Comcast (CMCSA) surprised investors with a deal to buy a remaining 49% stake in NBCUniversal, a joint venture with General Electric (GE) first announced in 2009. While Tuesday's $16.7 billion ...

NBCUniversal helped propel Comcast’s earnings. The media unit contributed $10.9 billion in revenue and $2.2 billion in adjusted earnings — a 7.5% increase from the year before.

Comcast also announced that NBCUniversal will buy from GE the properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC's headquarters in Englewood Cliffs, N.J., for about $1.4 billion.

Comcast officially announced plans offload the bulk of NBCUniversal's cable portfolio, excluding Bravo, into a new entity owned by shareholders.

Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a ...

Comcast to Spin Off Cable Nets Under CEO Mark Lazarus, Touting “New Growth Trajectory,” Deals. NBCUniversal CFO Anand Kini will become CFO and COO of the new channels company, helping Lazarus ...

NBCUniversal executives Mark Lazarus and Donna Langley, and Comcast chairman Brian Roberts (center). (Christopher Smith/TheWrap) As legacy media navigates the transition from the declining linear ...

Comcast is about to get more animated. The company's NBCUniversal division is acquiring the DreamWorks Animation studio for about $3.8 billion. On Thursday, Comcast (CMCSA) said shareholders in ...

Comcast in its second-quarter financial report on Thursday posted NBCU earnings before interest, taxes, depreciation and amortization (EBITDA) that rose 19.5 percent to $1.86 billion on revenue of ...

NBCUniversal has set a deal to buy DreamWorks Animation for $3.8 billion in cash, giving the Comcast-owned media conglomerate added heft in its effort to compete with rivals like Disney, Time ...

Comcast is creating a new company, comprising nearly all of NBCUniversal’s current cable networks with the exception of Bravo, home of the 'Real Housewives.' Comcast to spin off MSNBC, CNBC and ...