DIRS.INFO The most relevant business & tech news

☆ Forget Nvidia. This is the biggest tech earnings mover of the day and Goldman sees 70% upside
▼ + stars: | 2024-11-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The sharp move higher puts the cloud-based data stock on pace for its best day ever. SNOW YTD mountain Snowflake stock headed for its best day ever on Thursday. Goldman analyst Kash Rangan reiterated a buy rating on Snowflake following its third-quarter results, and maintained his price target of $220 per share. JPMorgan, others bullish too JPMorgan Chase analyst Mark Murphy maintained an overweight rating on Snowflake stock, but increased his price target to $185 per share. The analyst reiterated his neutral rating on Snowflake stock but increased his price target to $185 per share from $160, equating to more than 43% upside moving forward.

Persons: Sridhar Ramaswamy, Goldman, Kash Rangan, Rangan, Mark Murphy, Murphy, Brad Sills, he's, Sills, Wells Fargo's Michael Turrin, Turrin Organizations: JPMorgan, Bank of America Locations: Snowflake

☆ Piper Sandler highlights the stocks most likely to benefit from bullish market sentiment
▼ + stars: | 2024-11-21 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street's optimistic tone since Donald Trump secured a return to the White House could have outsized benefits for a handful of stocks that typically gain when sentiment is bullish, according to Piper Sandler. "By many metrics, bullish sentiment is at an extreme," Michael Kantrowitz, Piper Sandler's chief investment strategist and head of portfolio strategy, wrote in a Tuesday note. Against this backdrop, Piper Sandler screened for stocks that are most sensitive to bullish sentiment. Garmin is another stock that historically performs well when market sentiment is high, registering gains 62% of the time. GRMN YTD mountain Garmin stock has gained nearly 60% in 2024.

Persons: Donald Trump, Piper Sandler, Stocks, Michael Kantrowitz, Piper, Uber, Trump, FactSet Organizations: Investors, Uber Technologies, Garmin, Materials, Micron Technology

☆ CNBC Daily Open: Is Nvidia its own worst enemy?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Akio Kon | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors are likely zooming in on the rate at which Nvidia is growing its numbers, compared with its past performance, not just whether it's surpassing expectations. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Akio Kon, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: Nvidia Corp, Nvidia, Summit Japan, Bloomberg, Getty, CNBC, Investors, University's Stern School of Business Locations: Tokyo, Japan, New

☆ Dell pays $2.3 million to settle claims that it overcharged the US Army for computers
▼ + stars: | 2024-11-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

AdvertisementDell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said. Dell has agreed to pay $2.3 million to resolve allegations it violated the False Claims Act in its business with the US Army. Iron Bow has agreed to pay just over $2 million to settle the claims, bringing the combined settlement to $4.3 million. Iron Bow did not respond to a request for comment from Business Insider, made outside normal working hours.

Persons: Dell, Bow, Brent Lillard, Brandon Bell, Brian M, Boynton, Prim, Escalona, Donald Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy Organizations: Dell, US Army, DOJ, The, Justice, Army, Army Desktop, Mobile Computing, Government, Justice Department's Civil, Northern, Northern District of, Elon, " Department of Government, Business Locations: Texas, Bow, United States, Northern District, Northern District of Alabama

☆ Army and its ‘fanatical’ coach aim for perfection. But is that enough?
▼ + stars: | 2024-11-21 | by ( Brian Hamilton | ) www.nytimes.com time to read: +22 min

The Army is doing what it can to make it easier for its football team and the man in charge. As he watched his very first practice as athletic director, Buddie saw his football coach picking up errant wrappers on the field. The Army football team wakes up before sunrise and leaves the practice field after dark, unbeaten and almost too busy to notice anyone noticing. Army coach Jeff Monken, 57, is the second-winningest coach in program history. And Jeff Monken is still the Army football coach.

