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SEC Watch: Comcast Units Not Part of The Deal, and Its Stakes, Including Current TV

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With the Comcast-NBCU $30 billion deal announcement, the remaining part of Comcast’s separate business—the cable and ISP business—also includes some interactive/digital units that perhaps got the short shift during yesterday’s coverage. From an SEC filing earlier this morning, a list of retained digital businesses include:
—Comcast Interactive Media (NSDQ: CMCSA) will still go on, with Comcast.net portal and Fancast.com as its primary business.
—Plaxo, the business social network which hasn’t gone anywhere since it got bought
—thePlatform, which is developing tools for Comcast’s TV Everywhere strategy, and its Comcast Media Center business
—Its stake in Canoe Ventures, the cable industry targeted ad venture
—Also other digital businesses it fully owns: Vehix.com, AutoMallUSA.com

Also, some previously undisclosed stakes in other media/tech businesses. For instance, did you know Comcast had a 10 percent stake on Current TV? The list:
—Big Ten Network, LLC – 4.99% [profit participation]
—Canoe Ventures – 48.5%
—Current Media, LLC – 10%
—Driver TV LLC – 6.5%
—MGM Holdings, Inc. – 20%
—NHL Network US, L.P. – 15.6%
— Music Choice – 12.4%
—Pittsburgh Cable News Channel LLC– 30%
—The MLB Network, LLC – 8.34%

Dec 4, 2009 8:28 AM ET

Comcast NBCU


Posted In: Companies, Comcast

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