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2000 Jobs at Comcast — Why Work at Comcast?

2000 Jobs at Comcast - Why Work at Comcast?

Hard to believe but Com­cast, with $80 Bil­lion dol­lars in rev­enues, was found­ed in Tupe­lo Mis­sis­sip­pi. In 1963, Ralph J. Roberts in con­junc­tion with his two busi­ness part­ners, Daniel Aaron and Julian A. Brod­sky, pur­chased Amer­i­can Cable Sys­tems as a cor­po­rate spin-off from its par­ent, Jer­rold Elec­tron­ics, for US $500,000. At the time, Amer­i­can Cable was a small cable oper­a­tor in Tupe­lo, Mis­sis­sip­pi, with five chan­nels and 12,000 cus­tomers.  Com­cast was even an own­er of Muzak fran­chis­es, the founders of “ele­va­tor music”. Com­cast, orig­i­nal­ly just a  cable com­pa­ny, is now an $80 Bil­lion plus com­pa­ny that owns NBC/Universal which includes the Tele­mu­n­do broad­cast net­works, tele­vi­sion pro­duc­tion oper­a­tions, tele­vi­sion sta­tion groups, Uni­ver­sal Pic­tures and Uni­ver­sal Parks and Resorts. Com­cast with X1 is the Future X1 is the sys­tem they are bet­ting will secure a new gen­er­a­tion of cable lovers and put all the “cable is dead” chat­ter to bed.  Think of it like an advanced cable box — one that finds the shows you want using voice com­mands via its remote. Cable box­es are not what dri­ves X1, it’s the cloud that does and it can be accessed from your phone and tablet. X1 is a cross between an advanced TV…

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Why Amazon will Buy Comcast

Why Amazon will Buy Comcast

The con­cept of world dom­i­na­tion used to be rel­e­gat­ed to sci­ence fic­tion movies how­ev­er Ama­zon may yet become one of the first to make it a real­i­ty. Their recent addi­tion of the Stream­ing Part­ners pro­gram could be the start of Ama­zon as the world’s first glob­al OTT (over the top) pro­gram­ming provider. With 83.5% of Face­book users and 79% of Twit­ter users com­ing from out­side the US, com­pa­nies today must be glob­al­ly focused to tru­ly com­pete and grow.   Com­cast busi­ness is lim­it­ed to the US.  With cable sys­tems pass­ing about 44% of all US homes and 22 mil­lion sub­scribers it has a strong pres­ence but only in the US. Ama­zon is a glob­al com­pa­ny; Accord­ing to Mark Mahaney, ana­lyst at RBC Cap­i­tal Mar­kets, 37% of its 80 mil­lion Prime sub­scribers are from out­side the US and is grow­ing quick­ly. But Why Should Ama­zon buy Com­cast? Amazon’s for­ay into OTT is the pre­cur­sor to the sep­a­ra­tion of the pro­gram­ming plat­form from the wired cable.  I believe that some­time in the next 3 to 5 years most cable com­pa­nies will sell broad­band access only and the pro­gram offer­ings will be spun off into sep­a­rate com­pa­nies which will have lots of com­pe­ti­tion…

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Will Comcast Actually Buy Time Warner Cable or Will this be Charter’s Wake up Call?

Will Comcast Actually Buy Time Warner Cable or Will this be Charter's Wake up Call?

I don’t believe this deal will hap­pen the way its cur­rent­ly struc­tured and here’s why. First off, there are too many volatile vari­ables in this deal in its cur­rent form;  the all stock price, soft­en­ing equi­ties mar­ket and oth­er very moti­vat­ed buy­ers in the mar­ket. I believe that this is only the first move in a larg­er plan. Time Warn­er Cable is uti­liz­ing a very smart strat­e­gy to max­i­mize the sale price for the com­pa­ny; wit­ness that Rob Mar­cus, the CEO, is a for­mer Merg­ers and Acqui­si­tion attor­ney. So the bat­tle for Time Warn­er Cable has come to an end, or has it? Yes­ter­day Com­cast announced a $45.2 bil­lion dol­lar deal to pur­chase Time Warn­er Cable, rep­re­sent­ing a share pur­chase price of $158.82 per share. This is a sig­nif­i­cant increase from Char­ter Cable’s pre­vi­ous offers of $132.50 per share. But there is a big dif­fer­ence. Char­ter’s offer was sub­stan­tial­ly cash and Com­cast’s is com­plete­ly a stock deal. Also, we’re now talk­ing about a major anti-trust review. Even with a sell off of 3 mil­lion sub­scribers Com­cast would still con­trol 30% of the indus­try nation­wide. Giv­en the lack of com­pe­ti­tion in each mar­ket this does not sound like a slam dunk. A year ago Com­cast…

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What is Xfinity and Why Should I Care?

Comcast

Cable giant Com­cast rebrand­ed their TV, inter­net, phone and home con­trol ser­vices two years ago under the name Xfin­i­ty to coin­cide with the digi­ti­sa­tion and wide­spread improve­ment of their ser­vices, includ­ing improved inter­net speeds, HD ser­vices and diver­si­fied con­tent view­ing options. Com­cast are the biggest home inter­net provider and cable oper­a­tor in the Unit­ed States, with stakes in many cable net­works includ­ing NBCU­ni­ver­sal and an oper­at­ing rev­enue of over 55 bil­lion as of last year. They are extreme­ly well estab­lished and have the biggest share of the media oper­a­tor mar­ket, with over 18 mil­lion cus­tomers to date. Comcast’s Xfin­i­ty cov­ers many ser­vices that the com­pa­ny are already well known for pro­vid­ing, which begs the ques­tion “why Xfin­i­ty?”.  While they have stat­ed that the changes in their ser­vices are big enough to jus­ti­fy their re-brand­ing, should we real­ly care? Com­cast Con­fu­sion A major re-brand­ing effort by any com­pa­ny usu­al­ly hap­pens when big changes are made to the prod­ucts and ser­vices offered, but in the case of Com­cast there has evi­dent­ly been some con­fu­sion. The Xfin­i­ty brand was estab­lished in 2010 – two years after the project was first intro­duced under the name “Project Infin­i­ty”- and despite rough­ly $640 mil­lion in adver­tis­ing…

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