Com­cast gains amid NBC costs

Austin American-Statesman - - BUSINESS -

Com­cast Corp. re­ported lower sec­ond-quar­ter earn­ings partly be­cause of costs re­lated to its pend­ing takeover of NBC Uni­ver­sal, yet it saw im­prove­ments in ad­ver­tis­ing and de­mand for pricier tele­vi­sion ser­vices.

The nation’s largest cable TV provider is still hop­ing to win reg­u­la­tory ap­proval and close by year’s end its deal to buy a con­trol­ling stake in the broad­caster from Gen­eral Elec­tric Co. To date, Com­cast’s costs have in­cluded le­gal fees and in­ter­est pay­ments on bor­row­ing re­lated to the pend­ing trans­ac­tion.

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