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Elon Musk revived L.A. aerospace with SpaceX. Will it thrive without him?

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Elon Musk revived L.A. aerospace with SpaceX. Will it thrive without him?

When Elon Musk decided to start a rocket company two decades ago, he headed down Interstate 5 and the 405 and didn’t stop until he reached the South Bay, the center of the region’s aerospace industry, hard hit by a drop in defense spending after the Cold War.

There, the Silicon Valley entrepreneur, flush with cash from the sale of PayPal, founded Space Exploration Technologies in 2002 and defied skeptics, building his startup into a $210-billion giant and fueling a revitalization of the shrunken industry.

This week, the Hawthorne company’s future in the region was thrown into doubt when Musk posted on X that he planned to move SpaceX’s headquarters to the outskirts of Brownsville, Texas, where it is developing its massive Starship rocket for planned trips to the moon and, someday, Mars.

It’s unclear what the fallout will be locally.

SpaceX hasn’t commented on how many jobs will be affected by the relocation, and industry observers say it’s likely the company will maintain significant manufacturing operations in Los Angeles County, where it employed about 6,000 people in 2023, according to an annual survey by the Los Angeles Business Journal.

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But the relocation is undoubtedly a loss to the region’s revived space industry.

A leader in the space economy

“SpaceX has been one of the pillars of the Southern California new space economy,” said Kevin Klowden, the Milken Institute’s executive director of MI Finance. The move “is significant symbolically in that it shows Southern California isn’t indispensable in an industry where it clearly is a leader.”

The aerospace industry was pioneered in L.A. County, with the first rockets set off in the Arroyo Seco near Caltech in the 1930s — the humble origins of what was to become the Jet Propulsion Laboratory, a leader first in rocket and satellite development and later in interplanetary spacecraft.

Douglas Aircraft, Lockheed, Northrop and other companies built hundreds of thousands of planes during World War II and maintained defense work here. In Downey, North American Aviation built the command module of the Apollo 11 spacecraft that landed astronauts on the moon. Rockwell International built the space shuttles in Downey and Palmdale.

The massive defense spending cuts after the collapse of the Soviet Union devastated the industry, dropping employment in the county from about 130,000 in 1990 to less than half that a decade later — but with its heritage, talent pool and world-class universities, the region was a logical place for SpaceX to set up shop.

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A new, smaller, Southern California aerospace economy has since developed, building on the remaining operations of legacy companies and technological advancements — even as other centers have emerged, such as Kent, Wash., where Jeff Bezos’ Blue Origin space company is located.

Virgin Galactic, the space tourism company founded by British billionaire Richard Branson in 2004, is based in Tustin and has its design and manufacturing operations in Mojave, where it also performs test flights. Its commercial operations are in New Mexico.

Rocket Lab, a maker of lightweight rockets that launch small satellites, moved its headquarters to Long Beach just three years ago.

People walk on a pier beneath the contrail from a SpaceX Falcon 9 rocket launched from Vandenberg Space Force Base on April 1 in San Clemente.

(Mario Tama / Getty Images)

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And former SpaceX employees have founded dozens of startups. Crunchbase, which tracks venture capital and startups, tallies more than 50. Local ones include Relativity Space, a Long Beach maker of reusable rockets; Varda Space Industries, an El Segundo company developing drugs in low-Earth orbit; and L.A. telemetry startup Sift, which raised $7.5 million in venture funding last year.

“SpaceX isn’t unique, but it’s the star,” said Klowden, noting the “ecosystem” that has sprung up around it.”

While Musk’s declaration Tuesday was prompted by a public policy dispute — Gov. Gavin Newsom’s decision to sign a bill prohibiting school districts from mandating that teachers notify parents about a student’s change in gender identity — Musk has long complained about the state’s regulatory environment and has a history of tangling with government officials.

He moved Tesla’s headquarters from Palo Alto to Austin, Texas, in 2021 after Alameda County ordered the company in 2020 to halt production amid the COVID pandemic. Separately, the billionaire noted crime concerns in also tweeting Tuesday that he plans to move X, the social media platform formerly known as Twitter, from San Francisco to Austin.

