Ultra-Orthodox plan huge NYC meeting on Net risks
May 19, 2012
By KAREN MATTHEWS | Associated Press – NEW YORK (AP) — Ultra-Orthodox Jews who believe that the Internet threatens their way of life have rented the New York Mets ‘ stadium for an unprecedented gathering on how to use modern technology in a religiously appropriate way. More than 40,000 ultra-Orthodox Jewish men plan to pack Citi Field for Sunday’s gathering on the dangers of the Internet , and organizers have also rented the nearby Arthur Ashe Stadium for the overflow crowd

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By KAREN MATTHEWS | Associated Press –
NEW YORK (AP) — Ultra-Orthodox Jews who believe that the Internet threatens their way of life have rented the New York Mets‘ stadium for an unprecedented gathering on how to use modern technology in a religiously appropriate way.
More than 40,000 ultra-Orthodox Jewish men plan to pack Citi Field for Sunday’s gathering on the dangers of the Internet, and organizers have also rented the nearby Arthur Ashe Stadium for the overflow crowd.
“It’s going to be inspiration and education about using technology responsibly in accordance with Jewish values,” said Eytan Kobre, a lawyer who is the spokesman for the event’s organizers.
Kobre said the rally’s purpose is not to ban the Internet but to learn how to harness it.
“There is a very significant downside to the Internet,” he said. “It does pose a challenge to us in various aspects of our lives.”
He cited online pornography and gambling as well as the risk of social media undermining “our ability to pray uninterruptedly, to focus and to concentrate.”
The rally is being organized by a rabbinical group called Ichud Hakehillos Letohar Hamachane, which means Union of Communities for the Purity of the Camp. Published reports have put the cost at $1.5 million. Kobre would not confirm that amount, and he said the funders prefer to remain anonymous.
Spokesmen for the Mets and for the U.S. Tennis Association did not immediately respond to phone messages seeking information about what the rally organizers were paying to rent the stadiums.
Women will not be permitted at either stadium but the rally will be broadcast live to audiences of women in schools and event halls in ultra-Orthodox neighborhoods. Kobre said live hookups are also being arranged elsewhere in the U.S. and internationally.
The organizers are leaders of ultra-Orthodox sects that reject many aspects of modern life. Women dress modestly and wear wigs after marriage, while men wear black hats and long beards. Children are educated in Jewish schools, and Yiddish is the first language for many.
Television is banned or discouraged, but Kobre said many ultra-Orthodox Jews use the Internet either on computers or smartphones. “There’s a spectrum of usage and there’s a spectrum of how people are dealing with it,” he said.
Samuel Heilman, a professor of sociology at Queens College who has written widely about ultra-Orthodox Jews, said community leaders are worried about “seepage of the outside world into their enclaves.”
“The problem of course is that they can’t keep it out because the Internet has become ubiquitous and also important for them,” he said.
Heilman said many ultra-Orthodox Jews use the Internet for online trading or to run businesses from their homes.
But the “seemingly innocuous device of a telephone or a computer” provides an opening to the outside world that the ultra-Orthodox have long shunned, Heilman said.
“They think that that world is so seductive and so dangerous and so base, that that’s the greatest danger,” he said.
The lineup for Sunday’s rally has not been announced. Kobre said prominent rabbis will speak in Yiddish and in English, with the Yiddish portions translated into English on Citi Field’s big screen.
GM ad move followed failed Facebook pitch: sources
May 18, 2012
By Ben Klayman and Bernie Woodall | Reuters – DETROIT/NEW YORK (Reuters) – Facebook may only have itself to blame for why General Motors rained on its IPO parade this week. GM announced the decision to drop Facebook paid ads on Tuesday in what was the first highly visible crack in Facebook’s strategy and illustrated doubts about its perceived advantage over traditional media. GM’s decision followed Facebook officials’ failure to convince top marketing executives at the U.S.
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By Ben Klayman and Bernie Woodall | Reuters –
DETROIT/NEW YORK (Reuters) – Facebook may only have itself to blame for why General Motors rained on its IPO parade this week.
GM announced the decision to drop Facebook paid ads on Tuesday in what was the first highly visible crack in Facebook’s strategy and illustrated doubts about its perceived advantage over traditional media.
GM’s decision followed Facebook officials’ failure to convince top marketing executives at the U.S. automaker of the benefits of Facebook’s paid ads at a meeting that took place in the past few weeks, people familiar with the meeting said on Thursday.
