Comcast Corp: Last News

Brian Steinberg Senior TV Editor Chris Winfrey, a longtime senior executive at cable giant Charter Communications, will become president and CEO of the company, starting December 1. He will succeed Tom Rutledge, the cable-industry veteran ,who will serve as executive chairman of the company and its board of directors. Winfrey has been chief operating officer of Charter, the operator of the massive Spectrum cable service, after a long stint working as its chief financial officer., “It has been an honor and a pleasure to lead Charter and this incredible team over the past 10 years,” said Rutledge, in a statement. “We have grown the company through innovation and strategic investments and have positioned Charter to provide the best converged connectivity products and services available today. During my 50 years in this industry, I have witnessed first-hand its ability to continually evolve and change the world, and our opportunity today is greater than ever with ubiquitous connectivity being central to everything we do.”

Brian Steinberg Senior TV EditorViacomCBS said second quarter profit rose as advertisers spent more robustly on its media assets and the company saw new revenue from a host of streaming initiatives.The New York owner of the CBS broadcast network, Showtime, Nickelodeon and the Paramount movie studio, said revenue  rose 8% to $6.6 billion, fueled by gains in ad sales, fees from affiliates and streaming activity. The company also said it added 6.5 million new streaming subscribers, to reach a total of more than 42 million, and unveiled a pact with rival Comcast Corp.

CEO Brian Roberts welcomes 'reflection and discussion' in wake of George Floyd's 'senseless killing'