COMCAST CORP-CLASS A

13 Aug

Paris Olympics Average 30.6 Million Viewers, 82% Bump From Tokyo

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About 30.6 million people on average watched the Paris Olympics on Comcast Corp.’s US media outlets each day, an 82% increase from the Tokyo Olympics.The number includes the NBC broadcast network, cable channels such as USA and the Peacock streaming service, NBC Sports said in a release on Monday. Sunday’s closing ceremony attracted a US audience of 20.8 million, more than double Tokyo’s. Source link lol

Warner Bros. Takes $9.1 Billion Writedown on TV Networks

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Warner Bros. Discovery Inc., the parent of CNN and TNT, posted a second-quarter charge of $9.1 billion after writing down the value of its traditional TV networks.The company, created in 2022 when Discovery Inc. acquired WarnerMedia, has concluded that cable channels like CNN and TNT are no longer worth what they were when the $42 billion merger was completed. Source link lol

Disney Tops Views With First Streaming Profit; Parks Disappoint

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Walt Disney Co. gave a mixed picture as it reported third-quarter results on Wednesday, with weakness at its famed theme parks offsetting its first-ever profit in streaming. Disney’s US theme parks, which were buffeted by rising costs and tepid demand, missed Wall Street estimates for sales and profit. The company said its Disneyland Paris park suffered from a reduction in summer travel due to the Olympics, and noted some “cyclical softening in China.” Source link lol