinformation and Extremism in the Media,” members of the House Energy and Commerce Committee sent a letter on Monday to Comcast, AT&T, Spectrum, Dish, Verizon, Cox and Altice, asking about their role in “the spread of dangerous misinformation.”The committee members also sent the letter to Roku, Amazon, Apple, Google and Hulu, digital companies that distribute cable programming.The scrutiny of cable providers took on new urgency after supporters of former President Donald J. Trump, who repeatedly promoted the debunked claim that the election was rigged, stormed the Capitol on Jan. 6.“To our knowledge, the cable, satellite and over-the-top companies that disseminate these media outlets to American viewers have done nothing in response to the misinformation aired by these outlets,” two Democratic representatives from California, Anna G. Eshoo and Jerry McNerney, wrote in the letter, which was reviewed by The New York Times.None of the companies to which the letter was sent immediately replied to requests for comment.Newsmax, a right-wing cable channel carried by AT&T, CenturyLink, Charter, Comcast, Dish and Verizon, had a surge in ratings in November because of programs that embraced the former president’s claims of voter fraud. One America News Network, a right-wing outlet carried by AT&T, CenturyLink and Verizon, also promoted the false theory.Fox News, the most-watched cable news network, which is available from all major carriers, was one of five defendants in a $2.7 billion defamation lawsuit filed this month by the election technology company Smartmatic. In the suit, the company accused Fox News, its parent company Fox Corporation, three Fox anchors and two frequent Fox guests of promoting false claims about the election and Smartmatic’s role in it. (Fox has denied the claims and filed a motion to dismiss the suit.)Congress can raise the issue of whether cable providers bear responsibility for the programs they deliver to millions of Americans, but it may have no way to force them to drop networks that have spread misinformation. And unlike broadcast stations, cable channels do not have licenses that are regulated by the Federal Communications Commission.The lawmakers’ letter asks the companies, “What steps did you take prior to, on, and following the November 3, 2020 elections and the January 6, 2021 attacks to monitor, respond to, and reduce the spread of disinformation, including encouragement or incitement of violence by channels your company disseminates to millions of Americans?”“Are you planning to continue carrying Fox News, OANN, and Newsmax on your platform both now and beyond the renewal date?” the letter continues. “If so, why?”Blair Levin, who served as the F.C.C.’s chief of staff under President Bill Clinton, said a hearing could be a first step toward meaningful action. “You have to establish a factual record that on both the election and Covid, tens of millions of Americans believe things that are just factually not true, and then try to figure out: ‘What are the appropriate roles for the government in changing that dynamic?’” Mr. Levin said.Harold Feld, the senior vice president at Public Knowledge, a nonprofit group focused on telecommunications and digital rights, suggested that legislators might not have easy options to exert influence over Fox, Newsmax or OAN.“You have a lot of people who are very angry about it, you have a lot of people who want to show that they’re very angry about it, but you don’t have a lot of good ideas yet about what you ought to be doing about it,” he said.For now, defamation lawsuits filed by private companies have taken the lead in the fight against disinformation promoted on some cable channels.Last month, Dominion Voting Systems, another election technology company that has figured prominently in conspiracy theories about the 2020 vote, sued two of Mr. Trump’s legal representatives, Rudolph W. Giuliani and Sidney Powell, in separate lawsuits, each seeking more than $1 billion in damages. Both appeared as guests on Fox News, Fox Business, Newsmax and OAN in the weeks after the election.On Monday, Dominion sued Mike Lindell, the chief executive of MyPillow, alleging that he defamed Dominion with baseless claims of election fraud involving its voting machines.AdvertisementContinue reading the main story More

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      Major Technology Companies Join List of Biden Inaugural Donors

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      #masthead-section-label, #masthead-bar-one { display: none }The Presidential TransitionliveLatest UpdatesMoves to ImpeachHow impeachment Might WorkBiden Focuses on CrisesHow Mob Stormed CapitolAdvertisementContinue reading the main storySupported byContinue reading the main storyMajor Technology Companies Join List of Biden Inaugural DonorsThe inaugural committee did not disclose how much it has raised so far for the event, which is to be scaled down because of the pandemic.Preparation for the inauguration at the Capitol this week. Details on the inauguration schedule still have not been released, and planning for the event has also been affected by the storming of the Capitol.Credit…Anna Moneymaker for The New York TimesEric Lipton and Jan. 9, 2021, 10:16 p.m. ETMajor technology companies like Google and Microsoft, as well as telecommunications giants like Comcast and Verizon, are among the nearly 1,000 people and groups that have donated at least $200 to the committee