Comcast doubles Peacock spending as broadband business takes hit

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Comcast doubles Peacock spending as broadband business takes hit

Comcast is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals in the global battle for viewers.

Unlike the majority of its rivals, Peacock offers a free, ad-supported version and two paid options: a $5-per-month tier with “light ads” and an ad-free version costing $10 per month.

In a call with investors on Thursday, Comcast Chief Executive Brian Roberts said the “vast majority” of Peacock’s paid subscribers choose the $5 tier over the $10 tier. Going forward, the company will focus its strategy around the ad-supported tiers.

It is doubling Peacock content spend to $3 billion in 2022 and plans to increase domestic content spend for Peacock to $5 billion over the next couple of years, an additional investment that will result in an earnings before interest, taxes, depreciation and amortization (EBITDA) loss of roughly $2.5 billion. It plans

Spending invoice handed but leftists received rolled, pro claims: ‘Perfect storm of badness for Household progressives’

FOX Small business host Larry Kudlow discusses Biden’s economic agenda, inflation, the president’s choose for Federal Reserve chair and the applications in the social paying offer.

Progressives celebrated the passage of Democrats‘ almost $2 trillion reconciliation spending monthly bill Friday morning immediately after months of negotiations – but that bill is a shell of its former self and they have minor leverage to maintain it from shrinking more in the Senate.

“If I’m seeking at the circumstance, I imagine the progressives did not get anything, genuinely,” R Street Institute senior fellow for governance James Wallner advised FOX Small business. “They have a substantially much more scaled down infrastructure package deal, you know, trillions of bucks much less than what they initially were being demanding, and that was dictated by moderates’ strain to not vote for it.”

“Concurrently on that, they ended up supplying up their only leverage, which was

Kudlow: Stop the spending, stop the money printing presses

‘Kudlow’ host discusses the growing economic crisis of inflation as it surges to its highest since 1990.

Consumer prices recorded a stunning increase for the month of October.

Rising a huge .9% just for the month alone. And 6.2% for the past 12 months. It is the fastest pace in over 30 years.

And I have to say, that last month’s results really, really undercut the idea that inflation is temporary or transitory or whatever excuse the federal reserve is making. By the way, if you look under the hood of the report, energy was up nearly 5% for the month, and 30% for the last year. I’m going to come back to that story in a moment.

Art Laffer makes an important point, that the CPI seems to be following the PPI – which is producer or in the old days we called it wholesale price index.

PPI is

Biden suggests spending monthly bill probable would not be $3.5T this yr, but ‘we’re going to continue to keep coming’

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President Biden on Friday preserved that his paying out bill would not increase to the deficit and mentioned it very likely would not reach $3.5 trillion this calendar year, as moderate and progressive Democrats carry on to debate a selling price tag for the package deal.

But he pledged to go on to drive for much more paying, declaring, “we are heading to preserve coming simply because the much more we display it is effective, the much more we can do.”

Biden, during a check out to Connecticut Friday, touted the $1 trillion bipartisan infrastructure invoice, and the $3.5 trillion investing program awaiting approval in Congress, stating they are “about strengthening the economic climate for a long time to arrive.”

“The two of these charges expend out more than 10 several years, acquire the infrastructure, make all those investments and roadways, bridges,