My Foolish friends almost certainly have noticed that making money in media stocks has become tough sledding. Indeed, for some members of the sector -- New York Times Co.
But for other major media companies -- such as Comcast
Before going further, let me note that there are already major managerial changes afoot within the soon-to-be combined companies. It was announced Friday that Jeff Zucker, longtime head of NBC Universal, will leave his post once the combination occurs. Comcast Chief Operating Officer Steve Burke, who during the 1990s was president of Disney's
During the decade-plus that I've watched Comcast closely, managerial quality -- including that provided by CEO Brian Roberts, Burke, etc. -- has been the company's stock in trade. With Comcast already serving the country's biggest group of subscription TV customers, its 51% ownership of the new combination will add the NBC network, numerous cable outlets, theme parks, and a movie studio. The Comcast team should be able to make shareholders smile with that massive array of assets.
Friday, it turns out, was a busy day all around for the world of NBC Universal. It seems it also was the day it inked a deal with Netflix
Finally, regarding Zucker's departure, most business scribes covering the change have spent the better part of their efforts analyzing what he did or didn't do correctly at NBC Universal. But he'll be gone soon, and so a managerial retrospective really doesn't matter. I'd far rather focus on the new lease on life that Burke will likely provide to the Comcast-NBC Universal matchup.
Walt Disney is a Motley Fool Inside Value pick, while Netflix is a Stock Advisory choice. Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. Fool contributor David Lee Smith hasn't anted up for shares in any of the companies mentioned. The Motley Fool has a disclosure policy.