organizing President-elect Joseph R. Biden Jr.’s scaled-back inauguration celebration this month.The donor list, released Saturday evening by the committee, was filled mostly with individual donors, including major givers to Democrats such as Arthur Blank, the owner of the Atlanta Falcons; Richard C. Blum, the husband of Senator Dianne Feinstein of California; and Donald Sussman, a hedge fund mogul.The inaugural committee did not list any of the amounts that these 959 donors had given as of Dec. 31, the end of the period covered in the voluntary disclosure.The actual donor amounts may not be known until 90 days after the inauguration when the committee will be required under law to disclose the names and amounts of all donations over $200. There are no legal limitations on how much a donor can give to an inaugural committee, but Mr. Biden’s committee voluntarily limited contributions by individuals to $500,000 and by corporations to $1 million.Many of the major corporations that traditionally make large contributions to inauguration events are missing. Some have explained that they are not going to donate given that the event will largely be virtual because of the pandemic. Others have said they are focusing their donations on helping people affected by economic downturn caused by coronavirus.But the technology and telecommunications industries, a major source of cash for Mr. Biden’s campaign and the groups supporting it, are well represented on the list, with donations also coming from Qualcomm, a semiconductor and software company based in California, and Charter Communications, a cable company.Google is one of several companies that have donated to the committee organizing President-elect Joseph R. Biden Jr.’s scaled-back inauguration celebration this month.Credit…Laura Morton for The New York TimesGoogle was included on the list because it provided online security protections without charge to the inaugural committee, said José Castañeda, a Google spokesman.Other corporate donations came from Enterprise Holdings political action committee, which is associated with the company that owns the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands.Health care companies also are prominent on the list, including Anthem Inc., the health insurance giant, MedPoint Management, which provides management services to physicians groups, and Masimo Corporation, a maker of electronic patient monitoring devices.The Presidential TransitionLatest UpdatesUpdated Jan. 8, 2021, 10:32 p.m. ETMore national security officials resign from a White House in turmoil.Josh Hawley faces blowback for role in spurious challenge of election results.Read the draft of a leading article of impeachment against Trump.Boeing Company, the aerospace and military contracting giant, is also listed as a donor.The Biden team prohibited donations from the oil, gas and coal industries and registered lobbyists.Labor unions including American Federation of Teachers, the International Brotherhood of Electrical Workers and the United Food and Commercial Workers union made contributions.There was also a sprinkling of celebrities on the list — as was the case with Mr. Biden’s presidential campaign — including Barbra Streisand.A spokesman for the inauguration declined to comment when asked Saturday how much in total Mr. Biden’s committee had raised.The fund-raising effort is likely to pale in comparison to the record $107 million raised four years ago by Mr. Trump for his inauguration, with donations of as much as $5 million from major supporters like Sheldon G. Adelson, a casino executive and major Republican donor.Mr. Biden has urged his supporters not to travel to Washington for the inauguration on Jan. 20, because outside of the swearing-in ceremony, there will be few large-scale in-person events.Details on the inauguration schedule still have not been released, and planning for the event has also been affected by the storming of the Capitol on Wednesday by Trump supporters in an outbreak of violence that stirred concerns about security around the swearing-in ceremony.Organizers have said the inaugural festivities will include a “virtual concert” with some big-name performers, a ceremony to remember people killed by the coronavirus and a virtual event similar to the elaborate roll-call held at the Democratic National Committee last year, which included short videos from all 57 states and territories.But the inauguration committee has still tried to pull in large donations by offering an array of unusual perks. Corporations that contribute $1 million and individuals that contribute $500,000 will receive an invitation to a virtual event with Mr. Biden and Jill Biden, the future first lady, along with a photo, as well as a similar event with Vice President-elect Kamala Harris and her husband, Doug Emhoff.The fund-raising effort is continuing, with the committee sending a solicitation to donors on Saturday night shortly after it released the preliminary list of donors.“Our team is creating a new style of inauguration that integrates traditional elements with creative programming and local events across the country — which is why we’re reaching out today,” reads the fund-raising email, which was targeted to recipients in different parts of the country.The committee, according to the email, wants “to make sure we have strong representation across the country as part of our inauguration grass-roots donors program.”AdvertisementContinue reading the main story More