Persons: Jeff Monken, “, ” Monken, –, I’m, ” It’s, Army –, it’s, Monken, irrelevance, ”, Luke Proulx, Earl “ Red, Steven Gilland, Mike Buddie, Mike, Monken’s, I’ve, Paul Johnson, you’ve, weren’t, ” Proulx, Army hasn’t, Lucas Scott, Buddie, disperses, Cody Winkour, Drew Thatcher, Cody Worley, Nate Woody, Thatcher, Worley, who’d, Bryson Daily, ” Worley, Woody, Andon Thomas, Jon Rhattigan, who’s, he’s, Dan Patrick Show ”, needling, he’ll, “ I’ve, ’, they’re, might’ve, Kanye Udoh, David Jensen, Tom Osborne, Woody Hayes, Joe Paterno, Johnson, ” Johnson, ” Buddie, He’s, – Johnson, ’ ” Johnson, they’ll, “ That’s, ” Scott, Udoh, It’s, ‘ I’m, Meech Robinson, Dustin Satloff Organizations: Army, College Football, Michie, they’re, Knights, Notre Dame, Yankee, United States Military Academy, Black Knights, Associated Press, Navy, ” Army, Millikin University, of Fame, Georgia Tech, III, Georgia Southern, Military, NCAA, Division II Nebraska, Monken, Ohio State, North, Carolina Panthers, Football, North Texas, Daily, The Army football, Longevity, Nutrition, American Athletic Conference, College, Cadet Locations: Fort Putnam, Hudson, Decatur , Ill, Joliet, Hawaii, Honolulu, Illinois, U.S.A, Kearney, North Texas, Carolina, West, ”, Georgia, Russia, Ukraine

☆ Target's recent trade imports data tells the real story behind massive earnings miss
▼ + stars: | 2024-11-21 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

But cargo container trade data reviewed by CNBC tells a more nuanced tale. "We took some action to move product ahead of the port strike which came with more cost," Fiddelke said. Target's peak season imports for 2024 compared to 2023 were flat to down, according to cargo container volumes data pulled and analyzed by ImportGenius. According to customs data aggregated by Panjiva, Walmart imported 25,000 shipments from May 31-August 31, valued at $1.3 billion. "With any frontloading for the port strike, inventory would be up even higher than that."

Persons: Brandon Bell, Brian Cornell, Michael Fiddelke, Fiddelke, William George, Lynn Hughes, we're, Jerry Storch, Storch, Joe Feldman, Feldman, Bill Simon, Simon, Melissa Repko Organizations: Getty, CNBC, Target, ILA, ImportGenius, Storch Advisors, Panjiva, Walmart, Telsey Locations: Austin , Texas, U.S, New England, Texas, West Coast, Savannah , Georgia, Long Beach , California, of Virginia, West, East Coast, Gulf

☆ CNBC Daily Open: Could Nvidia’s greatest obstacle be itself?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Ann Wang | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Even though Nvidia's third-quarter revenue soared 94% on an annual basis, it's a slower pace than Nvidia's growth in the previous three quarters, when sales rose 122%, 262%, and 265%, respectively, as CNBC's Kif Leswing notes. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Ann Wang, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: NVIDIA Blackwell, Reuters, CNBC, Nvidia, Investors, University's Stern School of Business Locations: Taipei, Taiwan, New

☆ Brian Harman: Woman in coma after trying to save golfer’s six-year-old son from drowning
▼ + stars: | 2024-11-21 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +2 min

CNN —American golfer Brian Harman said on Tuesday that a woman is in a coma after trying to save his son from drowning in October. The incident occurred when Harman was in China and his wife and children were vacationing in Ponte Vedra Beach, Florida. Another man, Crane Cantrell, entered the water and pulled Harman’s son to safety. “(Dowdy) went in the water after my son,” Harman told reporters, via the PGA Tour. “They disregarded their selves, went into the water, saved my son, and how do you thank people like that?

