Why Comcast Stock Plummeted on Wednesday

NBCUniversal's Matt Strauss Says Comcast Split Will Offer 'More Flexibility to Move Quicker'

He added that Sky's inclusion in the independent company's portfolio would allow it to be more opportunistic in expanding its reach globally

Why Comcast Stock Plummeted on Wednesday

Investors were concerned about some remarks made by the company's CFO in a conference.

Comcast CFO Notes Ongoing Epic Universe Softness, Dinging Stock; NBCU Split on Track

Comcast chief financial officer Jason Armstrong defended the company’s pending spinoff of NBCUniversal from its core connectivity operations, saying that “after a decade-plus building two strong businesses … there’s a bit of a divergence in terms of what [they] are focused on.” He also told investors at the Goldman Sachs Communacopia conference today that June […]

NBCUniversal’s Split From Comcast Will “Allow Us To Move Faster,” Media Group Chief Matt Strauss Says

NBCUniversal Media Group Chairman Matt Strauss is extremely bullish on the company’s forthcoming split from Comcast. “There is genuine excitement” about the move inside the company, Strauss said Thursday at an investor conference hosted by BofA Securities. “We feel really good about our trajectory and our growth, and I think the independence is going to…