Comcast Earnings Peacock S 614 Million Loss Looks Quaint Next To Sky
Four years ago, Comcast outbid Fox to buy Sky for $39 billion. The deal is definitely not panning out. In the third quarter of 2022, Comcast recorded “noncash impairment charges related to goodwill and intangible assets” in the Sky segment. An impairment charge is a write-off, and goodwill basically means the loss of an asset’s value. In simple terms, Sky has proven to be not nearly as valuable as Comcast once assumed....