Persons: Brian Harman, Harman, Cathy Dowdy, Harman’s, Crane Cantrell, ” Harman, “, couldn’t, Cathy, “ She’s, Crane, ”, Dowdy, Dowdy’s, Mike, we’ve, Simons Organizations: CNN, RSM, PGA, Johns Citizen, Mayo Clinic, Specialty, PGA Tour Locations: American, St, , Georgia, China, Ponte Vedra Beach , Florida, Mayo, Savannah , Georgia, Glynn County

☆ The fate of MSNBC could be in Trump’s hands
▼ + stars: | 2024-11-21 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

It’s true that analysts expect the Trump administration to generally be less hostile to mergers. Yet it’s also true that some Republicans – including some tapped to join the Trump administration – have been described as “Khanservatives” because they’ve called for tougher, not weaker, antitrust scrutiny. Earlier this year, Gaetz told NOTUS that the FCC chair’s work “inspired me” and he expressed hope she stays in power for a Trump administration. As Gaetz fights to survive a tough nomination process to be attorney general, Comcast dropped a bombshell in the media industry by spinning off MSNBC, CNBC, USA, Oxygen and other networks. “It’s hard not to look at the spinoff of CNBC and MSNBC as potentially a response to the new administration,” said Petro.

Persons: Donald Trump’s, Trump, Donald Trump, ” Craig Moffett, MoffettNathanson, Brendan Carr, Trump’s, Kamala Harris, Carr, Skydance’s, ”, Moffett, Jeffrey Sonnenfeld, Sonnenfeld, Gaetz, Vance, Lina Khan, it’s, they’ve, JD Vance, Khan, Biden, Matt Gaetz, NOTUS, “, Brian Roberts, Will Trump, Frank Louthan, Raymond James, It’s, Louthan, Lee Petro, Dickinson, it’s “, Petro Organizations: New, New York CNN, Department, T’s, CNN, Timer Warner, Trump, Comcast, MSNBC, CNBC, NBC, DOJ, Federal Communications Commission, FCC, Paramount, Fox News, CBS, Yale, Leadership, Time Warner, Biden, Federal Trade, ”, Washington DC Locations: New York, Florida, USA

Mike DeWine, Columbus Mayor Andrew Ginther and other city leaders condemned the neo-Nazis in statements and on social media. But Black locals like Holmes wanted to do more and send a message of solidarity, they said. A group of Black leaders and locals marched through Columbus, Ohio, in a “unity” rally. Dozens of men walked, many side by side, down North High Street, many dressed in all black. He said the atmosphere among Black Columbus residents was one of fear and anxiety, with many wondering if they were safe in the city.

Persons: Derrick Holmes, ” Holmes, Joe Biden, Andrew Bates, Nazism, Mike DeWine, Columbus Mayor Andrew Ginther, Holmes, Black, Sean Walton Jr, Brian Winston, Walton, ” Winston, “, ” Walton, ”, Elaine R, Bryant, Winston, Donald Trump’s, Anne Frank ”, Trump, Christian supremacists, Trump’s, Karoline Leavitt, Oren Segal, Jon Lewis, George, ” Lewis Organizations: Columbus ’ Union, Columbus ’ Union Grove Baptist Church, North, North Arts District, ”, ” Ohio Gov, Columbus Mayor, of, Black Columbus, Columbus, Columbus Division of Police, Police, Washington Post, Nazi, Defamation League Center, Extremism, New York Times, Hate, George Washington University’s Program Locations: Columbus , Ohio, Columbus, Columbus ’ Union Grove, United States, ” Ohio, of Central Ohio, Houston, Black, Michigan, Ohio, Springfield, Charlottesville , Virginia, Louis, “

Target reported earnings Wednesday that came in far below Wall Street's expectations, something the big-box retailer attributed to slower-than-expected demand. The company announced profits that missed forecasts by 20%, its widest miss in two years. Broader stock trading did not immediately react, however, as Wall Street awaits earnings from chipmaker Nvidia, which has helped power the market higher throughout the year. Target's report comes a day after rival Walmart reported earnings and revenues that beat expectations. “We’re expecting this holiday period to be very consistent with that,” Walmart Chief Financial Officer John David Rainey told CNBC.

Persons: Brian Cornell, Michael Fiddelke, “ We’re, John David Rainey, “ They’re Organizations: Target, Nvidia, Walmart, CNBC

Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News. Comcast had announced during its quarterly earnings call in October that it was considering spinning off its cable networks. Bravo will remain part of Comcast’s NBCUniversal because its content is heavily featured on Peacock, CNBC reported. Comcast Chairman and CEO Brian Roberts will have a voting position in the new entity, but he won't be on the board of directors, CNBC reported. Executive Vice President Adam Miller will become NBCUniversal’s chief operating officer, CNBC reported.

Persons: Mike Cavanagh, Peacock, Peacock's, Mark Lazarus, Anand Kini, Brian Roberts, Donna Langley, Matt Strauss, Cesar Conde, Adam Miller Organizations: Comcast, NBC News, MSNBC, Syfy, Golf, CNBC, Oxygen, Wall Street Journal, NBC, NBCUniversal, Bravo, Paris, NBCUniversal Entertainment, Studios, NBCUniversal Media Group, Group, Telemundo Locations: USA, NBCUniversal

☆ Target shares plunge 21% after discounter cuts forecast, posts biggest earnings miss in two years
▼ + stars: | 2024-11-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

The big-box retailer reversed course and cut its full-year profit guidance, just three months after hiking that forecast. That's lower than the $9 to $9.70 per share range that it shared in August and below the $9.55 a share expected by analysts, according to StreetAccount. That metric, which is also known as same-store sales, includes sales on its website and stores open at least 13 months. The company fell short of Wall Street's earnings per share estimate by 20%, its biggest miss in two years. Target eked out a comparable sales gain of 0.3%, as shoppers spent more on its website but less at its stores.

Persons: Brian Cornell, Michael Fiddelke, Rick Gomez Organizations: LSEG, Shoppers, Target Locations: Selinsgrove . Target

☆ Researchers found a treasure trove of fossils in a Bahamian blue hole that could transform our understanding of the island
▼ + stars: | 2024-11-20 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +1 min

The blue holes' future is in limbo. Kakuk continues to dive but no longer looks for fossils in Sawmill Sink. Neither she nor Kakuk dives at Sawmill Sink anymore. Plans to turn the blue holes into a national park, too, have stalled. And there's plenty more to be found in the blue holes.

Persons: Kakuk, Brian Kakuk, Hurricane Dorian, " Steadman, Steadman Locations: Sawmill Sink, Albury

☆ Social Security beneficiaries to soon receive notices revealing the size of their 2025 benefit checks
▼ + stars: | 2024-11-20 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Westend61 | GettyA new 2.5% cost-of-living adjustmentIn 2025, retirement benefits will increase by about $50 per month, on average, according to the Social Security Administration. Medicare Part B premiums are often deducted directly from Social Security checks. Beneficiaries can also request to have Medicare Advantage or Part D premiums deducted from Social Security benefit payments, according to Mary Johnson, an independent Social Security and Medicare analyst. Income changes may prompt higher taxesSocial Security beneficiaries may request to have withholding for federal taxes deducted from their benefit payments. Social Security benefits are taxed on a formula called combined income — the sum of adjusted gross income, nontaxable interest and half of Social Security benefits.

Persons: Joe Elsasser, Mary Johnson, Jim Blair, Brian Vosberg Organizations: Getty, Social Security Administration, Social Security, Medicare, Centers, Services, Social, Premier Social Security Consulting, Security, Vosberg Wealth Management Locations: Glendora , California

☆ Xpeng: have to 'do whatever it takes' to stay competitive despite tariffs
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXpeng: have to 'do whatever it takes' to stay competitive despite tariffsBrian Gu of Xpeng talks about his company's AI strategy, believing that it will improve driving systems and customer experience. He still sees Europe as a key market despite tariff risks, and is focusing on building up local capacity within Europe.

