Fox Business - The Power to Prosper
Search Site

Wednesday, April 7, 2010 as of 11:14 AM ET

Steve Burke

Steve Burke may refer to:

Read More at Wikipedia
WSJ UPDATE: Comcast 1Q Profit Rises 30% As Video Losses Slow

Comcast Corp.

(CMCSK, CMCSA) reported a 30% higher first-quarter profit as strength in its broadband business helped offset weaker results from its TV networks.Revenue increased 23% to $14.88 billion, although that growth was only 9.6% on a pro forma basis, in which the numbers are accounted as if the NBCUniversal acquisition was effective on Jan. 1, 2010. Comcast acquired a majority stake in NBCUniversal at the end of January last year.Comcast's strong performance in its broadband and business services divisions show how video has become less of a source of growth for cable operators as the pay-TV market has matured and rising television-programming costs put pressure on video revenue. Revenue from the sale of high-speed Internet via broadband rose 10% while video revenue only grew 1.6%. Comcast on Wednesday said it added 439,000 residential broadband subscribers during the first quarter, a 5% increase. Business services, a smaller part of the cable unit, also posted strong growth.In ...

Read More

  1. Comcast Announces Zucker Replacement

    FBN's Connell McShane on Comcast announcing Stephen Burke will succeed Jeff Zucker as NBC Universal CEO.

  2. Comcast COO Burke to Succeed Zucker

    FBN's Connell McShane on the announcement that Steve Burke will become the new CEO of NBC Universal.

  3. Wal-Mart Offers $4B For South Africa's Massmart

    FBN's Connell McShane on Wal-Mart's potential acquisition of the South African company.

  4. Unilever Buying Alberto Culver For $3.7B

    FBN's Connell McShane on the consumer-products maker's acquisition of Alberto Culver.

  5. NBC Braces for All-Out Executive War

    FBN's Charlie Gasparino breaks down the power-struggle emerging at NBC.

  6. With Zucker Leaving, NBC Braces for All-Out Executive War

    Jeff Zucker’s departure from NBC has set the stage for an all-out war among remaining top executives at the firm, pitting Mark Hoffman, who runs the CNBC business ch...

  7. Comcast Hires Former Charter CEO as New President

    Comcast Corp. (CMCSA) has hired former Charter Communications chief executive Neil Smit as president of its cable operations.Smit, 51, will take over part of the rol...

  1. Business Leaders: JPMorgan Chase's Jamie Dimon

    Name: James "Jamie" Dimon DOB: March 13, 1956 Company: JPMorgan Chase & Co. Position: CEO Previous roles: Chief operating officer, JPMorgan Chase; CEO of Bank One Co...

  2. Dow Enjoys Hottest January Since '97 as Egypt Fears Ease

    FOX Business: The Power to ProsperCapping off their best January since 1997, the blue chips landed solidly in the green on Monday as Wall Street’s Egyptian fears ebb...

  3. NBC Universal Chief Burke Resigns as Comcast COO

    NBC Universal's new chief executive, Steve Burke, has resigned as Comcast Corp's (CMCSA.O) chief operating officer but will remain an executive vice president of the...

  4. Senator says Comcast/NBC may have broken law

    WASHINGTON (Reuters) - Senator Al Franken , a critic of Comcast Corp's proposed deal for control of NBC Universal, asked the Justice Department on Monday to investig...

  5. Comcast Reveals NBCU Management Structure

    Comcast Corp on Thursday named several executives who will hold top jobs at NBC Universal after the cable company takes control of the broadcaster and movie studio.F...

  6. Univision's Impact on Midterm Elections

    Univision CEO Joe Uva on the network’s impact on the midterm elections and whether the company will go public in the near future.

  7. Allen: Third Party Needed in BP Oil Spill Response

    FBN's Sandra Smith on National Incident Commander Thad Allen's comments that a third party is needed in future spills to handle the response.

Freebase CC-BY
Source: Steve Burke on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL