UK government announces public interest investigation into Sky deal to takeover ITV's media arm

The U.K. government has approved an investigation into Comcast's Sky's $2.1 billion acquisition of ITV's TV and streaming assets. Regulators Ofcom and CMA will review the deal for public interest and competition impact. ITV and Sky executives support the merger, while critics raise concerns about market power. The deal aims to create a major U.K. media entity to compete globally.

Comcast plans to cut 634 jobs at its Philadelphia headquarters by December 31, part of a broader restructuring. The company expects a $1B+ charge in Q4 2026 for transformation efforts, including AI integration. Comcast lost 144,000 broadband subscribers in Q3 2026, up from 91,000 a year earlier, and revenue in its connectivity business fell 2.7%.

Comcast reports AI chatbots have eliminated 30 million customer service interactions this year, leading to expected layoffs in the cable division. The company lost 144,000 broadband customers in Q3, exceeding analyst expectations. Comcast plans a restructuring charge of over $1 billion in Q4, with AI investments playing a key role. Analysts project further subscriber losses. Comcast Ventures backed AI vendor Cresta and uses Sierra for customer service automation.

Comcast plans to cut 119 jobs in New Jersey and 634 in Philadelphia by January 2027, citing restructuring efforts. The company expects a $1 billion charge in Q4 2026 and will hire over 1,100 new positions. Comcast aims to simplify its structure and expand AI use, addressing revenue pressures from declining cable and broadband competition.

Comcast has started layoffs across cable, broadband, and wireless operations as part of a restructuring ahead of the NBCUniversal spin-off. The company plans to cut nearly 1,000 jobs in Washington, Pennsylvania, and New Jersey, with more reductions expected. Comcast anticipates a restructuring charge exceeding $1 billion in Q4 2026 and aims to create 1,100 new roles nationwide.

Comcast will cut 634 jobs at its Philadelphia headquarters as part of a nationwide restructuring, aiming to streamline operations. The company plans to add 500 new jobs in Philadelphia and 1,100 across the U.S. Layoffs, including engineers and IT leaders, will begin Dec. 31. Comcast employs about 15,000 people in the Philadelphia area.