That was after Facebook officials focused more on touting the social networking website’s free pages, the sources said.
“It kind of backfires on them in a funny way,” said one of the sources, who asked not to be identified, of the emphasis on the free pages.
News of the meeting, which sources said took place at Facebook’s Menlo Park, California, headquarters, comes on the eve of its much-anticipated market debut. The company on Thursday priced its initial public offering at the top of its target range and is set to raise up to $18.4 billion.
Facebook and GM declined to comment about the meeting or their relationship.
GM dropped its Facebook ads because they were less effective than other options such as Google’s AdSense, the sources said. Facebook’s ads garner about half the clicks per page view, a measure of effectiveness, compared with the average website.
Moreover, Facebook’s ad prices were expected to rise after the company’s IPO. Ad prices are set in auction and vary depending on the target audience.
Some investors fear Facebook has not yet determined how to make money from the growing number of users who access the website from their smart phones. Further, revenue growth from its ad business has slowed in recent months.
However, Facebook boosted the price and the size of the offering earlier this week, underscoring investor enthusiasm for the company’s shares despite ongoing questions about its long-term money-making capabilities.
During the meeting with GM, Facebook officials emphasized the lure of free posted content on their website, the sources said. By contrast, the ads looked “kind of meager and perhaps expensive by comparison,” one source said.
‘SEE IF IT WORKS’
GM, the third-largest U.S. advertiser, will still maintain Facebook pages, which cost nothing to create and for which it pays no fees, to market its vehicles.
Sources said GM’s decision was not permanent and the Detroit automaker could buy Facebook ads in the future.
“They’re just going to try not doing it for a while and see how it goes; just make content and if it works, it works,” one source said.
Facebook founder Mark Zuckerberg has said in the run-up to the IPO that the company was built to accomplish a “social mission,” but has also ranked creating a “transformative” advertising experience as a top priority.
But so far, Facebook’s “click-through rate”, also known as “clicks per page view,” is half the average for ads on the Internet, according to Larry Kim, founder and chief technology officer of Internet ad consultant Wordstream.
The average targeted ad on the Internet is “clicked” on by a consumer once every 1,000 times it is viewed, Kim said. Facebook’s rate is half that, while Google’s is 4 in 1,000.
“Facebook is good in that an advertiser can target based on age and gender by measuring certain ‘likes,’ but is not connecting with the right audience at the right time,” he said, calling the website’s banner ads staid and uninspiring.
Google’s banner ads are more targeted, even following a consumer from website to website, Kim said.
GM, which ranks behind Procter & Gamble Co and AT&T Inc in U.S. advertising spending, spent $1.1 billion on U.S. ads last year, according to ad-tracking firm Kantar Media. It spent about $271 million on online display and search ads excluding Facebook advertising.
(Additional reporting By Alexei Oreskovic in San Francisco and Deepa Seetharaman in Detroit; Editing by Muralikumar Anantharaman)
Morgan Stanley ups Facebook IPO share cap to 5,000
May 18, 2012
By Jessica Toonkel and Jennifer Hoyt Cummings | Reuters – NEW YORK (Reuters) – Morgan Stanley Smith Barney, one of the three lead underwriters on the Facebook Inc IPO, has increased the number of Facebook shares it will allow advisers to allocate to each client account.
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By Jessica Toonkel and Jennifer Hoyt Cummings | Reuters –
NEW YORK (Reuters) – Morgan Stanley Smith Barney, one of the three lead underwriters on the Facebook Inc IPO, has increased the number of Facebook shares it will allow advisers to allocate to each client account.
The firm previously set a cap of 500 shares per retail client, but e-mailed advisers late on Thursday afternoon that it had increased the limit to 5,000 shares, according to two sources familiar with the situation, who declined to be named because they are not permitted to speak to the press.
A spokeswoman for Morgan Stanley Smith Barney, a venture of Morgan Stanley and Citigroup Inc, declined to comment.
Morgan Stanley and underwriter Bank of America Merrill Lynch started telling advisers how many Facebook shares they would receive to allocate to clients on Thursday, hours before Facebook announced the pricing of its IPO at $38 per share [ID:nL1E8GHBNZ].
Merrill capped the number of Facebook shares for each client account at 2,000. Two Merrill advisers told Reuters their offices received many more shares than expected.
Meanwhile, one Morgan Stanley adviser and one client told Reuters they received far fewer shares than they expected.
A Morgan Stanley Smith Barney adviser based in the Northeast who received the e-mail said he was not surprised the 500 share cap was lifted.
But at least one adviser and one person familiar with Morgan Stanley said it was doubtful Morgan Stanley upped the cap due to client or adviser complaints.
“They just have a lot of stock and they need to get rid of it,” the person familiar with the situation said.
Some industry observers believe Morgan Stanley may have also raised its cap to placate advisers and clients.
“I am sure they were getting calls,” said Alois Pirker, research director at Aite Group LLC. “One of the advantages of being a lead underwriter is that you get preferential treatment. I am sure there were some wealthy individuals who were wondering if it would be better to be with Merrill Lynch.”
Facebook has 33 underwriters for the IPO, led by Morgan Stanley, JPMorgan Chase & Co and Goldman Sachs Group Inc.
(Editing by Gary Hill and Andre Grenon)
US stock futures extend gains on unemployment data
May 10, 2012
Associated Press – NEW YORK (AP) — U.S. stock futures are higher with the government reporting that weekly jobless claims edged downward last week, suggesting that employers may accelerate hiring this month
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Associated Press –
NEW YORK (AP) — U.S. stock futures are higher with the government reporting that weekly jobless claims edged downward last week, suggesting that employers may accelerate hiring this month.
Weekly applications dropped 1,000 to a seasonally adjusted 367,000 in the week ending May 5, the Labor Department said Thursday. The previous week’s figure was revised up slightly.
The Dow Jones industrial average rose 48 points to 12,843. The Standard & Poor’s 500 gained 9.8 points to 1,360.8. The Nasdaq composite index rose 11.5 points to 2,630.75.
The four-week average for jobless claims, which economists use for a less volatile peek at the employment picture, fell 5,250 to 379,000. When that figure remains consistently below 375,000, it suggests that job growth is strong enough to lower the unemployment rate.
The numbers released by the Labor Department could dispel nascent fears that that strongest yearly start for hiring since the recession ended 2009 was sputtering.
Applications for unemployment benefits rose for most of last month in tandem with weaker hiring in March and April.
There are still signs, however, that companies are still digging out from the recession and a solid hiring environment has yet to take root.
Late Wednesday, a giant in the technology sector spooked the market with a sobering outlook on spending, particularly with Europe weighing on any global recovery.
Cisco Systems Inc. posted strong third-quarter profits, but shares tumbled 8 percent in premarket trading Thursday on dour comments about the willingness of corporations to make substantial investments.
CEO John Chambers said customers are waiting longer to close deals and they are spending less out of uncertainty about the economy, particularly in Europe and India.
“We are still in an uncertain environment economically,” Chambers told analysts in a conference call.
As talks to form a Greek government dragged into a fourth day, European markets fell.
The FTSE 100 index of leading British shares slipped 0.5 percent to 5,501 while Germany’s DAX fell 0.2 percent at 6,461. The CAC-40 in France was 1.2 percent lower at 3,081.
In the U.S., Kohl’s Corp. said Thursday that first-quarter profit tumbled 23 percent and the department store chain warned that it may fall short of Wall Street expectations in the second quarter.
The report comes a day after Macy’s reported first-quarter earnings. While first-quarter profit rose 38 percent, Macy’s shares tumbled after the department store left its guidance unchanged.
Though the company tends to give conservative guidance, investors took it as a sign of a potential slowdown in consumer spending, which accounts for about 70 percent of U.S. economic activity.
S&P Capital IQ Has Six Equity Analysts Named in The Wall Street Journal's Best on the Street Analyst Survey for 2011
May 10, 2012
NEW YORK, May 10, 2012 /PRNewswire/ — Six equity analysts from S&P Capital IQ have been ranked as “Best on the Street” in The Wall Street Journal ‘s annual survey of equity analysts covering 2011. Specialty Retailers analyst Efraim Levy received the award for the fourth time. Analysts Esther Kwon, Phil Seligman, and Angelo Zino are three-time recipients of this prestigious recognition. Stuart Benway won for the second consecutive year and Todd Rosenbluth is a first-time winner. The Wall Street Journal’s complete Best on the Street report was published on May 10, 2012*. Following is a chart of the S&P Capital IQ Wall Street Journal Best on the Street winners
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NEW YORK, May 10, 2012 /PRNewswire/ — Six equity analysts from S&P Capital IQ have been ranked as “Best on the Street” in The Wall Street Journal‘s annual survey of equity analysts covering 2011. Specialty Retailers analyst Efraim Levy received the award for the fourth time. Analysts Esther Kwon, Phil Seligman, and Angelo Zino are three-time recipients of this prestigious recognition. Stuart Benway won for the second consecutive year and Todd Rosenbluth is a first-time winner. The Wall Street Journal’s complete Best on the Street report was published on May 10, 2012*.
Following is a chart of the S&P Capital IQ Wall Street Journal Best on the Street winners.
|
Analyst |
Industry |
|
Stuart Benway, CFA |
General Industrials |
|
Esther Kwon, CFA |
Hotels & Casinos |
|
Efraim Levy, CFA |
Specialty Retailers |
|
Todd Rosenbluth |
Telecommunications |
|
Phil Seligman |
Health Care |
|
Angelo Zino, CFA |
Alternative Energy |
“We continue our consistent track record of placing well in the Survey, with top 10 finishes in the firm-by-firm rankings in seven of the last 10 years,” said Stephen Biggar, Global Director of Equity Research for S&P Capital IQ. ”The fact that several of our equity analysts have won the award multiple times is a testament to their consistent stock-picking abilities.”
“Leveraging years of experience of proprietary methodologies, our equity team has delivered their market insights to financial professionals and wealth managers for more than twenty-five years,” said Barbara Reguero, Managing Director of Cross Asset Class Research at S&P Capital IQ.
“Our equity research is the cornerstone of our holdings-based approach to ranking mutual funds and ETFs. When combined with S&P Capital IQ’s capabilities in valuation, risk, and cross-asset analytics, our equity research provides a powerful tool for both our institutional and retail clients.”
More information can be found at http://spbestonthestreet.com.
S&P Capital IQ’s award-winning equity research can be found on MarketScope® Advisor. http://advisor.marketscope.com/. Click Here. More information on MarketScope Advisor is available by calling 1-877-219-1247. MarketScope Advisor is part of the S&P Capital IQ family of products. MarketScope Advisor provides financial advisors with actionable investment intelligence on multiple asset classes including stocks, ETFs, mutual funds, variable annuities, fixed income and workflow tools that enable advisors to stay connected to the market and their clients’ investments.
S&P Capital IQ’s equity research draws from the award-winning STARS coverage and Stock
Reports, including detailed financial information, such as valuation models, sector, and peer group analysis, and proprietary S&P Capital IQ’s metrics such as Fair Value and Quality Rankings, on about 1,200 U.S.-listed equities, used by market professionals.
About S&P Capital IQ
S&P Capital IQ, a business line of the McGraw-Hill Companies (NYSE: MHP), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations, and Compustat; and research offerings, including Leveraged Commentary & Data, Global Market Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today’s investor’s need. For more information, visit www.spcapitaliq.com.
Standard & Poor’s Financial Services LLC and its affiliates (together, S&P) keep certain activities of its business units separate from each other in order to preserve the independence and objectivity of each of these activities. As a result, certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain non–public information received in connection with each analytical process. S&P does not trade for its own account. The analytical and ethical conduct of S&P Capital IQ equity analysts is governed by the firm’s Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com or by clicking on the following link: http://bit.ly/IUvAah.
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Marc_Eiger@standardandpoors.com
* Survey rankings are based on the U.S. equity analysts’ stock picking skills for stocks ranked in S&P Capital IQ’s STock Appreciation Ranking System. “Winners” are those analysts identified by the Wall Street Journal as among the top three analysts with the best performance for the prior calendar year in its 2012 “Best on the Street” Analysts Survey in each of 44 industries, based only on stock-picking skill in the prior calendar year. The data were assembled by FactSet Research Systems Inc., a Norwalk, Conn. company that tracks analysts’ recommendations and their earnings estimates. FactSet identified more than 2,000 analysts at nearly 200 firms who qualified for inclusion in the survey. Past performance is not indicative of future results and will vary from year to year. S&P Capital IQ’s equity research analysts have been included in The Wall Street Journal’s “Best on the Street” equity research surveys since 2002. In that time, the number of categories in which S&P Capital IQ’s equity analysts have been recognized, by measurement year, is: 2011—6, 2010—10, 2009—5, 2008—22, 2007—9, 2006—4, 2005—8, 2004—7, 2003—1, and 2002—14. For more information about past rankings please contact S&P Capital IQ.
