Comcast Goes Fox Hunting And Shoots Itself

6/21/18

By Michael Henage, SA

There has been a lot of press about Comcast (NASDAQ: CMCSA) and The Walt Disney Company (NYSE: DIS) and which company will win the bidding war for Twenty-First Century Fox (NASDAQ: FOX). In short, Comcast shareholders should hope their company doesn’t win this war, as the result may end up doing more harm than good. The structure of Comcast’s deal is arguably better for Fox shareholders, but much worse for the new company.

To Xfinity and beyond

Pardon the bad pun, but the Xfinity name seems to exist in hopes that customers will forget they are still with Comcast. Whether customers love or hate Comcast at this point doesn’t seem to matter. The cold hard fact is, it’s getting easier to cut the cable television cord, but leaving behind Comcast’s high-speed Internet is a totally different story.

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