It’s official: Comcast is ending its bid to merge with Time Warner Cable, ending a year of effort and expense. The company sent out this press release this morning: Read more »
Comcast announced plans to release a new lightning-fast Internet service in three markets markets, but Philadelphia will have to wait to get its turn.
Dubbed Gigabit Pro, it delivers 2-gigabit-per-second service to homes via a fiber network. Comcast boasts that the service is “at least double what anyone else provides.”
Still seeming to be in ‘pilot mode,’ the company plans to roll out Gigabit Pro first in Atlanta next month, then in the San Francisco area in June. Just this week, the company announced a third market: South Florida. Philadelphia, and other markets, will have to wait until the end of the year. Read more »
Comcast filed financial information with the SEC today, and there are some juicy nuggets in the report.
It isn’t often that the No. 2 guy makes more than the boss, but it happened at Comcast in 2014 according to the company proxy, just filed at the SEC. CEO Brian Roberts made $32.96 million, up 5.1% — but NBCUniversal chief Stephen Burke got a 9% raise to $33.92 million.
Roberts’ package consisted of a $2.9 million salary, $5.3 million in stock awards, $5.4 million in option awards, $9 million in non-equity incentives, $6.5 million change in pension value, and $4 million in other compensation. The last category includes $346,564 for personal use of the company plane.
Most of what we know about Comcast’s seemingly legendary customer service woes is anecdote-driven. Every other week, it seems, we get a new story about a guy losing his house or his job or even his good name because of the company. Now we have some data to back up what all those anecdotes are telling us: Comcast is really unpopular.
It’s been weeks since a Comcast customer service story went viral — but don’t worry. It’s usually just a matter of time. And sure enough, a new story has emerged.
Here’s the short version: Guy works from home. Guy wants to buy a house. House doesn’t have broadband Internet service. Guy asks Comcast — the biggest local provider — if he could be hooked up at the new house. Comcast says yes. Guy buys house. Turns out Comcast doesn’t have a ready connection to the house after all. Now guy must sell the house he bought three months ago.
Comcast is going to try to fix its customer-service woes the old-fashioned way: By throwing bodies at it.
The company announced Monday it is tripling the size of its “social care team” — the folks who respond to customer complaints via Facebook and Twitter — and equipping them to help solve problems quickly.
“The social care team has access to all the same advanced tools and training as our call center agents do, which means they can quickly jump in to solve problems,” Tom Karnishak, Comcast’s senior vice president for customer services, said in a blog post. “They also have a direct line to our tech teams so they can schedule appointments.”
Other news outlets said the announcement means the social care staff will increase its numbers from 20 to more than 60. Company officials indicated that a number of those new jobs would be created in Philadelphia as part of the initiative. Read more »
Apple and Comcast are about to start competing head-to-head.
The Wall Street Journal reports this morning that Apple is planning a “Web TV” service — basically a stripped-down cable offering, delivered via the Internet — that would feature 25 channels. It’s a Comcast cable competitor that, as of now, will carry no channels actually owned by Comcast.
That means no NBC. No Bravo. No SyFy. Read more »
Here’s why Apple is at the top of America’s most-loved companies and Comcast nearer the bottom: Apple is trying to make HBO available to more people — and Comcast, well, Comcast sometimes gets in the way.
News that HBO Go would be available on Apple devices almost overshadowed Monday’s formal unveiling of the Apple Watch. “For years we’ve been praying for HBO to shrug off the cable companies and let us binge on Game of Thrones, and now that they’ve come through, it’s time to put up (our money) or shut up (and keep using our parents’ logins),” GQ said in reaction.
Comcast, meanwhile, has lately been buried under a chorus of complaints that it won’t let its customers stream HBO Go to another device — the PS4 gaming module.
“HBO Go is finally available for Playstation 4 users, huzzah! Unless you have Comcast. Then you’re shit out of luck, because the cable giant isn’t supporting it,” Gizmodo reported last week. Read more »
Does Comcast have its eye on Netflix?
Hard to believe, considering how the companies have feuded in the last year. Netflix has accused Comcast of slowing the delivery of its video into consumers homes and has actively opposed the Philadelphia cable company’s merger with Time Warner Cable.
If the merger falls through, one analyst says, Netflix represents a natural next acquisition target for Kabletown.
“With Netflix now at a $30 billion market cap with most of its profits reinvested in overseas expansion, acquiring Netflix would be massively dilutive to Comcast shareholders. However, Netflix has no control shareholders and we have to imagine the board would listen to a truly compelling offer from Comcast,” writes Rich Greenfield at BTIG Research. “Tech is hard and traditional media companies are simply not offering best-in-class apps across an array of devices. With consumers increasingly interested in ad-free streaming, Netflix could provide Comcast with an incredible team and platform to learn from, which could accelerate Comcast’s virtual MVPD efforts. Not to mention, Comcast could further the reach of Netflix domestically by integrating the service into its set-top boxes.” Read more »
We’ve honestly not been sure how much attention to give the following item, because it’s just a little odd.
But here goes: Comcast is being sued. By Byron Allen. (Older folks will remember him from the show Real People; younger folks might recognize him from his syndicated celebrity interview show, Kickin’ It With Byron Allen.) For racial discrimination. And the proof of that racial discrimination? Well … Comcast has Al Sharpton on the payroll.
Yup. Read more »