Michael Cavanagh on corporate strategy
From Watch CNBC's full interview with Comcast Chairman & CEO Brian Roberts and President Michael Cavanagh · · CNBCTelevision
“No, I'm not. I said this on the earnings call. We have the making of a great company, so we'd rather invest in something purely positive, such as the NBA — big investment; we think we have a great partnership in the making.”
On , Michael Cavanagh, President at Comcast, spoke about corporate strategy during Watch CNBC's full interview with Comcast Chairman & CEO Brian Roberts and President Michael Cavanagh on CNBCTelevision.
About Michael Cavanagh
In an August 2024 interview on CNBC's "Squawk Box," Comcast President Michael Cavanagh discussed the company's media strategy and financial outlook alongside Chairman and CEO Brian Roberts. Cavanagh stated that Comcast has "the making of a great company" and expressed a preference for investing in "something purely positive, such as the NBA," describing it as "a great partnership in the making." He also noted that each of Comcast's businesses is "in its own strong position making money," citing investments in cable footprint, business services, wireless, and Epic Universe in Florida, while returning capital to shareholders. Cavanagh commented on the broader economic environment, saying there is "a little softness in parks and other companies' results" and that the Federal Reserve has "done a good job, personally," adding that the economy is "getting closer to the time where we'll likely see some moves" regarding interest rates. He also highlighted the company's streaming growth, noting that Peacock has added more customers than have cord-cut in the last 12 to 24 months, and emphasized the role of sports programming, including the NBA and Olympics, in driving the streaming business.