Wall Street Week Ahead: All eyes on European elections
May 4, 2012
[unable to retrieve full-text content]NEW YORK (Reuters) – After Wall Street ended its worst week of the year on Friday, U.S. stock investors will look across the Atlantic next week to take their cue from Europe as France and Greece go to the polls
Original post:
[unable to retrieve full-text content]NEW YORK (Reuters) – After Wall Street ended its worst week of the year on Friday, U.S. stock investors will look across the Atlantic next week to take their cue from Europe as France and Greece go to the polls. That could offer some respite from a string of weak U.S. economic data and the earnings season winding down. Markets worldwide have closely watched developments in Europe for the past …
Global stocks, oil slump on weak jobs data
May 4, 2012
By Herbert Lash | Reuters – NEW YORK (Reuters) – Global stocks swooned and crude oil tumbled on Friday after a weak U.S. jobs report and data that suggested a deeper recession across the euro zone than previously thought dented sentiment. Major U.S
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By Herbert Lash | Reuters –
NEW YORK (Reuters) – Global stocks swooned and crude oil tumbled on Friday after a weak U.S. jobs report and data that suggested a deeper recession across the euro zone than previously thought dented sentiment.
Major U.S. and European stock indexes fell more than 1 percent, U.S. crude oil slumped about 4 percent and government debt prices jumped after the Labor Department said American employers reduced hiring more than expected in April.
The week was the worst this year for Wall Street stocks, with energy leading the decline. The S&P energy index of 44 gas and oil-related companies fell 2.2 percent on fears a worsening economy would sap demand.
“We have broken through key technical levels here after a disappointing employment report and the PMI number from Europe which suggest that the recovery is stalling and could affect energy consumption,” said Gene McGillian of Tradition Energy.
Just 115,000 workers were added to payrolls last month, or 55,000 less than economists expected. While the unemployment rate fell one-tenth of a point to 8.1 percent, a three-year low, that was only because the workforce shrank as people retired or stopped seeking work.
The third straight monthly decline in hiring growth spurred concerns that the U.S. economy is losing momentum and doused hopes that a stretch of strong winter hiring had signaled a turning point for the U.S. recovery.
The Dow Jones industrial average closed down 168.32 points, or 1.27 percent, at 13,038.27. The Standard & Poor’s 500 Index fell 22.47 points, or 1.61 percent, at 1,369.10. The Nasdaq Composite Index slid 67.96 points, or 2.25 percent, at 2,956.34.
The U.S. jobs data added to the gloomy tone from Europe, where purchasing managers’ indexes, primarily covering services, suggested a recession across the euro zone could extend to mid-year and be deeper than previously imagined.
Markit’s Eurozone Services PMI, which gauges business activity over a month, came in at 46.9 for April, sharply lower than 49.2 in March. Anything below 50 signifies contraction.
The JPMorgan Global Purchasing All-Industry Output Index of about 20 countries showed declines in April from March.
In Europe, the pan-European FTSEurofirst 300 index closed down 1.7 percent at 1,027.15, and the Euro STOXX 50 index fell 1.7 percent to 2,248.34 despite strong earnings from Royal Bank of Scotland
MSCI’s all-country world equity index fell 1.5 percent to 321.72.
Benchmark Brent crude in London fell to three-month lows around $113 a barrel, its steepest weekly fall since December, after the weak jobs report. Brent’s slide took three-day losses to more than 5 percent.
While the downbeat data weighed, traders said a combination of less-definitive factors – from confusion over margin changes to the breach of the 200-day moving average – compounded selling.
Brent futures settled down $2.90 at $113.18 a barrel, lows last seen in early February.
U.S. crude settled down $4.05 at $98.49 a barrel.
Some analysts said the jobs report, which followed weaker-than-expected services sector data this week, will fuel hopes for a third round of stimulus, or quantitative easing, by the Federal Reserve to keep rates low and to foster growth.
“The data in the U.S. is weakening somewhat. It puts into play that if the economy in the U.S. continues to weaken then QE3 will be on the table, so there are really no sellers of Treasuries,” said Charles Comiskey, head of Treasuries trading at Bank of Nova Scotia in New York.
The benchmark 10-year U.S. Treasury note rose 16/32 in price to yield 1.88 percent, and the 30-year U.S. Treasury bond gained almost a full point in price to yield 3.07 percent.
