Whew! Comcast Chairman Brian Roberts and NBC Universal President Jeff Zucker are through a round of tireless questioning about their proposed merger on Capitol Hill today.
The CEO duo pitched the $30 billion deal as a benefit for consumers–one that would help bring new innovations to the TV industry. They also promised follow government rules about competitor access to programming on the airwaves and online.
But neither executive gave straight answers about what kind of restrictions they would place on competitors or if they will hike up prices for consumers.
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From The Business Insider, Feb. 4, 2010:The Dow plunged below 10,000 today, and at 4:00 PM it was at around 9999.84.
Some late ticks put it over the top, and the index settled at 10,002. But it was a hollow victory on a day the index fell 2.6%.
The NASD
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Thursday was a tough day for the optimists. Major averages tumbled following a weaker-than-expected jobless claims report and renewed strength in the dollar amid ongoing worries over sovereign debt in Greece, Portugal and Spain.Heading into the close, maj
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Though reconstruction in Haiti has barely begun, organizations are moving to deploy internet services in the country’s capital, Port-au-Prince.
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At the NBC Universal-Comcast Capitol Hill hearings today, company CEOs won’t give a “yes” or “no” answer about whether the merger will raise cable prices for consumers.
Comcast CEO Brian Roberts responded during the question-and-answer session that Comcast is still 80% a cable company and 20% a content company. “So our eye is still very much in that perspective,” he said. Although he doesn’t have “the perfect answer” to solve television’s future issued.
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AT&T has reversed an earlier decision to bar Sling Media’s television-streaming mobile app from its 3G network, but there’s a catch: AT&T worked with Sling to limit the app’s bandwidth, which will affect its audio and video quality.
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During the congressional hearings on the NBC Universal-Comcast merger hearings this morning, Mark Cooper, Consumer Federation of America’s research director, blasted against creating the media giant.
The merger will “increase the likelihood that the ugly business model of the cable cartel will be strengthened and extended to the Internet,” he said.
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Google is in talks with the National Security Agency over an agreement to jointly investigate recent cyber-attacks on the Internet giant that originated in China, according to the Washington Post.
The attacks targeted source code for some of Google’s applications, and compromised the Gmail accounts of human rights activists critical of the Chinese regime.
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Toyota’s crisis appears far from over. The company now says it may recall the latest version of the Prius, after the Japanese government ordered an investigation of its braking system. The U.S. Department of Transportation is also investigatin
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AT&T has reversed an earlier decision to bar Sling Media’s television-streaming mobile app from its 3G network, but there’s a catch: AT&T worked with Sling to limit the app’s bandwidth, which will affect its audio and video quality.
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Rupert is off the reservation again. This is always a possibility when News Corp.’s quarterly earnings reports are issued and Murdoch gets on a conference call with analysts.
Sometimes his people can get him to focus and rehearse and to answer questions in a disciplined way. But other times, when he’s feeling cocky or angry or jet-legged or as though he is the one and only, he won’t prepare—and then God only knows what he’s going to say.
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Update: The accompanying video was taped prior to the open
Thursday; major averages were recently down about 2% following a
weaker-than-expected jobless claims report and renewed strength in the
dollar amid ongoing worries over sover
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In several Tech Ticker appearances last year, Jeff Matthews of Ram Partners made the case that the economy and stock market were going to surprise on the upside, including here and
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