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Klowden said he believed Musk has been considering the idea of moving SpaceX, though it’s still unclear exactly whether Musk plans to transfer a handful of executives, additional employees or all of the operations, which is not seen as likely. Neither Musk nor SpaceX has offered clarification. The company did not respond to requests for comment.

City officials were also grappling with the announcement.

“We understand that business decisions are driven by a variety of factors, and we remain committed to fostering a thriving business environment in Hawthorne,” Alex Vargas, the city’s mayor, said in a statement. He added: “[W]e want to reassure our workforce and community that the city of Hawthorne is taking proactive steps to mitigate the impact of SpaceX’s potential relocation.”

Much of the skepticism regarding Musk’s SpaceX tweet revolves around how the Tesla move was carried out. The electric vehicle maker produces its Model Y SUV and new Cybertruck in Austin but still operates a factory in Fremont, where it makes multiple models. Last year, Tesla said it was opening a new global engineering headquarters in Palo Alto previously occupied by the headquarters of Hewlett-Packard.

A flight to Texas?

But some familiar with the company think the headquarters relocation announcement could presage a larger presence in Texas.

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Tim Buzza, a former SpaceX vice president, said that while the company builds its workhorse Falcon 9 rocket and Dragon capsules that service the International Space Station in Hawthorne, the company’s future is the massive Starship rocket being developed at the Brownsville facility called Starbase on the Gulf of Mexico.

“The center for the next level of execution for SpaceX is Starbase. The direction and the momentum of the company is already moving to Texas,” said Buzza, who was one of the first five employees at SpaceX, worked there for 12 years and remains in contact with many at the company.

SpaceX is seeking approval to launch 90 rockets from Vandenberg Space Force Base by 2026, a sharp increase from its previous plans for the Santa Barbara County military base. Buzza said the launches are important for the Starlink satellite broadband network SpaceX is building, since they put the satellites into a polar orbit, complementing Florida launches that put them in an equatorial orbit.

However, the Starship rocket — taller and more powerful than the Saturn 5 that launched Apollo astronauts to the moon — could launch many more satellites than the Falcon 9. SpaceX has opened a new Starlink factory outside Austin, and last month Starship completed its fourth test flight from Starbase, dubbed its “Gateway to Mars.”

The company has been building its operations at Starbase and this month asked the Federal Aviation Administration for permission for up to 25 annual launches of Starship and its Super Heavy rocket, a more powerful derivative of its Falcon 9. The company operates an engine testing facility in McGregor, Texas.

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Klowden questioned the company’s ability to move or attract large numbers of workers to the Brownsville area, at least in the immediate future, given the lack of housing and other infrastructure. But Buzza said SpaceX overcame many of the same issues in McGregor. He doesn’t think Musk would move Falcon 9 production or the Dragon capsule program from Hawthorne, because both may be phased out over time.

Still, even the loss of SpaceX’s executive operations to Texas would be a blow to Los Angeles and the Golden State, which have suffered a humiliating series of corporate defections over the last few decades. L.A.-area companies that have moved headquarters elsewhere include Lockheed, Northrop Grumman and more recently Aecom, a global engineering firm. Software giant Oracle left Redwood City in Silicon Valley for Austin in 2020 (and has since announced a move to Nashville).

“Whenever any company announces that they might or they will leave the region, it is not good for us. We definitely need to do a much better job in terms of business retention,” said Stephen Cheung, chief executive of the Los Angeles County Economic Development Corp.

However, he said the region’s aerospace economy is still robust and has shown an ability to evolve. After the bankruptcy last year of Branson’s separate Virgin Orbit rocket company, Rocket Lab acquired the defunct company’s former Long Beach headquarters, he noted.

That move mirrors SpaceX’s evolution. Its first location in L.A. County was in El Segundo, but as it grew it moved in 2007 into an old Northrop site in Hawthorne that had been converted into a factory for the production of Boeing 747 fuselages.

