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☆ Comcast investors focus on lack of broadband growth as shares slump
  + stars: | 2023-10-26 | by ( Alex Sherman | ) www.cnbc.com   time to read: +1 min
Comcast has tried to move investors away from focusing on residential broadband net additions. Additionally, new competition for home broadband from wireless providers such as T-Mobile and Verizon had added to Comcast's lack of residential growth. Since then, Comcast has reported net broadband losses in three of the last five quarters. Comcast executives have pushed investors to focus on broadband's rising average revenue per user (ARPU) growth, driven by price increases, rather than net additions. Comcast's residential broadband ARPU rose 3.9% in the quarter.
Persons: Jason Armstrong Organizations: Comcast, Mobile, Verizon
☆ Death of Tyre Nichols revives calls in Congress for policing reforms
  + stars: | 2023-01-29 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +4 min
Protesters rally against the fatal police assault of Tyre Nichols, outside of the Coleman A. Five Memphis officers, also all Black, were charged with second-degree murder in the beating of Tyre Nichols, who died in hospital on January 10 three days after being stopped on suspicion of reckless driving. Durbin added that he would not rule out a federal investigation into the entire Memphis Police Department following Nichols' death. Some policing reforms were already in place in Memphis at the time of Nichols' death, including a requirement for officers to de-escalate situations where they saw others using excessive force. "Just as much those officers are responsible for the death of Tyre Nichols, so is the implicit bias police culture that exists in America," Crump told ABC's "This Week."
☆ Comcast Names New CFO as Cable Sector Battles Cord-Cutting, Ad Pullback
  + stars: | 2023-01-07 | by ( Jennifer Williams-Alvarez | Mark Maurer | Will Feuer | ) www.wsj.com   time to read: +4 min
Comcast Corp. named a company insider as its next finance chief as the cable and media sector grapples with cord-cutting customers and deterioration in the ad market. Jason Armstrong was appointed chief financial officer, Philadelphia-based Comcast said Friday, after serving for the past nine years in various financial leadership positions. Mr. Armstrong most recently served as deputy CFO and treasurer, responsible for capital formation, capital allocation, credit-related matters and investment management activities. Jason Armstrong, chief financial officer of Comcast. Photo: Comcast CorpSince joining Comcast in 2014, Mr. Armstrong has also had the roles of CFO of Sky, Comcast’s pay-TV giant, and head of investor relations and finance.
☆ Comcast Promotes Jason S. Armstrong to Chief Financial Officer
  + stars: | 2023-01-06 | by ( Will Feuer | ) www.wsj.com   time to read: +1 min
Comcast Corp. said it has named Jason Armstrong as its chief financial officer, succeeding Mike Cavanagh, who was recently named president of the company. Mr. Armstrong has worked at the cable and entertainment giant in various finance roles for about nine years, and most recently served as deputy CFO of the company. Mr. Cavanagh had served as CFO of Comcast since 2015, and was named to the additional post of president in October. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. PREVIEW The elevation of Mr. Armstrong comes as the cable and media sector faces a rapidly shifting landscape.
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