Morning Brew Daily Comcast Dumps Struggling Cable Biz & Is Target in Trouble?
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Nov 21, 2024 Comcast is offloading its struggling cable business, signaling a big shift in the media landscape. Target is facing serious challenges with its latest sales report, while price cuts try to woo back shoppers. The bizarre connection between the McRib and stock market trends offers a humorous take on consumer behavior. Amid playful discussions, banana art and dog toys bring lightness to serious topics, including artistic value and corporate innovation challenges.
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The McRib Effect
- McDonald's McRib is returning on December 3rd for a limited time, despite being on a "farewell tour" in 2022.
- Interestingly, the "McRib effect" suggests a correlation between McRib availability and higher stock market returns.
Comcast Dumps Cable
- Comcast is spinning off its cable TV networks (MSNBC, CNBC, USA, etc.) into a new entity called "SpinCo."
- This move reflects the decline of cable TV viewership and Comcast's shift towards streaming.
Google's Chrome Conundrum
- The Department of Justice (DOJ) has proposed that Google sell its Chrome browser to address its search monopoly.
- The DOJ argues Chrome is key to Google's search dominance and selling it would level the playing field.