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Aerospace Corp., an El Segundo federally funded nonprofit that provides scientific and technical support to the aerospace industry, announced in March that it was moving its executive offices to Virginia but simultaneously announced it was investing $100 million in its local campus.

The region is still home too for major defense work.

Northrop Grumman is building the new B-21 digital bomber in Palmdale, which is slated to replace the B-2 stealth bomber it built decades ago in Pico Rivera. The high desert city also is home to Lockheed Martin’s famed “Skunk Works,” a secretive, cutting-edge military research and development facility.

Klowden said that for some SpaceX workers a move to South Texas could be a no-go, and he expects other aerospace companies will attempt poach its workers. Indeed, Orange County asteroid mining company Astroforge Inc. said it was hiring in a reply to Musk’s SpaceX tweet.

Earlier this week, workers streaming in and out of SpaceX’s Hawthorne complex declined to speak to a Times reporter. However, a salesman for SpaceX vendor GF Machining Solutions who asked his name not be used, said he hopes Musk was not serious about relocating the headquarters to Texas.

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“Well, I wouldn’t want that to happen, because I’ve lived in California all my life and I would lose that account if SpaceX moved,” the Corona resident said. “I’m not moving to Texas.”

Times staff writer Ashley Ahn and Bloomberg News contributed to this report.

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Commentary: Farewell to Peter Duesberg, a godfather of scientific disinformation

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Commentary: Farewell to Peter Duesberg, a godfather of scientific disinformation

It can hardly be disputed that science and medicine today are awash in disinformation.

It’s why respected scientists get physically assaulted and hauled before partisan committees in Congress to be smeared. It’s why childhood vaccine rates in some places are plummeting and measles is on the rampage across the country.

Therefore, it behooves us to look at the origins of this outbreak of politically manipulated pseudoscience. Nature has given us a peg, with the death Jan. 13 of former UC Berkeley scientist Peter Duesberg, at 89.

Peter Duesberg was an AIDS denialist. He is the precursor to contemporary denialists like RFK Jr., who brought AIDS denialism into the 21st century.

— Yale epidemiologist Gregg Gonsalves

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At the dawn of research into what is now known as HIV/AIDS, Duesberg took the heterodox view that HIV was a harmless virus that had nothing to do with AIDS.

“That virus is a pussycat,” he said. He maintained that the cause of AIDS had to be found elsewhere, notably the lifestyles and drug habits of gay men. His claim motivated a phalanx of AIDS deniers, the forebears of the anti-vaccine militants today.

“Duesberg was a pioneer of disinformation on infectious disease,” says John P. Moore, professor of microbiology and immunology at Weill Cornell Medical College and the author of a devastating 1996 takedown in Nature of Duesberg’s claims.

Duesberg’s embrace of a dangerously wrong hypothesis to the point that it destroyed his career is almost a Shakespearean narrative.

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The German native built a career in the U.S. as a brilliant virologist with significant discoveries to his credit and long had been revered among his colleagues. But that ended when he entered the HIV wars. By 1996, Richard Horton, then the editor of the Lancet, the British medical journal, could marvel: “He is now perhaps the most vilified scientist alive.”

Some of the adversaries against whom he leveled ad hominem attacks — he accused Anthony S. Fauci, the respected immunologist and long-term director of the National Institute of Allergies and Infectious Diseases, of committing mass murder by promoting the use of the highly toxic drug AZT against HIV — could barely hear his name without suffering apoplectic fits. AZT remains part of standard HIV therapies and is estimated to have saved or prolonged millions of lives.

Asked by science journalist William Booth to respond to a Duesberg statement, Robert Gallo, the co-discoverer of HIV, replied, “I cannot respond without shrieking.” Fauci derided Duesberg’s scientific claims as “absolute and total nonsense.”

But it would be a mistake to think that Duesberg’s baleful influence on medical science will end with his death.

Duesberg’s heirs are all around us. Actually, they’re more than that — they’re now in charge.

