The U.S. Federal Communications Commission is likely to vote today to uphold a network complaint against Comcast Corp, the largest U.S. cable television operator, which was accused of violating open-Internet principles by blocking peer-to-peer traffic on its network.
It’s been a rough few weeks for cable operator Comcast Corp. U.S. regulator FCC is on the verge of punishing it for allegedly fiddling with subscribers’ use of peer-to-peer services like BitTorrent while New York Attorney General Andrew Cuomo is threatening to sue if Comcast doesn’t agree to join other Internet service providers to block access to child pornography.
Comcast, the largest U.S. cable TV operator, might have had a strong first quarter, started paying a dividend, and even be able to claim to be one of the best performing stocks in 2008 in its sector – but CEO Brian Roberts still couldn’t catch a break from shareholders at Wednesday’s annual general meeting.
So who’s winning the pay-TV so far this year? With days to go until two of the biggest cable operators (Time Warner Cable on Wednesday and Comcast on Thursday) report first quarter financial results, Reuters canvassed eight Wall Street analysts for their estimates of subscriber net additions during the period.
Two sectors may be getting a new lease on life after the Wall Street Journal reported news that a handful of the top U.S. cable operators are exploring a joint venture with Sprint Nextel and Clearwire to create a national high-speed wireless network to fight off the telcos for subscribers.