Gold rose as the weak data boosted bullion’s investment appeal on talk that a weaker economy might prompt further monetary easing by the Fed.
U.S. gold futures for June delivery settled up $10.40 an ounce at $1,645.20.
The dollar slipped against the yen in volatile trading after the payrolls number, with the U.S. currency down 0.45 percent at 79.83 yen.
The U.S. dollar index rose 0.33 percent at 79.481.
The euro was down 0.47 percent at $1.3088.
(Additional reporting by Richard Leong, Ryan Vlastelica, Julie Haviv, Matthew Robinson and Jonathan Leff, Reporting by Herbert Lash, Editing by James Dalgleish and Dan Grebler)
Comcast 1Q earnings up 30 percent
May 2, 2012
By PETER SVENSSON | Associated Press – NEW YORK (AP) — Comcast Corp., the country’s largest cable company , reported a 30 percent profit increase in the first quarter, beating expectations on the strength of Super Bowl advertising and its popular broadband service . The Philadelphia-based cable company said Wednesday that its net income rose to $1.224 billion, or 45 cents per share, for the January to March period from $943 million, or 34 cents per share, a year ago.

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By PETER SVENSSON | Associated Press –
NEW YORK (AP) — Comcast Corp., the country’s largest cable company, reported a 30 percent profit increase in the first quarter, beating expectations on the strength of Super Bowl advertising and its popular broadband service.
The Philadelphia-based cable company said Wednesday that its net income rose to $1.224 billion, or 45 cents per share, for the January to March period from $943 million, or 34 cents per share, a year ago.
Analysts polled by FactSet were expecting earnings of 42 cents per share for the latest quarter
Revenue rose to $14.9 billion, above analysts’ expectation of $14.4 billion. The increase was 9.6 percent compared with the combined cable and NBC Universal results a year ago.
Comcast’s acquisition of a majority stake in NBC Universal, which owns TV channels and movie studios, closed at the end of January last year.
NBC Universal’s results shone in the quarter. It accounts for a third of Comcast’s revenue, but grew much faster, at 18 percent from last year. Revenue at the NBC broadcast network grew 37 percent thanks to the Super Bowl. Fox broadcast it last year.
Excluding the Super Bowl, NBC‘s revenue grew 17 percent, helped by improving prime-time ratings and shows like “The Voice” and “Smash.”
At Universal Studios, revenue grew 22 percent on the theatrical success of “Dr. Seuss‘ The Lorax” and “Safe House.”
Comcast’s more predictable cable business revenue grew at lower pace — 5.7 percent from last year.
CEO Brian Roberts has suggested that Comcast might be able to reverse the long-standing industry-wide trend of cable-TV subscribers cancelling in favor of satellite and phone-company TV services, but that prospect was not in evidence in the first quarter: Comcast lost 37,000 cable subscribers, roughly the same number it lost in the same quarter last year.
“We believe we can continue to make steady progress” in retaining video subscribers, Roberts told analysts on a conference call Wednesday. As one of the improvements the company is making, he mentioned Streampix, a Netflix-like Internet video service that Comcast launched in February, only for its video customers. “A couple of million” of customers have access to it, he said.
Comcast added 439,000 Internet subscribers. That was the best quarterly result in four years. Meanwhile other cable companies report a slowdown in the recruitment of new subscribers, since most households already have broadband. Comcast appears to be gaining subscribers from households with slower phone-company “DSL” broadband.
Comcast shares fell 83 cents, or 2.7 percent, to $29.77 in morning trading Wednesday. On Tuesday, the shares hit $30.88, the highest price in 12 years.
Fans can watch every Olympic event live online
May 2, 2012
By RACHEL COHEN | Associated Press – NEW YORK (AP) — Usain Bolt could be defending his Olympic 200-meter title on a Thursday afternoon in the United States. Fans will be able to watch the race live online for the first time during this summer’s London Games, but what they’ll see is very different from the tape-delayed, prime-time package that will still air a few hours later
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By RACHEL COHEN | Associated Press –
NEW YORK (AP) — Usain Bolt could be defending his Olympic 200-meter title on a Thursday afternoon in the United States.
Fans will be able to watch the race live online for the first time during this summer’s London Games, but what they’ll see is very different from the tape-delayed, prime-time package that will still air a few hours later.
