Telecom and media conglomerate
Appears in 3 stories · Last updated Oct 31, 2026
Cutting 994 jobs across four states, including 634 in Philadelphia and 119 in New Jersey
Comcast will cut 634 jobs in Philadelphia and 119 in New Jersey. The Philadelphia layoffs run from Dec. 31, 2026 through the end of 2027, and the New Jersey cuts, spread across nine counties, take effect in late January. Notices in Washington and California bring the four-state total to 994.
Updated Oct 31
Completed Versant separation; stock showed technical adjustment post-distribution but maintained stability as streamlined growth-focused company
The divorce is final. Comcast completed the pro rata distribution of Versant Media Group shares on January 2, 2026; on January 5, the new company began regular-way trading on Nasdaq under ticker VSNT.
Updated Oct 26
As of May 2026: Unsuccessful rival bidder proposing a merger of assets
On December 5, 2025, Netflix announced a definitive deal to acquire Warner Bros.' film and television studios and streaming businesses, including HBO and HBO Max, valued at $72 billion in equity and $82.7 billion including debt. On January 20, 2026, the parties amended to an all-cash structure at $27.75 per share, with a shareholder vote expected by April 2026.
Updated May 10
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