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Why cable companies like Comcast and Charter are leaning into mobile service
CNBC· 2025-04-23 13:15
In this article But the growth in mobile hasn't yet equated to growth in the companies' stock prices. Investors have largely shrugged at the strides made in mobile, likely due to the intense focus on broadband, industry executives and analysts told CNBC. 10'000 Hours | Digitalvision | Getty Images Cable companies are increasingly calling on mobile for their next big opportunity. The cable industry's foray into wireless has long been considered a retention tool for the behemoth broadband business. Less than ...
Comcast SpinCo Appoints Ex-Fast Food CEO David Novak As Chairman
Deadline· 2025-03-19 16:50
Group 1 - Comcast has appointed David Novak as chairman of its upcoming spinoff entity, SpinCo, which will separate from Comcast by the end of the year [1][3] - SpinCo will include major networks such as MSNBC and USA, while Bravo will remain with the parent company [1] - SpinCo is projected to generate $7 billion in annual revenue and will have a reach exceeding 65 million U.S. households [5] Group 2 - David Novak has a strong background in driving growth and value creation, having previously served as CEO of Yum! Brands from 2000 to 2014 [2][3] - Comcast CEO Brian Roberts expressed confidence in Novak's ability to lead SpinCo and work with Mark Lazarus on its long-term strategy [3][4] - Novak's leadership experience includes serving on the boards of various organizations, including JPMorgan Chase and the Lift-a-Life Novak Family Foundation [4]