Persons: Brian Gu, Xpeng Locations: Europe

☆ Stocks making the biggest moves premarket: Target, Dolby Labs, Nio, Netflix and more
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Target – Shares plunged more than 17% after the Minneapolis-based retailer missed third-quarter earnings and revenue estimates and slashed its full-year guidance, just three months after raising that forecast. Delta Air Lines – The Atanta-based carrier fell more than 1% after reiterating its outlook for the fourth quarter . Nio – U.S. shares fell more than 2% after the Chinese electric vehicle maker posted lower-than-expected revenue for the third quarter. Dolby earned 61 cents per share in its fiscal fourth quarter, above analysts' estimated 45 cents per share, according to FactSet. Powell Industries – Shares of the electrical equipment company fell 13% after new orders in the fiscal fourth quarter fell to $267 million from $356 million in the third quarter.

Persons: NBCUniversal, Brian Roberts, Goldman Sachs, Morgan Stanley, Nio, Dolby, Robinhood, Needham, Keysight, Piper Sandler, Mike Tyson, Jake Paul, —, Alex Harring, Jesse Pound, Pia Singh, Sarah Min Organizations: –, Comcast, CNBC, MSNBC, Delta Air Lines, Delta, FactSet, Dolby, Technologies, Powell, BDO, Nasdaq, Netflix Locations: Minneapolis, Nio –

☆ Target shares plummet 18% in premarket trade as it posts disappointing earnings and cuts guidance
▼ + stars: | 2024-11-20 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

The retailer cut its full-year financial guidance and reported sales growth of just 0.3%. Target shares plunged as much as 18% in premarket trading after the retailer posted disappointing third-quarter earnings and lowered its financial guidance for the year. On Wednesday, Target reported adjusted earnings per share of $1.85, down just under 12% year-over-year. AdvertisementIn the release, Target also cut its full-year financial guidance, saying it expects earnings per share of between $8.30 and $8.90. At its second-quarter earnings in August, the retailer said it expected full-year EPS of between $9 and $9.70.

Persons: Brian Cornell Organizations: Analysts, Revenue, Target Corporation, Target, Walmart, Costco

☆ Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said. Chief Commercial Officer Rick Gomez provided additional detail about how this new consumer pattern has played out for the company. Advertisement"Our Target Circle week this quarter was one of our biggest yet," he said. Unseasonably warm temperatures also meant that shoppers delayed their purchases of cold-weather apparel until they actually needed it, Gomez said. "Would you be willing to trade some of the upside in those areas for even more consistency from quarter to quarter?"

Persons: Brian Cornell, Rick Gomez, Gomez, Neil Saunders, —, Fitch, David Silverman, Michael Lasser, Cornell Organizations: Target, Walmart, Data, UBS Locations: New York

☆ Jose Ibarra sentenced to life in prison without parole for Laken Riley murder
▼ + stars: | 2024-11-20 | by ( Nicole Chavez | ) edition.cnn.com time to read: +6 min

Riley’s family cried and multiple gasps and sobs were heard in the courtroom when the first guilty decision was announced. The defense questioned the quality of that DNA evidence and its analysis. In addition, a blood-like stain on a navy blue jacket found in a dumpster contained the DNA of Riley and Ibarra, Hinkle testified. He slammed current immigration policy, saying Ibarra should have not been allowed to enter the United States. “Open border policies failed Laken Riley, and today’s verdict is a reminder that the safety of our communities must remain our number one priority.