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As secretary of Health and Human Services, Duesberg’s most highly placed follower, Robert F. Kennedy Jr., is presiding over what has become an overtly anti-vaccination and anti-science agency with a stranglehold on government health policy and funding.

“Peter Duesberg was an AIDS denialist,” says Gregg Gonsalves, a Yale epidemiologist who was active in the AIDS research community starting in the 1990s. “He is the precursor to contemporary denialists like RFK Jr., who brought AIDS denialism into the 21st century.”

Indeed, Kennedy has embraced the denialist position that HIV is not the cause of AIDS: In a 2023 interview with New York magazine, Kennedy attributed the conclusion that HIV and AIDS were inextricably linked to “phony, crooked studies to develop a cure that killed people,” referring to AZT.

In his 2021 book “The Real Anthony Fauci,” Kennedy highlighted Duesberg’s depiction of Fauci as an all-powerful scientific panjandrum intent on blocking his grant applications because his findings might be costly for Fauci’s patrons, Big Pharma.

Kennedy also picked up Duesberg’s broader brief against government science agencies such as the Centers for Disease Control and Prevention. Duesberg’s claim was that the CDC existed only to drum up medical emergencies so the NIH could solve them, ensuring the continued flow of taxpayer dollars into both agencies.

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Starting in the mid-1970s, Duesberg asserted and Kennedy quoted, “‘the CDC increasingly needed a major epidemic’ to justify its existence.”

Kennedy added his own gloss: “Drumming up public fear of periodic pandemics was a natural way for NIAID and CDC bureaucrats to keep their agencies relevant.”

One can draw a straight line from that statement to the unapologetic malevolence with which Kennedy treats the CDC and NIH, insinuating that they’re rife with corruption and conflicts of interest. I sought a comment from Kennedy about Duesberg’s influence on his thinking, but received no reply.

Because AIDS isn’t caused by a virus, Duesberg maintained, the antiviral drugs used as therapies were worse than the disease. He specifically targeted AZT, then as now a common component of AIDS therapies.

The publicity his claims received encouraged untold patients to refuse AZT, causing a toll that may number in the millions. Duesberg met with South African President Thabo Mbeki and chaired a South Africa conference on alternative AIDS theories in 2000, and influenced Mbeki to deny AZT treatments for South African patients. That policy contributed to more than 300,000 deaths from AIDS in that country alone.

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“That’s his biggest legacy in terms of the death toll,” Moore says.

Duesberg’s intellectual journey points to an eternal question in science: At what point does a theory become so discredited and the empirical evidence against it so strong, that its advocates should be ignored?

For Duesberg, that point may have come in 1989, when he published an article in the Proceedings of the National Academy of Sciences outlining his position in detail. The article was filled with with so many assertions about virus science that experienced virologists knew to be false that it “closed the book on him,” Moore told me.

But as Jon Cohen of Science magazine would observe, “the press was less skeptical.” Journalists saw Duesberg as an iconoclastic truth-teller because he carried “visible credentials,” as Gallo put it — after all, he was a professor at a leading research university and a member of the elite National Academy of Sciences.

The press feasted on Duesberg’s self-portrayal as the victim of ostracism arising from professional jealousies — a target of cancel culture before that was a thing. But it rang as false then as do those of RFK Jr.’s anti-science appointees who claim today to have been silenced for their unorthodox views while proclaiming their victimhood at university-sponsored symposiums and appearances on Fox News.

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Duesberg’s position also appealed to “the unwary, desperate or gullible” with “twisted facts and illogical lines of argument,” Moore wrote in 1996.

He attracted followers eager to make their name by challenging the scientific consensus on HIV and AIDS.

One was Robert Willner, who had lost his medical license in Florida for claiming to have cured an AIDS patient by administering ozone. Willner went on the road with presentations that included his injecting himself with blood from an AIDS sufferer, as if to show that there was nothing to be feared from HIV. (Willner died in 1995 of a heart attack.)

