Comcast Reports in Line 1Q; Formally Bids for Sky
Comcast started 2018 with an in line quarter as revenue and EBITDA met Street expectations. Despite video sub losses of 96,000, cable communications revenue improved by 3.6% as business services and Internet revenue both continue to grow. The firm also formalized its bid for Sky at GBX 1,250 per local Sky share, 16% above Fox’s bid. Comcast’s offer is contingent on approval by 50% of independent shareholders and provides protections for the independence of Sky News. While we believe the chance o...Comcast is a media and technology company. The company's segments are: Cable Communications, which provides internet, video, voice, and security and automation services in the United States individually and as bundled services at a discounted rate over its cable distribution system to residential and business customers; NBCUniversal, which includes a portfolio of national cable networks that provide a variety of entertainment, news and information, and sports content, regional sports and news networks, international cable networks, and cable television studio production operations; and Sky, which owns a portfolio of pay television channels that provide entertainment, news, sports and movies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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