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Comcast sinks despite profit beat, as broadband subscribers slip and ad revenue slumps

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Comcast topped both revenue and profit estimates in the third quarter, but the largest U.S. internet provider lost high-speed broadband customers and NBCUniversal advertising revenue slumped.Shares of the company slipped…

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Comcast investors focus on lack of broadband growth as shares slump

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Signage is displayed in the window of a Comcast Corp. Xfinity store in King Of Prussia, Pennsylvania.Charles Mostoller | Bloomberg | Getty ImagesComcast has tried to move investors away from…

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Spotify stock jumps 10% as cost-cutting boosts streamer to first quarterly profit in a year

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Spotify shares closed 10% higher on Tuesday after the company reported a surprise profit for the third quarter — its first quarterly profit in a year and a half —…

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Netflix aims to ‘crawl, walk, run’ when it comes to video games. It’s still crawling

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It's been nearly two years since Netflix first announced its foray into gaming. Yet, as Netflix has more than tripled its game library from 24 to 77 games in the…

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Paramount’s Shari Redstone is open for business, but business may not be open for her

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Shari Redstone, president of National Amusements and controlling shareholder of Paramount Global, walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July…

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Trump’s Truth Social is promoting the Biden campaign’s new account

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U.S. President Joe Biden delivers remarks on the September Jobs Report at the White House in Washington, D.C., on Oct. 6, 2023.Kevin Dietsch | Getty ImagesNot a joke, folks.Former President…

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Netflix flips the streaming script again with a return to growth mode

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Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023.Joan Cros | Nurphoto | Getty ImagesNetflix is correcting the Great Netflix…

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Disney’s wildest ride: Iger, Chapek and the making of an epic succession mess

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Illustration by Elham AtaeiazarAfter pushing back his retirement four times, Bob Iger finally made the leap. On Feb. 25, 2020, he announced he would step down as Disney's CEO. His…

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Apple buying Disney would be a storybook ending for Iger, but fairy tales aren’t real

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About 10 years ago, I invented a rule about covering mergers and acquisitions that still hasn't failed me.Here it is: Will Apple buy [insert company of your choice here]? -->…

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Comcast, Disney hire investment banks to value Hulu as sale process makes progress

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Bob Iger, CEO, Disney, and Brian Roberts of ComcastGetty ImagesComcast and Disney have hired investment banks to value Hulu, the next step in what's been a nearly five-year process to…