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NBCUniversal reported higher profits for parent company Comcast, led by its broadcast operations. Earnings before interest, taxes, depreciation and amortization rose 1.6% in the third quarter to $2.1 billion. Revenue fell 3.5% to $8.3 billion. Broadcast television EBITDA was up 5.1% to $338 ...
Read more: NBCU Reports Higher 3Q Profits Despite Lower Revenue
The popularity of online video edged up in 2019, according to a new global survey from Limelight Networks. On average viewers surveyed said the spent 6.8 hours per week watching online video, up 0.7% from 6.75 hours in the 2018 study. Younger viewers--in the 18 to 35 age bracket--watched the most ...
Read more: Online Video Grows More Popular, Limelight Study Finds
Merger and acquisition activity in the media and telecommunication business is being spurred by content deals as the industry prepares for the streaming wars. Related: 3 Things VOD Providers Need to Compete in the Streaming Wars According to PwC, deals worth $30.3 billion were announced during the ...