NBC executives decided to shift from their longtime philosophy and make every event available as it happens, convinced that the plan will build interest in the Olympics and not siphon off viewership from the traditional nightly broadcasts. That means the Internet streams will be fairly minimalistic, a move aimed at tempting fans to re-watch the competition in a more stylized presentation on the network that evening.
“You’ll be able to live the moment,” said Rick Cordella, the vice president and general manager for NBC Sports Digital.
The online coverage will use the world feed instead of NBC camera angles. That’s what viewers in many smaller countries see on their local networks, so the production is high quality, if less specialized than Americans are used to for the Olympics. There will be basic graphics and, for some popular sports, announcers from the Olympic Broadcasting Services.
Cordella said he didn’t know yet which commentators would call high-profile events like track, swimming and gymnastics for the OBS.
And if Bolt wins in another world record, fans will have to wait until prime time to see a post-race interview.
“It’s not infringing upon prime time,” Cordella said.
NBCOlympics.com streamed many smaller sports live during the 2008 Beijing Olympics for a total of 2,200 hours, but the big-ticket events were held back. This year, more than 3,500 hours will be shown on the website. For the top sports, replays will not be available online until after the event airs in prime time.
The service will include extra feeds for certain sports — fans can watch each apparatus in its entirety during gymnastics and up to five courts for tennis.
Most of the Internet streams will be available only to viewers who subscribe to cable or satellite services. They will need to “authenticate,” log in to prove they are customers. The “TV Everywhere” model has become popular with many networks as a way to allow viewers to watch programs on multiple devices while encouraging them to stick with cable and satellite providers. Cordella said he believed viewers were becoming more familiar with the process.
Social media has proliferated since Beijing, and NBC is counting on buzz from viewers who watch events live to attract others to the prime-time broadcasts.
“If Bolt sets a record and prances over the finish line,” Cordella said, “you want to see that.”
___
NBC is controlled by Comcast Corp.
Fans can watch every Olympic event live online
May 2, 2012
By RACHEL COHEN | Associated Press – NEW YORK (AP) — Usain Bolt could be defending his Olympic 200-meter title on a Thursday afternoon in the United States.
Original post:
By RACHEL COHEN | Associated Press –
NEW YORK (AP) — Usain Bolt could be defending his Olympic 200-meter title on a Thursday afternoon in the United States.
Fans will be able to watch the race live online for the first time during this summer’s London Games, but what they’ll see is very different from the tape-delayed, prime-time package that will still air a few hours later.
NBC executives decided to shift from their longtime philosophy and make every event available as it happens, convinced that the plan will build interest in the Olympics and not siphon off viewership from the traditional nightly broadcasts. That means the Internet streams will be fairly minimalistic, a move aimed at tempting fans to re-watch the competition in a more stylized presentation on the network that evening.
“You’ll be able to live the moment,” said Rick Cordella, the vice president and general manager for NBC Sports Digital.
The online coverage will use the world feed instead of NBC camera angles. That’s what viewers in many smaller countries see on their local networks, so the production is high quality, if less specialized than Americans are used to for the Olympics. There will be basic graphics and, for some popular sports, announcers from the Olympic Broadcasting Services.
Cordella said he didn’t know yet which commentators would call high-profile events like track, swimming and gymnastics for the OBS.
And if Bolt wins in another world record, fans will have to wait until prime time to see a post-race interview.
“It’s not infringing upon prime time,” Cordella said.
NBCOlympics.com streamed many smaller sports live during the 2008 Beijing Olympics for a total of 2,200 hours, but the big-ticket events were held back. This year, more than 3,500 hours will be shown on the website. For the top sports, replays will not be available online until after the event airs in prime time.
The service will include extra feeds for certain sports — fans can watch each apparatus in its entirety during gymnastics and up to five courts for tennis.
Most of the Internet streams will be available only to viewers who subscribe to cable or satellite services. They will need to “authenticate,” log in to prove they are customers. The “TV Everywhere” model has become popular with many networks as a way to allow viewers to watch programs on multiple devices while encouraging them to stick with cable and satellite providers. Cordella said he believed viewers were becoming more familiar with the process.
Social media has proliferated since Beijing, and NBC is counting on buzz from viewers who watch events live to attract others to the prime-time broadcasts.
“If Bolt sets a record and prances over the finish line,” Cordella said, “you want to see that.”
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NBC is controlled by Comcast Corp.



