Entercom Communications CEO David Field told analysts that he still believes that "a radio Renaissance is a real possibility" and repeated his previous statements that the nation's No. 2 radio group could boost revenues in the fourth quarter - which would reverse recent revenue declines.
Verizon and AT&T won big at the Federal Communications Commission on Wednesday as the agency voted to make it easier and cheaper to place almost 1 million small antennas for 5G services on utility poles, traffic lights, sidewalks, and other public areas.
Wall Street analysts believe that Comcast Corp. paid too much for the Sky satellite-television and streaming service that could grow only two percent a year and as Comcast faces competition in the U.S. market from Netflix and Amazon, and superfast 5G services in high-speed internet services.
Calling it a "sneak peak," CEO Brian Roberts gave his first tour of the $1.5 billion Comcast Technology Center, taking the Swiss-made elevators to several floors, pointing out the art with Philadelphia ties adorning walls, standing desks for all employees, a coffee bar in the public lobby (not open to the public yet), and a 200-foot herb green wall in the two story company cafeteria.