Recently retired from CMCSA and am curious how HQ/Bishops Gate and divisions view the Charter / Cox merger news.
Also, how is mgmt spinning the news?
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Not much discussions but it's really interesting that Comcast was not even bidding for Cox. Comcast's leadership is so sc--wed up. Brian Roberts has been there a very long time and talks all the time how much the stock has gone up since 1971 or whenever. The truth is that the stock has been flat since his father (Ralph) died. Brian hasn't made a smart decision since then. Shows that a large company like Comcast should not be passed on from father to son. The son is more interested of politics, DEI, and supporting certain causes than to actually build a great company. As long as Ralph was around, he steered the decisions and the company grew. Then when Brian is making decisions with out his father, he is lost.
He paid $40B for Sky. Sky just announced that Sky Germany will be sold for $500M or so. Sky Germany is about 10% of all of Sky... That would imply a value of the entire Sky at $5B... add a little for brand value and so forth, still less than $10B. Well done Brian...
What else have you done?
Failed to acquire Time Warner Cable and Brighthouse Networks... Failed to be at the table when Cox was sold.
Totally missed out on Streaming. Netflix, Disney is eating your lunch and you are stuck with Peacock... You lost Hulu, and got much less paid than you expected.
Missed out on the transition to fiber and invested over $10B in HFC/Docsis 4.0 when the entire world moved on to fiber.
Turned NBC from a respected broadcaster to a political arm for DNC and its reputation is through the floor.
And what does Brian say: "I'm so happy with all the assets we have, we are in a really good position". The stock is at the same level today as it was 9 years ago. Has declined more than 40% since 2021.
Too late