American media, telecoms and entertainment giant; global operator known for NBCUniversal, Xfinity, and Sky interests.
Comcast has announced a tax-free spin-off that will separate NBCUniversal and Sky from its cable, broadband and wireless business. The move is intended to unlock value, reduce regulatory friction, and let each company pursue independent growth strategies. Executives say both halves will be better positioned to invest, partner and compete in a rapidly evolving media and telecom landscape.
Comcast has announced a planned separation of NBCUniversal from its core technology and telecommunications business, forming NBCUniversal as an independent media and entertainment group while Comcast retains the broadband and wireless unit. The move aims to unlock greater growth for both operations, with Sky remaining part of the broader group and a future UK investment plan in motion.
Al Jazeera has established a secret backup studio in Doha amid fears of Israeli cyberattacks and missile threats. The network is also preparing contingency plans to shift coverage to London and Washington if its main facilities are compromised, as tensions escalate in the Middle East.
Ted Turner, the founder of CNN, has died at 87. His life spanned philanthropy, conservation, entertainment and sports ownership. His most enduring legacy is creating the 24-hour news cycle through CNN, which transformed journalism and public discourse. His passing prompts questions about CNN’s future under new ownership.
Fidelity Investments has agreed to a $2.5 million class-action settlement for failing to prevent a 2024 data breach that compromised 77,000 customers and others. Eligible claimants may receive about $100, with California residents getting an additional $50, plus two years of identity theft protection. The settlement also covers documented losses and related expenses, with a claim deadline of July 27, 2026.
Universal has announced the name for its first European theme park in the UK: Universal United Kingdom Resort. Enabling works are underway at Bedfordshire with full construction expected to start soon. The project is backed by up to £5.3 billion in public and private investment and is slated to open in 2031, creating up to 20,000 construction jobs and 8,000 permanent roles.
The 2026 World Cup has boosted betting activity across prediction markets and traditional sportsbooks. Analysts expect record wagers in the U.S. and rising interest in data providers and travel stocks as the tournament unfolds in North America.
Fox Corp. has agreed to acquire Roku for about $22 billion in a cash-and-stock deal valuing Roku at $160 per share. The boards of both companies have approved the transaction; the combined company will pair Fox's live news and sports and Tubi with Roku's OS, devices and The Roku Channel, and is expected to close in the first half of 2027.
Paramount has offered $31 per share to acquire Warner Bros. Discovery, amid a bidding war with Netflix and Comcast. Shareholders approved the deal, including a $7 billion breakup fee and the $2.8 billion Netflix termination fee. Regulators are reviewing the transaction, with the aim to close in the third quarter.