Coronavirus Could Hit NBCU Revenue, Comcast Says; ACA Says Summit On
Coronavirus could hurt NBCUniversal Q1 revenue 7%-9% due largely to closure of its Osaka, Japan, theme park, Comcast CEO Brian Roberts said at a Morgan Stanley investor conference Tuesday. Earlier that day, America's Communications Association said it's going ahead with…
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its summit in Washington, D.C., next week, working with the Grand Hyatt venue to ensure "a clean environment with the best on hand in prevention and immediate care." Fox said Tuesday it won't attend the Morgan Stanley conference Wednesday due to "an abundance of caution" about coronavirus health concerns. Verizon Chief Financial Officer Matt Ellis, also at Morgan Stanley, said coronavirus currently is having a "not significant, not material" impact on the business. Comcast's Roberts said the Olympics are "full steam ahead," and if there's a disruption of the games, insurance would cover lost costs. He said construction of Universal's theme park in Beijing was down for several weeks but has since resumed and the park should open on time. Ellis said Verizon doesn't expect New T-Mobile and the emergence of Dish Network in the wireless space to affect his carrier's market share.