In his 1989 article, Duesberg had insisted that the true cause of AIDS was drug use by abusers and nitrite poppers favored by homosexuals. AIDS had only been discovered and named, he wrote, because “the particular permissiveness toward these risk groups in metropolitan centers encouraged the clustering of cases that was necessary to detect AIDS.”

His advice was that AIDS prevention efforts should be “concentrated on AIDS risks rather than on transmission of HIV,” which — if followed — would have set AIDS research inexorably down the wrong path.

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Duesberg kept making his argument well after evidence that the human immunodeficiency virus, HIV, causes AIDS became incontestable. It’s on that evidence that AIDS treatment is based today, with spectacular success — with proper treatment, an AIDS patient can live about as long as an uninfected individual. In the old days, an infection was a death sentence.

The memorial page posted by UC Berkeley after Duesberg’s death walked a tightrope in acknowledging his descent into infamy. In its first sentence, it labeled him as a “public controversialist,” a term new to me. It recounted, “In his later years, Peter enjoyed being a maverick and the center of controversy.”

But it candidly addresses the controversies he triggered by noting that his unorthodox stance “was amplified by political leaders to the detriment of public health.”

And it delivers a final verdict that “the scientific consensus is that HIV is indeed the primary cause of AIDS, and that the current suite of anti-retroviral agents is very effective in slowing or halting the progression of the disease and its spread in the population.”

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These California companies want you to ditch your keyboard

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These California companies want you to ditch your keyboard

Gavin McNamara has abandoned his keyboard and spends all day talking rather than typing.

He speaks for hours with his computer and phone, sending emails, writing presentations, posting on LinkedIn and even coding through conversations using an AI dictation app from San Francisco startup, Wispr Flow.

The AI punctuates, formats and adapts his rambling into coherent copy. McNamara averages 125 words per minute, which is twice the average typing speed.

“At this point, anything that could be done by typing, I do by speaking,” said the 32-year-old, founder of software agency Why Not Us. “I just talk.”

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Across 77 apps, he has dictated nearly 300,000 words in the past five months — that’s equivalent to writing three novels.

California’s tech titans and startups are at the forefront of a movement to use AI and the large language models they are based on to push people to interact with technology using their voices rather than their fingers.

“AI and LLMs have changed the dynamic,” said CJ Pais, the San Diego-based creator of free voice-to-text dictation app Handy. “Using your voice is much faster than typing.”

A mix of independent developers and startups, including Handy, San Francisco’s Wispr Flow and Willow and others, have sprung up to offer accurate voice interaction with artificial intelligence.

The biggest names in tech are also creating new ways for people to partner with AI. Meta’s latest smart glasses rely on voice. OpenAI and Meta have designed distinct personalities for their bots’ voice chats. Even Amazon’s Alexa and Apple’s Siri are undergoing AI upgrades, which the companies anticipate will have everyone talking to their tech much more.

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These free and paid methods for using spoken words with computers have attracted millions of users, including coders, executive assistants, lawyers, content creators, and medical practitioners. Some optimists think the keyboard could become obsolete.

“I’m excited to announce that we’ve removed keyboards from the most prestigious television awards in the world,” Allan Guo, the founder of Willow, said in a post on LinkedIn, noting that the Emmy Awards team used Willow’s voice dictation for sending Slack messages and clearing inboxes faster in preparation for the 2026 awards.

Over the years, big tech companies have adapted many of their products with voice-first features — for convenience. Today’s pivot away from voice as an accessibility feature to a productivity tool.

In late 2022, the maker of ChatGPT started giving away unfettered acccess to its automatic speech recognition model called Whisper, trained on 680,000 hours of multilingual data. OpenAI shared the tech for accurate audio transcription, once a closely guarded big tech secret. Anyone could now download and run high-quality AI transcription for free on their laptop.

The new wave of AI dictation apps uses Whisper as the foundation and builds on top to offer live dictation. While there are free alternatives, paid subscription costs between $8 and $12 a month.

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AI-powered dictation is now gaining a toehold among programmers and regular users — and getting people to talk to their laptops. Be it writing emails, sending SMS, designing a website, or giving AIs tasks, early adopters say dictation allow them to work faster, think more clearly, and be more productive.

