TVSpy
With its earnings being dragged down by costs associated with the NBC deal, Comcast is hoping to have the takeover finalized by the end of the year.
Discussing the NBC Universal deal in a recent conference call, Comcast CEO Brian Roberts said that the regulatory reviews are “on track to enable us to close by the end of this year.”
Which is good news, at least for Comcast shareholders. The company posted an 8.2% decline in 3Q earnings. According to CNET, its total earnings “were impacted by the $66 million in total expenses that Comcast was forced to take in relation to its NBCU transaction.”
And while Comcast’s earnings illustrate the financial toll that the NBCU deal has taken, the report also hints at what the company stands to gain by owning NBCU. Comcast’s 3Q performance beat expectations and a key factor was that the company managed to increase the amount of revenue it earned from each video customer by 10%, according to Reuters. With NBCU’s valuable roster of cable properties in hand, Comcast can expect to increase its profit from video customers. The only question now is “when?”