Persons: Laken Riley, Jose Ibarra, H, Patrick Haggard, Ibarra, Riley’s, Riley, sobs, ”, Allyson Phillips, Phillips, ” Riley’s, Connolly Huth, Judge Haggard, ” Huth, “, Arvin Temkar, Kaitlyn Beck, Ashley Hinkle, Joshua Epps, Hinkle, Investigators, Sheila Ross, Hyosub, Donald Trump, Brian Kemp, ” Kemp Organizations: CNN, Augusta, University of Georgia, Atlanta, AP, Ibarra, Prosecutors, of Investigation, UGA, Adidas, Georgia Gov Locations: Venezuela, Athens, Clarke, Augusta University’s Athens, Georgia, Ibarra . Georgia, United States

☆ Oppenheimer's top stock picks heading into year-end
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Meanwhile, the Dow Jones Industrial Average and the S & P 500 are each up more than 3% month to date. As November nears its close, Oppenheimer has updated its top stock ideas list. Its $145 price target reflects almost 22% upside from Tuesday's close. Oppenheimer believes medical technology company Transmedics is also due for a rally, as its $125 target reflects nearly 51% upside from Tuesday's close. TMDX YTD mountain TMDX, year-to-date For newly added Citigroup, Oppenheimer's $107 target implies more than 56% upside from Tuesday's close.

Persons: Stocks, Donald Trump's, Oppenheimer, Rob Lynch, Brian Bittner, Suraj Kalia Organizations: Oppenheimer, Nasdaq, Dow Jones Industrial, Citigroup, Oppenheimer's Locations: Instacart

☆ Comcast’s cable networks spinoff raises questions about future of the TV business
▼ + stars: | 2024-11-20 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.

Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, ”, ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, “, Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York

☆ Meta is leading the race to monetize generative AI, says Morgan Stanley analyst
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta is leading the race to monetize generative AI, says Morgan Stanley analystBrian Nowak, head of U.S. internet research at Morgan Stanley, says Meta is winning the race to monetize generative artificial intelligence and machine learning, though more innovation and use cases are needed in the segment.

Persons: Morgan Stanley, Brian Nowak, Meta

☆ Why 'Real Housewives' maker Bravo is the only cable TV network that Comcast doesn't want to get rid of
▼ + stars: | 2024-11-20 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

AdvertisementComcast is looking to separate from most of its cable networks. Comcast wasn't bluffing about unloading its steadily declining cable TV networks. Related Video Why MassMutual is all in on the Boston Red Sox, according to CMO Jennifer HalloranNotably, Comcast's NBCUniversal isn't biding all of its cable networks adieu, however. However, Moffett said that the spun-off networks likely make more sense with Comcast than on their own. AdvertisementWhatever the fate of the spinoff, Comcast clearly sees the value of Bravo's scripted content, compared to the more challenged TV news business.

Persons: Jennifer Halloran, Comcast's, Bravo, Peacock, Brandon Katz, Katz, Nielsen, Michael Hodel, Craig Moffett, MoffettNathanson, Moffett, Rich Greenfield, Brian Wieser, Wieser Organizations: Comcast, Bravo, Boston Red Sox, NBC, Syfy, USA Network, Morningstar, NBA, Lightshed Partners, Madison, Investors Locations: Wall

☆ Comcast doesn't want its cable TV networks anymore
▼ + stars: | 2024-11-20 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

One of the country's biggest cable TV companies doesn't want its cable networks anymore. That's the pitch Comcast is making Wednesday as it announces plans to split off almost all of its cable TV networks into a new company. Into the spinco goes every cable network Comcast owns except for Bravo. For the record: Comcast says it thinks the cable networks it is ditching can be successful on their own. And as I said last month: Comcast is getting rid of its basic cable networks for the same reason everyone who owns basic cable networks would like to get rid of their cable networks.

Persons: Brian Roberts, Trump, Kamala Harris, Brendan Carr, Trump's Organizations: Cable, Comcast, Bravo, CNBC, MSNBC, NBC, Paramount, Warner Bros, Discovery, Disney, Federal Communications Commission, CBS, Fox News Locations: USA

Search resuls for: "brian"

25 mentions found