Comcast President Outlines Unsuccessful WBD Offer and Future of NBC's Peacock

Comcast pulls out of WBD bidding war, president says: 'We roll on with a lot of focus. But I think we're better for having taken a look'

Mike Cavanagh, who was a rower in his undergraduate days at Yale, said the NBCUniversal empire is keeping its "eyes in our own boat."

Comcast president outlines unsuccessful WBD offer and future of NBC's Peacock

Comcast made multiple offers for Warner Bros. Discovery's streaming and studio assets before Netflix was deemed the winning bidder.

Why Comcast lost the Warner Bros. bidding war to Netflix, according to its president

Comcast's Mike Cavanagh said the company didn't put as much cash into its bid for Warner Bros. as others did.Comcast; Mario Tama/Getty ImagesComcast wasn't a leading contender for Warner Bros. streaming and studio assets, its president said.The cable giant opted for a stock-heavy bid that was light on cash, Comcast's Mike Cavanagh said.Netflix's bid for the Warner Bros. studio and HBO Max was selected, but Paramount is fighting back.Comcast wasn…

Comcast President Says Company Is Better for Exploring Warner Bros. Discovery Bid Despite Low Likelihood of Success

Comcast president and soon-to-be co-CEO Mike Cavanagh admitted on Monday that the media giant didn’t expect that it had a “high likelihood of prevailing” in the bidding war for Warner Bros. Discovery, but said the company is “better for having taken a look” at its studio and streaming assets. “We didn’t expect that we had a high likelihood of prevailing with the deal that made sense to us. So we debated whether to bother or not. Do we want the d…

Mike Cavanagh Says Comcast Bid For Warner Bros. Was Light On Cash Versus Rival Offers – “We Didn’t Expect That We Had A High Likelihood Of Prevailing”

Comcast president and soon to be co-CEO Mike Cavanagh, in a post mortem of the company’s flirtation with buying Warner Bros., said its offer was “light on cash” relative to bids by rivals Netflix and Paramount and “we didn’t expect that we had a high likelihood of prevailing with a deal that made sense to […]

Comcast President Says Company Has “Damn Good Hand” in Media, Despite Losing Warners Deal

Mike Cavanagh said Monday that the company "did not expect that we had a high likelihood of prevailing" in its Warner Bros. bid, but wanted to try.