Comcast, NBC Universal pledge support for local news

December 3, 2009

Comcast has finally unveiled its formal announcement that it plans to take control of NBC Universal from General Electric. Public interest groups and various U.S. government types have been tutting and clucking over whether this media mega-deal would be against the national interest, and few doubt that Congress and the administration will want to review this plan in loving detail.

from Summit Notebook:

A Barry Diller sampler from the Reuters Global Media Summit

December 2, 2009

Interviewing IAC chief and media mogul Barry Diller nearly always means that you'll get more quotable quotes than you can stuff into one article. He didn't disappoint at this year's Reuters Global Media Summit on Wednesday. Here are thoughts from Diller on a range of subjects from mergers and acquisitions and Comcast to AOL, MGM and marriage.

from Summit Notebook:

What will the media company of the 21st Century look like?

November 27, 2009

In the run-up to the annual Reuters Media Summit, taking place in New York and London next week, we have been asking experts and executives how they think media companies should reinvent themselves for the 21st Century.

Time Warner Cable ready to fight high program costs

November 25, 2009

Time Warner Cable, the normally placid No.2 U.S. cable operator, is getting ready for a fight with its programming partners at the cable networks and broadcasters over rising affiliate fees. In truth, TWC has always been ready for a fight with the programmers. This time, it wants to make the first move and get its 14 million subscribers behind it.

from DealZone:

DirecTV adds to media merger excitement

November 19, 2009

With media titans GE and Vivendi still negotiating a deal to bring cable operator Comcast into a mega-media joint venture, a management move at DirecTV is giving dealwatchers a fresh programming alternative.

Comcast’s TV Everywhere might actually work everywhere

November 13, 2009

Comcast’s Interactive Media president Amy Banse talks on this video clip about the launch of TV Everywhere in December at the NewTeeVee Live 09 event. TV Everywhere, for anyone who’s been on Mars for the last year, is the cable industry’s attempt to make cable programming available over the Web for no extra charge to paying subscribers. Comcast’s version of it will actually be called On Demand Online and is currently on trial with 5,000 Comcast homes. This chat with Banse gives some insight into the largest U.S. cable operator’s plans and includes a couple a couple news nuggets for watchers of this space:

Media, tech moguls meet in New York (You are NOT invited)

November 3, 2009

Media and technology executives are meeting Wednesday and Thursday in New York City at a conference hosted by private equity firm Quadrangle. Note the word private.

Comcast’s Brian Roberts at Web 2.0 (video)

October 22, 2009

Comcast Chief Executive Brian Roberts took time out from strategizing over his company’s reported bid to buy NBC Universal to speak at the Web 2.0 Conference in San Francisco on Tuesday. As expected, Roberts declined to comment on any ”specific” deals including NBC. But he did indicate as he has done in the past that content will be an important part of his company’s future and that it is always “prudent” to take a look at opportunities as they come up.

Media merger mania? Viacom’s Dauman doesn’t see it either

October 20, 2009

Just about everyone who covers media is talking about whether a potential Comcast-GE deal for NBC Universal will kick off a round of consolidation in media.******One executive — one very smart executive — who doesn’t think we’re in for a tidal wave of mergers is Viacom’s Philippe Dauman. (Word is Dauman earned a perfect score on the SAT — at the age of 13). After a speech at Executives’ Club of Chicago on Tuesday, we asked Dauman about consolidation.******”As far as we’re concerned, we ‘re focused on growing our brands, growing our business. We have tremendous brands with a lot of room for growth both in the U.S. and internationally. It’s a big opportunity for us.******”We’ve been involved involved in a lot of consolidation in our corporate history. The record of success in media consolidation has not been all that great for the most part so for ourselves we think the better strategy is to grow organically.”******But what does Dauman think about about the rest of the industry? To that question, he noted that “all of us in the traditional media business have seen the pitfalls” of big mergers, but Comcast may decide to chase a deal because of its unique circumstances. He didn’t elaborate, but we all know that Comcast has longed for more content for quite some time. The structure of the deal reportedly under consideration may work in Comcast’s favor since it doesn’t have to issue any equity.******Dauman isn’t the only smart guy in the media industry of course. Time Warner chief Jeff Bewkes made similar though slightly more cutting comments about the prospect of the Comcast-NBC deal last week and about what it said about success of previous big media mergers.******Dauman was more diplomatic.******”There’s a unique set of circumstances here that won’t necessarily in and of itself trigger a wave of other activity,” Dauman said.