Comcast posts a 20% profit jump in the first quarter as the media conglomerate adds cable-TV subscribers while its NBCUniversal group is lifted by 'Fifty Shades Darker' and 'Get Out.'
Media stocks have outperformed the market since the inauguration of Donald Trump, with TV station owners led by Sinclair Broadcasting pacing the sector.
The FCC's new chief laid out the case for rolling back regulations that classify broadband as a utility in a much-watched speech in Washington, D.C. on Wednesday.
Recent earnings reports show that T-Mobile's subscriber growth remains much better than that of its larger rivals. The difference in service revenue growth is larger still.