Comcast talks NBCU acquisition plans
Predicts programming costs will be 'lower' this yearNEW YORK -- Cable giant Comcast Corp. continues to focus on running its core business despite the planned acquisition of NBC Universal, CFO Michael Angelakis said Tuesday.
"We are not losing the forest for the trees," he said at a Credit Suisse investor conference in a session that was webcast.
He emphasized though that "we are very excited about NBCU" and that the company is "working on our planning" for the integration process now.
While other media mergers have often failed, "we will focus on execution," Angelakis told the conference. The deal is structured to be attractive even without synergies, "we think we'll hit a lot of singles and a lot of doubles," he added.
The Comcast CFO also predicted that the cable giant's programming costs will be "a bit lower" this year.