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Wednesday, June 8, 2011

PhillyInc sees new day for Comcast to spent $$
Canada's curling team beating the U.S. at the 2010 Vancouver Games. (Robert F. Bukaty / AP)

Anyone else see their cable TV bill flash before their eyes on hearing how much Comcast shelled out to make sure NBC could continue to show us Nordic combined and curling, as well as judo and canoe slalom every two years?

In paying $4.4B to keep the Olympics, Comcast continues to open its wallet. It also ponied up $1B to buy the 50 percent of the Orlando theme parks it didn't own. And there are still three days left in the week!

Boy, Comcast is spending U.S. dollars like they're going out of style (which is what OPEC and gold bugs have been saying for years).

Merck & Co. and Intercell said they're halting work on an experimental vaccine that they'd hoped would prevent a hospital-acquired infection. The move came after an outside data monitoring committee in April had flagged the Phase II/III trial and Merck analyzed the vaccine's risks and benefits found it was "unlikely to demonstrate a statistically significant clinical benefits" and a safety concern. News release is here. And a Reuters version.

Don't melt the day away.
Posted by Mike Armstrong @ 8:47 AM  Permalink | 2 comments
Comments   
  • 0 like this / 0 don't   •   Posted 12:19 PM, 06/08/2011
    You just KNOW that the Olympics will slowly become pay per view now that the thieves from Comcast have the rights. Man, I wish the Phillies would dump their Comcast contract. The Phillies could double TV revenues by offering their games on a pay per view platform similar to Netflix. I know I'd pay $2 per game if I wasn't locked into a contract.
    — The Monk
  • 0 like this / 0 don't   •   Posted 2:18 PM, 06/08/2011
    Comcast is a good local company.
    — Capsulef


2 comments
About Mike Armstrong
Mike Armstrong, a business editor and writer for nearly two decades, is the Inquirer's business columnist and PhillyInc blog editor. Contact Mike via e-mail or at 215-854-2980
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