“The people who’ve adopted voice heavily aren’t going back. Once you’re talking 20 hours a week to your laptop, typing feels like friction,” said Naveen Naidu, the general manager of New York-based voice dictation app Monologue. “Where I think it’s heading: Voice becomes the delegation layer. You speak your intent, and things happen.”

These new AI dictation apps leverage Apple’s advanced chips on iPhones and Macs to run private on-device dictation.

Geoffrey Huntley, an independent software developer, switched almost completely to voice for work in June.

He often starts projects by opening a voice prompt and asking the AI to interview him about his concerns and project requirements before any code is generated.

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“I speak to it, like I’m riffing in a jazz band, backwards, forwards, backwards, forwards,” Huntley said. This vocal dance helps refine the specifications, then the AI takes the wheel, and builds software.

Beyond coding, Huntley uses voice to “let it rip” when capturing blog post ideas or messaging, using apps like Superwhisper or Wispr Flow to get a “first dump” of thoughts before moving to a keyboard for final editing.

A growing number of software developers in Silicon Valley are dictating coding instructions for hours at a time instead of typing. The combination of rapidly advancing AI agents that can code for hours, with voice inputs capturing thoughts faster than typing, has boosted their productivity.

Self-described “vibe coder” McNamara built over 25 web apps in a few months, a speed of development that would be impossible without voice instructions.

“I don’t think that [typing], by any means, would be even efficient or effective to get there as fast as I did with talking,” McNamara said.

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He used a meandering conversation and a few hours to get AI to build Sprout Gifts, a gifting registry for kids, and an app to appraise any items via photos.

To be sure, AI can make mistakes, and its work needs to be checked.

Meanwhile, wide adoption has brought new inconveniences, as even power users feel awkward talking to their laptops. Crowded open offices are not designed for many people to be conversing with their computers at the same time.

“Love voice, but not in an office setting,” said one user on X. “I dislike talking around other people. I would do it in a closed-door office, or go work in my car.”

McNamara uses headphones so people assume he is on a call.

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“It’s like the social hack that I have,” he said.

While it is too early to call whether and when the Qwerty keyboard might follow the ticker tape and fax machines into obsolescence, the velocity toward voice is accelerating, said Dylan Fox, founder of San Francisco-based AssemblyAI, which offers audio models to companies.

“We’re definitely in the beginning of what we think of as like this 10 to 100x increase in demand for voice, AI applications and interfaces,” he said.

For the coder, McNamara, talking more to chatbots has made him a better buddy.

He used to be bad at responding to texts. Now he gets back to friends right away.

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“I am so quick to respond, they are like ‘Who’s this guy?’” he said.

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After Warner defeat, Comcast loads up on Winter Olympics, Super Bowl and NBA

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After Warner defeat, Comcast loads up on Winter Olympics, Super Bowl and NBA

Shaking off its defeat in the Warner Bros. bidding war, Comcast is focusing on its big sports bet.

NBCUniversal will broadcast the Winter Olympics, Super Bowl, NBA, Major League Baseball and the World Cup this year.

The Philadelphia giant released its fourth-quarter earnings Thursday and its sports-heavy strategy is revealing both the benefits and costs. NBCUniversal’s new NBA deal has had the hoped-for effect of boosting subscribers to its Peacock streaming service.

Peacock now has 44 million customers and streaming revenue grew 23% to $1.6 billion. But Peacock’s losses swelled to $552 million in the fourth quarter as the streaming service absorbed the expense of NBC’s NBA TV rights agreement and an exclusive NFL game.

Comcast executives said during an earnings call that Peacock reduced its full-year losses by $700 million compared to 2024. Last year, the service lost $1.1 billion and profitability is still a ways off.

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Comcast Chairman Brian Roberts noted that the entertainment industry is in the throes of a major transformation and that NBCUniversal has laid the groundwork for its own metamorphosis. His company has made a sharp pivot away from NBC’s 1990s glory days of “Must-See TV” comedies, water-cooler dramas like “ER” and “West Wing,” as well as a fleet of formidable cable channels, including USA and CNBC.

