Comcast (CMCSA, Financial) (1.7%) (CMCSA – $45.08 – NASDAQ) is a television and broadband provider in the U.S., UK, Italy and Germany. Comcast is also a leading media company through its ownership of NBC Universal, an entity that includes the NBC, Telemundo, and USA television networks (among others), the Universal movie studio and the Universal Parks portfolio. In October 2018, Comcast completed its acquisition of Sky plc, adding distribution capacity in the UK, Germany, and Italy. The company has executed well in both its distribution and content businesses. The introduction of the industry-leading X1 platform has helped Comcast gain video subscribers in the U.S., while a reinvestment in content and more focused leadership have improved NBC’s viewership and profitability. CMCSA is embarking on its next growth initiatives with the introduction of wireless into its bundle and the unveiling of its advertising-supported direct-to-consumer service known as “Peacock.”
From Mario Gabelli (Trades, Portfolio)'s Gabelli Value 25 Fund third-quarter 2019 commentary.
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