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Comcast tries to drown out Hulu hearsay, glazing over poor Q4

Comcast closed out Q1 2019 with 400,000 fewer video subscribers than a year ago, yet the merry-go-round Hulu ownership saga has shifted attention away from the cable giant’s withering TV business – as execs attempted to extinguish rumors regarding the sale of its 30% stake to Disney. We’re not convinced. Our gut instinct still says Disney’s powers of persuasion (cash) will eventually prove too much for Comcast, allowing the operator to concentrate on the new NBCUniversal streaming service while relieving debt accrued through the Sky deal. However, Comcast CEO and Chairman Brian Roberts, commented, “On Hulu, the relationship with NBC is very much in everybody’s interest to maintain. And we have no new news today on it other than it’s…

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