This month, the cable channels were spun off into a new company called Versant.

Comcast entered last fall’s high-stakes Warner auction with hopes of combining NBCUniversal with Warner Bros. to create a new Hollywood behemoth. But Netflix swooped in with a $82.7-billion deal and David Ellison’s Paramount Skydance also made an all-cash bid. Paramount has refused to accept defeat, launching a hostile takeover to attempt to claim its rival — a pursuit that Warner board members are fighting.

“In terms of Warner Bros., what can you say?” Roberts said. “It’s still underway, obviously.”

Marrying NBCUniversal and Warner Bros. would have made a compelling company, Roberts said. But as soon as its competitors turned to all-cash offers, “We were just not interested in these values, stretching our balance sheet to do something like that,” he said.

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NBCUniversal’s Peacock grew to 44 million subscribers.

(Peacock)

The longtime cable chief pointed to the silver lining.

Preparing its bid for Warner Bros. “forced us on the journey to really take a good look at what we have and what we’re building,” Roberts said. “We have a wonderful studios business … 2026 should be a great year for the film business. … We have two studios in the television business, which is feeding Peacock.”

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NBCUniversal is moving closer to its goal of becoming “an integrated media business that is profitable and [has] got a lot of sports,” a streaming service and Universal theme parks, Roberts said, adding the Warner auction has prompted other firms to discuss possible combinations.

NBC, which turns 100 this year, has long carried live sports.

But it has doubled down and February will be packed with the Winter Olympics in Italy, the Super Bowl near San Francisco and the NBA All-Star game in Inglewood.

In March, NBC and Peacock will begin broadcasting MLB games, including the Dodgers hosting the Arizona Diamondbacks on opening day.

The company’s Spanish-language network Telemundo will broadcast the World Cup this summer, including a stop in Los Angeles.

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“We’re very confident and comfortable that we’re in the right part of the industry,” Roberts said. “We hope the Olympic Games can offer a moment of connection for our country and for people everywhere” during such divisive times, he said.

Comcast has been struggling in its core broadband business as cellphone carriers with 5G service have cut into its former dominance. Millions of customers have ditched their cable TV packages.

The company switched up management in Philadelphia in October, installing Steve Croney as chief executive of its connectivity and platforms business. And Comcast has trimmed some of its internet package prices to better compete.

In the fourth quarter, Comcast lost 181,000 domestic broadband customers — more than what analysts had forecast. The company said some of the losses were offset by gaining international customers.

Comcast generated quarterly revenue of $32.3 billion, a slight increase that was in-line with expectations. Adjusted earnings a share decreased 12% to 84 cents, higher than expected.

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Net income attributed to Comcast came in at $2.2 billion, which was more than 50% lower than the year-earlier period. The decline reflected a tough comparison to the prior year period, which included a $1.9 billion income tax benefit attributed to an internal corporate reorganization.

NBCUniversal produced $12.7 billion in revenue, a 5.4% increase.

The media unit, which includes television and streaming, contributed $7.6 billion in revenue, a 5.5% gain. (The numbers included results from the profitable cable channels, which became a separate entity on Jan. 2.) Higher advertising sales and Peacock, which began carrying the NBA, helped deliver the gains. Peacock recently raised its monthly fee.

But media earnings before interest, taxes, depreciation and amortization tumbled 141% to a loss of $122 million to account for the NBA contract.

Theme parks, which now boast Universal’s Epic Universe near Orlando, produced $2.9 billion in revenue — a 22% increase. It generated $1 billion in profit.

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NBCUniversal’s studio business generated $3 billion in revenue, a decline of 7.4%. It notched $351 million in earnings, a decline of 38%.

Although shut out of the Oscar nominations, Universal Pictures’ “Wicked: For Good” roared at the box office. The two-part “Wicked” franchise has fetched $1.3 billion in global ticket sales.

Comcast shares were up 2.9% to $29.24 on Thursday.

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