February 13, 2013 at 11:45 AM EST
Comcast Sets Higher Capital Spending Post-NBCU Deal
Comcast (CMCSA) says it plans to hike capital spending on both its cable TV and entertainment businesses in 2013, after announcing late Tuesday that it had agreed to buy General Electric's (GE) remaining stake in NBC Universal for $16.7 billion. Philadelphia-based Comcast bought 51% of NBCU from GE in early 2011. In a conference call with analysts early Wednesday, however, Comcast did not provide EPS or revenue guidance. Shares of Comcast were up
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