Photo: Courtesy Of NBCUniversal Photo: Courtesy Of NBCUniversal Image 1 of / 1 Caption Close Image 1 of 1 Photo: Courtesy Of NBCUniversal Comcast to Spend $2 Billion on NBCU’s Peacock Streaming Service in First Two Years 1 / 1 Back to Gallery Comcast expects to pump $2 billion into NBCUniversal’s Peacock streaming service in aggregate over 2020 and 2021, while the company is projecting it will not be profitable for the first five years, according to CFO Mike Cavanagh. Cavanagh, who provided the details Monday at UBS’s Global TMT Conference in New York City, tried to put the Peacock investment into context for the cable and media giant — saying the spending earmarked for the streaming initiative will peak at about 1% of Comcast … [Read more...] about Comcast to Spend $2 Billion on NBCU’s Peacock Streaming Service in First Two Years
Jamie heinemeier hansson
Goldman jumps into WeWork cleanup with debt-financing plan
SoftBank Group tapped Goldman Sachs for new financing to help revive one of its biggest bets -- an investment in office-sharing company WeWork. Goldman is arranging a $1.75 billion line of credit, the first step in SoftBank's pledge to put together $5 billion in debt financing for WeWork as part of its bailout package, according to people with knowledge of the matter. In a twist aimed at making the financing more palatable to other lenders, SoftBank will be listed as the borrower and WeWork will be a co-borrower, the people said, asking not to be identified because the information isn't public. The Wall Street firm has reached out to other banks to gauge their interest in participating in the facility, structured as letters of credit, with the goal of putting it in place before the end of the year, the people said. The new credit line will replace existing facilities that total about $1.1 billion, and is designed to free up cash that's being used as collateral in the existing letters … [Read more...] about Goldman jumps into WeWork cleanup with debt-financing plan
Concord immigrant with rare disease makes plea to reinstate visa program
A Concord woman with a rare genetic disorder that can’t be treated in her home country of Guatemala pleaded with lawmakers and government officials in Washington, D.C., Wednesday for the reinstatement of a visa program that allows her and others like her to stay in the United States. “I’m asking Congress and the administration to come together,” Isabel Bueso said in testimony in favor of the deferred action program, which provides deportation relief to critically ill individuals and their relatives while they receive life-saving care. “This is not a partisan issue. This is a humanitarian issue and our lives depend on it.” Bueso’s medical treatment has kept her alive for 17 years. “This has been an overwhelming time for my family and me because the medical treatment I need is not available in Guatemala,” Bueso said during an emergency hearing before the House Oversight and Reform Committee. “I want to live. I’m a human … [Read more...] about Concord immigrant with rare disease makes plea to reinstate visa program
Arkansas officer and 2011 The Woodlands grad ‘ambushed and executed,’ police chief says
This undated photo provided by the Fayetteville Police Department shows Officer Stephen Carr. Carr was fatally shot Saturday night, Dec. 7, 2019 while sitting in his patrol vehicle outside police headquarters in Fayetteville, Ark. (Fayetteville Police Department via AP) less This undated photo provided by the Fayetteville Police Department shows Officer Stephen Carr. Carr was fatally shot Saturday night, Dec. 7, 2019 while sitting in his patrol vehicle outside police headquarters ... more Photo: Associated Press Photo: Associated Press Image 1 of / 3 Caption Close Image 1 of 3 This undated photo provided by the Fayetteville Police Department shows Officer Stephen Carr. Carr was fatally shot Saturday night, Dec. 7, 2019 while sitting in his patrol vehicle outside police headquarters in … [Read more...] about Arkansas officer and 2011 The Woodlands grad ‘ambushed and executed,’ police chief says
North Branford Police Log Dec. 2 Through Dec. 9
NORTH BRANFORD, CT - North Branford police made several arrests last week. All are only charged at this time. Arrested were:Carlos Gonzalez, 45, of 155 Putnam Street, New Haven, charged Dec. 3rd with traveling too fast for conditions, no insurance, operating without license.Tarray Gibbs, 38, of 65 Parish Farms Road, Branford, charged Dec. 3rd with issuing a bad check.Jami Leigh Condon, 48, of 950 Totoket Road, New Haven, charged Dec. 7th with assault of person over 60.Joseph E. Czarniak, 66, of 10 Longo Lane, Northford, charged Dec. 7th with speeding violation (greater than 70 mph).Kelly Ann Pastet, 41, of 464 Totoket Road, Northford, charged Dec. 7th with disorderly conduct, reckless endangerment (2nd degree).Subscribe … [Read more...] about North Branford Police Log Dec. 2 Through Dec. 9
