Jeff Shell addressed the conglomerate's appetite for deals by emphasizing a need to weigh buying against investing in current businesses.
Comcast president Michael Cavanagh reemphasized to analysts on the fourth-quarter earnings conference call that the company weighs up whether any takeover adds enough to the mix given it has enough attractive businesses it wants to invest in and grow. As such, he once again signaled that any potential deal discussions would focus on whether buying a new asset makes financial and strategic sense.
“Is it worth it” paying for a deal, when compared to investing the money in Comcast’s existing businesses? That’s how Cavanagh explained the theme of discussions that the company would have when it comes to possible acquisitions. “Our bias has to be investing behind our businesses themselves, where we operate, control what we are doing, have momentum, no surprises,” the exec said.
With Comcast often seen as a potential buyer of big media assets, Cavanagh, the conglomerate’s former CFO, now president, had also told an
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